Long Position on AN @ $96.00 on 4/22/2021 (Momentum)

AutoNation, Inc. (AN), through its subsidiaries, operates as an automotive retailer in the United States.

The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.

The company also provides automotive finance and insurance products comprising vehicle services and other protection products, as well as arranges finance for vehicle purchases through third-party finance sources. As of December 31, 2020, it owned and operated 315 new vehicle franchises from 230 stores located primarily in metropolitan markets in the Sunbelt region.

The company also owned and operated 74 AutoNation-branded collision centers, 5 AutoNation USA used vehicle stores, 4 AutoNation-branded automotive auction operations, and 3 parts distribution centers.

AutoNation, Inc. was founded in 1991 and is headquartered in Fort Lauderdale, Florida.

Please note this stock reported earnings on Tuesday, April 20th.

AutoNation reported 1st Quarter March 2021 earnings of $2.79 per share on revenue of $5.9 billion. The consensus earnings estimate was $1.80 per share on revenue of $5.1 billion. The Earnings Whisper number was $2.09 per share. Revenue grew 26.5% on a year-over-year basis.

This stock has formed an "upward trading channel" following a strong report.

Entry Point: $96.00

Stop Loss: $91.25

Trading Range: $28.79 - $99.78

Target Price: $105.60

Updates

5/13/2021 11:14:09 AM

AN closed at $102

Position closed on 5/13/2021 at price of $102.00 with a 6.25% gain in 21 days.

Back to Portfolio