Intrinsic value of AutoNation - AN

Previous Close

$44.15

  Intrinsic Value

$48.31

stock screener

  Rating & Target

hold

+9%

  Value-price divergence*

-10%

Previous close

$44.15

 
Intrinsic value

$48.31

 
Up/down potential

+9%

 
Rating

hold

 
Value-price divergence*

-10%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of AN stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 4.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  3.58
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  21,609
  22,041
  22,548
  23,128
  23,778
  24,499
  25,290
  26,151
  27,084
  28,088
  29,166
  30,319
  31,550
  32,860
  34,252
  35,730
  37,296
  38,953
  40,706
  42,558
  44,513
  46,577
  48,753
  51,046
  53,463
  56,008
  58,688
  61,508
  64,477
  67,599
  70,884
Variable operating expenses, $m
 
  21,112
  21,595
  22,146
  22,764
  23,450
  24,202
  25,021
  25,908
  26,863
  27,888
  28,834
  30,004
  31,250
  32,574
  33,979
  35,468
  37,045
  38,712
  40,473
  42,333
  44,295
  46,364
  48,545
  50,844
  53,264
  55,813
  58,495
  61,318
  64,287
  67,411
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  20,721
  21,112
  21,595
  22,146
  22,764
  23,450
  24,202
  25,021
  25,908
  26,863
  27,888
  28,834
  30,004
  31,250
  32,574
  33,979
  35,468
  37,045
  38,712
  40,473
  42,333
  44,295
  46,364
  48,545
  50,844
  53,264
  55,813
  58,495
  61,318
  64,287
  67,411
Operating income, $m
  888
  929
  954
  982
  1,014
  1,049
  1,088
  1,130
  1,176
  1,225
  1,278
  1,485
  1,546
  1,610
  1,678
  1,750
  1,827
  1,908
  1,994
  2,085
  2,181
  2,282
  2,389
  2,501
  2,619
  2,744
  2,875
  3,013
  3,159
  3,312
  3,473
EBITDA, $m
  1,031
  1,192
  1,219
  1,250
  1,285
  1,324
  1,367
  1,414
  1,464
  1,518
  1,577
  1,639
  1,706
  1,776
  1,852
  1,932
  2,016
  2,106
  2,201
  2,301
  2,406
  2,518
  2,636
  2,760
  2,890
  3,028
  3,173
  3,325
  3,486
  3,654
  3,832
Interest expense (income), $m
  184
  197
  204
  213
  223
  234
  246
  259
  273
  289
  306
  324
  343
  363
  385
  409
  433
  460
  487
  517
  547
  580
  615
  651
  689
  730
  772
  817
  864
  914
  966
Earnings before tax, $m
  702
  732
  749
  769
  791
  816
  842
  871
  903
  936
  972
  1,162
  1,203
  1,246
  1,293
  1,342
  1,394
  1,449
  1,507
  1,569
  1,633
  1,702
  1,774
  1,850
  1,930
  2,014
  2,103
  2,196
  2,295
  2,398
  2,507
Tax expense, $m
  270
  198
  202
  208
  214
  220
  227
  235
  244
  253
  263
  314
  325
  337
  349
  362
  376
  391
  407
  423
  441
  459
  479
  499
  521
  544
  568
  593
  620
  647
  677
Net income, $m
  431
  534
  547
  561
  578
  595
  615
  636
  659
  683
  710
  848
  878
  910
  944
  980
  1,018
  1,058
  1,100
  1,145
  1,192
  1,242
  1,295
  1,350
  1,409
  1,470
  1,535
  1,603
  1,675
  1,751
  1,830

