Latest news with #AN
Business Insider
2 days ago
- Automotive
- Business Insider
AutoNation (AN) Gets a Hold from Wells Fargo
In a report released on July 25, Colin Langan from Wells Fargo maintained a Hold rating on AutoNation, with a price target of $221.00. The company's shares closed last Friday at $203.25. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Langan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, BorgWarner, and Autoliv. According to TipRanks, Langan has an average return of -5.8% and a 49.13% success rate on recommended stocks. In addition to Wells Fargo, AutoNation also received a Hold from J.P. Morgan's Rajat Gupta CFA in a report issued on July 17. However, on July 25, Bank of America Securities maintained a Buy rating on AutoNation (NYSE: AN). AN market cap is currently $7.66B and has a P/E ratio of 12.73. Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AN in relation to earlier this year. Most recently, in May 2025, C Coleman Edmunds, the EVP, Gen Counsel & Corp Sec of AN sold 12,324.00 shares for a total of $2,347,105.80.
Yahoo
4 days ago
- Automotive
- Yahoo
AutoNation Inc (AN) Q2 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic Expansion
Total Revenue: $7 billion, an increase of 8% year-over-year on both total and same-store basis. Same-Store Gross Profit: $1.3 billion, up 10% from a year ago. Gross Profit Margin: 18.3% of revenue, up 40 basis points from a year ago. Adjusted SG&A: 66.2%, at the lower end of the 66% to 67% range. Adjusted Operating Income Margin: 5.3%, increased from a year ago and from the first quarter. Adjusted Net Income: $209 million, up 29% from a year ago. Adjusted EPS: $5.46, an increase of 37% from a year ago. New Vehicle Unit Volumes: Increased 7% from a year ago on a total store and 8% on a same-store basis. Used Vehicle Retail Unit Sales: Improved by 6% year-over-year on a same-store basis. Customer Financial Services Gross Profit: Up 13% on a same-store basis. After-Sales Revenue: Up 12% year-over-year on a same-store basis. After-Sales Gross Margin: 49%, up 100 basis points from a year ago. Adjusted Free Cash Flow: $394 million for the first half, 100% of adjusted net income. Capital Expenditures: $154 million for the first half of 2025, 15% lower than 2024. Leverage: 2.33 times EBITDA, down from 2.56 times EBITDA at the end of March. Warning! GuruFocus has detected 10 Warning Signs with AN. Release Date: July 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points AutoNation Inc (NYSE:AN) reported an 8% increase in new vehicle sales, with significant growth in the Domestic segment. Used vehicle gross profit increased by 13% year-over-year, supported by strong unit sales and stable profitability. Customer Financial Services gross profit rose by 13%, with stable finance penetration and strong product attachment rates. After-Sales revenue and gross profit grew by more than 12%, with improved technician efficiency and increased headcount. AutoNation Finance saw a doubling of originations and completed a successful asset-backed securitization, enhancing profitability. Negative Points The second quarter was impacted by a tariff-related shift of volume into the first quarter, affecting overall performance. A noncash impairment charge of $123 million was recorded, primarily related to the Mobile Service business and franchise rights. New vehicle inventory days of supply decreased, indicating potential challenges in maintaining stock levels. The company faces ongoing uncertainty regarding tariffs and their impact on OEM pricing and dealer margins. Competition in the used vehicle market remains intense, with challenges in securing inventory due to lower new vehicle production during COVID. Q & A Highlights Q: Could you discuss AutoNation's approach to mergers and acquisitions (M&A) and any potential international expansion? A: Thomas Szlosek, CFO, mentioned that AutoNation has been cautious with share repurchases due to tariff uncertainties but sees improvement in the M&A pipeline. CEO Michael Manley added that the company focuses on "tuck-ins" in existing markets to unlock synergies and is open to international opportunities if they enhance earnings per share. Q: What are your thoughts on the recent pickup in sales after a slow start in July, and how do you see demand and dealer margins evolving? A: CEO Michael Manley noted that while there have been fluctuations, he expects a 5-10% improvement in sales. He anticipates stability in dealer margins for the rest of the year, with potential fluctuations due to OEM actions and market conditions. Q: Can you provide an update on AutoNation Finance's portfolio growth and profitability outlook? A: CFO Thomas Szlosek stated that AutoNation Finance is expected to continue growing its penetration, particularly in used vehicles. The business has improved profitability and is expected to scale well, with stable fixed costs and improving credit metrics. Q: How is AutoNation addressing pricing and volume in the After-Sales business, and what are the expectations for the second half? A: CEO Michael Manley explained that the company is balancing volume and pricing, focusing on competitive labor pricing and managing OEM parts pricing. He expects continued volume growth and limited price increases, with a focus on technician workforce development. Q: What is the strategy for AutoNation USA given the scarcity of used inventory? A: CEO Michael Manley stated that AutoNation USA's growth will be deliberate, focusing on markets with existing density to leverage synergies. The company is optimizing product offerings to minimize overlap and enhance market presence. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
5 days ago
- Business
- Yahoo
Pre-Markets Moderate in the Green for Another Up-Week
