AutoNation (AN) Stock Sinks As Market Gains: What You Should Know

AutoNation (AN) Stock Sinks As Market Gains: What You Should Know
This story originally appeared on Zacks

AutoNation (AN) closed at $114.18 in the latest trading session, marking a -1.87% move from the prior day. This move lagged the S&P 500’s daily gain of 0.92%. Elsewhere, the Dow gained 0.51%, while the tech-heavy Nasdaq added 0.54%.

AutoNation (AN) Stock Sinks As Market Gains: What You Should Know – Zacks

Prior to today’s trading, shares of the auto retailer had gained 1.82% over the past month. This has outpaced the Retail-Wholesale sector’s loss of 4.75% and the S&P 500’s loss of 0.85% in that time.

AutoNation will be looking to display strength as it nears its next earnings release. On that day, AutoNation is projected to report earnings of $4.99 per share, which would represent year-over-year growth of 105.35%. Our most recent consensus estimate is calling for quarterly revenue of $6.44 billion, up 11.26% from the year-ago period.

It is also important to note the…

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