Shares of AutoNation Pop on Solid Third Quarter and Waymo Partnership
Investors in AutoNation, Inc. (NYSE: AN), America's largest automotive retailer, are enjoying a nice jump in share price Thursday, closing up almost 15%. This came after the company released its third-quarter results and announced a multiyear service agreement with Waymo, Alphabet Inc.'s (NASDAQ: GOOGL) (NASDAQ: GOOG) self-driving technology company.
Starting with AutoNation's third-quarter results, the company posted a slightly disappointing $5.43 billion that fell short of analysts' estimates calling for $5.57 billion. But despite the top line falling a bit short of estimates, AutoNation impressed on the bottom line: Its adjusted earnings per share came in at $1.08, well ahead of analysts' estimates of $0.84 per share.
Image source: Getty Images.
Source: Fool.com
Autonation Inc. Stock
Currently there is a rather positive sentiment for Autonation Inc. with 4 Buy predictions and 1 Sell predictions.
As a result the target price of 176 € shows a slightly positive potential of 13.7% compared to the current price of 154.8 € for Autonation Inc..
