Stocks To Watch With Earnings On Tap: Autonation

Autonation (AN) is expected to report earnings on Oct. 21. The stock is now trading 6% below the 125.31 buy point from a third-stage cup without handle that it cleared earlier.


Understand that buying a stock just ahead of earnings involves risk since you typically don’t have enough time to establish a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.

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In terms of top and bottom line numbers, Autonation has posted two quarters of increasing earnings growth. Sales growth has also increased during the same period.

Consensus analyst estimates call for earnings-per-share growth of 76% for the quarter, and 120% growth for the full year. EPS estimates for the full year were recently revised upward.

Autonation has a 98 Composite Rating and earns the No. 1 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Autonation (AN) and Penske Automotive Group (PAG) are also among the group’s highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.


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