Earnings Season Preview: Autonation Stock Near Buy Zone With Quarterly Report Due

If you’re trying to build your earnings season watch list by looking for stocks setting up in a base ahead of their next quarterly report, here’s one that fits the bill: Autonation (AN). It’s expected to release its latest numbers around Jul. 23 and is trading about 4% under a 107.09 entry. The entry is based on a third-stage consolidation, which is less likely than an earlier-stage base to generate a big new run.


Understand that buying a stock just ahead of earnings involves risk since you typically don’t have enough time to build 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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Autonation saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 94% to 207%. Revenue rose from 4% to 27%.

Consensus analyst estimates call for earnings-per-share growth of 82% for the quarter, and 43% growth for the full year. Earnings estimates for the full year were recently revised higher.

The car retailer has a 91 Composite Rating and earns the No. 2 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Lithia Motors (LAD) is the No. 1-ranked stock within the group.

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


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