Friday, July 25, 2025Friday's pre-market futures are in the green at this hour, though a little choppy. One new economic report and a handful of Q2 earnings releases ahead of the opening bell are perhaps having some impact, but over the past week of trading — which has been positive across the board — we're seeing a bit of moderation at or near all-time Dow is +55 points at this hour, while the S&P 500 is +8 points and the Nasdaq +6. The small-cap Russell 2000 is +8 points currently. Over the past five days of trading, we're up anywhere from a half a point (Nasdaq) to +1% (S&P 500). Off April 9 lows — the day President Trump pressed pause on his massive tariff policy — we're +16% on the Dow, +23% on the S&P 500, +29% on the Nasdaq and +22% on the Russell 2000. Durable Goods Swing Negative, As Expected Durable Goods Orders for June reached -9.3% in this morning's latest preliminary report, better than the -11.1% analysts had projected. This follows a slightly upwardly revised +16.5% for May, which was basically the result of Boeing BA having filled 300+ aircraft orders. Ex-transportation, this number swings to a positive: +0.2%, following an upwardly revised +0.6% ex-aircraft — a proxy for 'normal' business infrastructure spending — also swung to a negative: -0.7%, from May's +2.0%. Shipments doubled expectations to +0.4%, down from +0.5% the previous month. Aside from Boeing, we may see these Durable Goods Orders as a reflection on how business spending attempts to play the ever-shifting tariff policy. Q2 Earnings Show Big Beats, Misses: PSX, AN, CNC Oil refiner Phillips 66 PSX posted a significant earnings beat in its Q2 report out this morning: $2.38 per share amounted to a +43.37% positive surprise from the $1.66 estimated. Revenues of $33.52 billion also trounced expectations, +9.75%. As a result, Phillips 66 shares are up +2.7% in the early market, now up double digits year to date. For more on PSX's earnings, click AN also notably surpassed estimates in its Q2 numbers ahead of the open: earnings of $5.46 per share was +16.17% ahead of the Zacks consensus $4.70 per share. Revenues of $6.97 billion for the auto retailer beat projections by +2.6%. Shares are also up +2.7% in early trading this Friday, adding to its +18% year to date. For more on AN's earnings, click the other side of Q2 earnings results, insurance service provider Centene CNC swung to a big miss on its Q2 earnings this morning: -$0.16 per share from +$0.68 anticipated, for a -123.5% miss on the company's bottom line. A 'shifting landscape' for Medicaid and Medicare was cited in Centene's letter to shareholders. Revenues, however, outpaced estimates by +11% to $48.74 billion in the quarter. Shares are trading up +5% at this hour, but are still down -50% year to date. For more on CNC's earnings, click here. What to Expect from the Market Next Week Earnings season ramps up to a new level next week, where 'Mag 7' companies like Microsoft MSFT, Apple AAPL and Amazon AMZN post quarterly results. We'll also get a new Fed meeting — the last til this autumn — but even though some voting members now advocate cutting interest rates, it is widely expected the Fed will keep rates at +4.25-4.50%, where they've been all year. Next week is also Jobs Week, even as the first day of August comes a week from today (sometimes these reports shift back a week). JOLTS, ADP private-sector payrolls and Friday's all-important BLS Employment Situation report will all hit the tape. Revisions to prior months will be key: ADP for June posted negative -33K jobs created, while the BLS showed + or comments about this article and/or author? Click here>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Inc. (AMZN) : Free Stock Analysis Report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report AutoNation, Inc. (AN) : Free Stock Analysis Report Phillips 66 (PSX) : Free Stock Analysis Report Centene Corporation (CNC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Automotive
- Yahoo
AutoNation Tops Second-Quarter Views Amid Higher Car Prices
AutoNation (AN) reported stronger-than-expected results for the second quarter on Friday as increase Sign in to access your portfolio
Al Jazeera
5 days ago
- Business
- Al Jazeera
US State Department approves $4.7bn surface-to-air missile package to Egypt
The US State Department has approved the potential sale of a surface-to-air missile package worth $4.67bn to the government of Egypt, the Pentagon has announced. In a statement on Thursday, the Defense Security Cooperation Agency said it had agreed to a 'possible Foreign Military Sale' of a National Advanced Surface-to-Air Missile System (NASAMS) package, including four AN/MPQ-64 Sentinel radar systems, hundreds of missiles, and dozens of guidance units. NASAMS is a US- and Norwegian-developed air defence system designed to engage hostile aircraft, aerial drones, and cruise missiles. US government employees and contractors will also provide engineering, technical and logistics support services to the Egyptian military as part of the potential deal. 'This proposed sale will support the foreign policy goals and national security objectives of the United States by improving the security of a major non-NATO ally that is a force for political stability and economic progress in the Middle East,' the Defense Security Cooperation Agency statement said, referring to Egypt. The prime contractor will be a US multinational aerospace and defence conglomerate, RTX Corporation, located in the state of Massachusetts. The defence agency said that it had already 'delivered the required certification notifying Congress of this possible sale'. If approved, about 26 US government employees and 34 contractors will travel to Egypt for an 'extended period' in order to provide training and technical and logistics support. Cairo, a longstanding US ally in the Middle East, has received generous defence funding from Washington since it signed a peace treaty with Israel in 1979. But there have been indications of warming ties between Egypt and China in recent years, including the countries' first-ever joint military drills, hosted in April and May this year. Called the 'Eagles of Civilization 2025', the countries' air forces conducted two weeks of training, which the Egyptian military described as part of 'broader efforts to deepen defence ties with China and strengthen joint military capabilities'.