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  65
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  10,060
  10,195
  10,429
  10,697
  10,998
  11,332
  11,698
  12,096
  12,527
  12,992
  13,490
  14,024
  14,593
  15,199
  15,843
  16,526
  17,251
  18,017
  18,828
  19,685
  20,589
  21,543
  22,550
  23,611
  24,728
  25,906
  27,145
  28,450
  29,823
  31,267
  32,786
Adjusted assets (=assets-cash), $m
  9,995
  10,195
  10,429
  10,697
  10,998
  11,332
  11,698
  12,096
  12,527
  12,992
  13,490
  14,024
  14,593
  15,199
  15,843
  16,526
  17,251
  18,017
  18,828
  19,685
  20,589
  21,543
  22,550
  23,611
  24,728
  25,906
  27,145
  28,450
  29,823
  31,267
  32,786
Revenue / Adjusted assets
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
  2.162
Average production assets, $m
  3,274
  3,350
  3,427
  3,515
  3,614
  3,724
  3,844
  3,975
  4,117
  4,269
  4,433
  4,609
  4,796
  4,995
  5,206
  5,431
  5,669
  5,921
  6,187
  6,469
  6,766
  7,080
  7,410
  7,759
  8,126
  8,513
  8,921
  9,349
  9,800
  10,275
  10,774
Working capital, $m
  -1,114
  1,499
  1,533
  1,573
  1,617
  1,666
  1,720
  1,778
  1,842
  1,910
  1,983
  2,062
  2,145
  2,234
  2,329
  2,430
  2,536
  2,649
  2,768
  2,894
  3,027
  3,167
  3,315
  3,471
  3,635
  3,809
  3,991
  4,183
  4,384
  4,597
  4,820
Total debt, $m
  4,261
  4,351
  4,531
  4,737
  4,969
  5,225
  5,506
  5,813
  6,144
  6,502
  6,885
  7,295
  7,733
  8,199
  8,694
  9,220
  9,777
  10,366
  10,990
  11,648
  12,344
  13,078
  13,852
  14,668
  15,527
  16,432
  17,386
  18,389
  19,445
  20,555
  21,724
Total liabilities, $m
  7,750
  7,840
  8,020
  8,226
  8,458
  8,714
  8,995
  9,302
  9,633
  9,991
  10,374
  10,784
  11,222
  11,688
  12,183
  12,709
  13,266
  13,855
  14,479
  15,137
  15,833
  16,567
  17,341
  18,157
  19,016
  19,921
  20,875
  21,878
  22,934
  24,044
  25,213
Total equity, $m
  2,310
  2,355
  2,409
  2,471
  2,541
  2,618
  2,702
  2,794
  2,894
  3,001
  3,116
  3,239
  3,371
  3,511
  3,660
  3,818
  3,985
  4,162
  4,349
  4,547
  4,756
  4,977
  5,209
  5,454
  5,712
  5,984
  6,271
  6,572
  6,889
  7,223
  7,574
Total liabilities and equity, $m
  10,060
  10,195
  10,429
  10,697
  10,999
  11,332
  11,697
  12,096
  12,527
  12,992
  13,490
  14,023
  14,593
  15,199
  15,843
  16,527
  17,251
  18,017
  18,828
  19,684
  20,589
  21,544
  22,550
  23,611
  24,728
  25,905
  27,146
  28,450
  29,823
  31,267
  32,787
Debt-to-equity ratio
  1.845
  1.850
  1.880
  1.920
  1.960
  2.000
  2.040
  2.080
  2.120
  2.170
  2.210
  2.250
  2.290
  2.340
  2.380
  2.420
  2.450
  2.490
  2.530
  2.560
  2.600
  2.630
  2.660
  2.690
  2.720
  2.750
  2.770
  2.800
  2.820
  2.850
  2.870
Adjusted equity ratio
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231
  0.231

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  431
  534
  547
  561
  578
  595
  615
  636
  659
  683
  710
  848
  878
  910
  944
  980
  1,018
  1,058
  1,100
  1,145
  1,192
  1,242
  1,295
  1,350
  1,409
  1,470
  1,535
  1,603
  1,675
  1,751
  1,830
Depreciation, amort., depletion, $m
  143
  263
  265
  268
  272
  275
  279
  284
  288
  293
  299
  154
  160
  166
  174
  181
  189
  197
  206
  216
  226
  236
  247
  259
  271
  284
  297
  312
  327
  343
  359
Funds from operations, $m
  484
  797
  812
  830
  849
  871
  894
  920
  947
  977
  1,009
  1,002
  1,038
  1,076
  1,117
  1,161
  1,206
  1,255
  1,306
  1,361
  1,418
  1,478
  1,542
  1,609
  1,680
  1,754
  1,832
  1,915
  2,002
  2,093
  2,189
Change in working capital, $m
  -32
  29
  34
  39
  44
  49
  54
  59
  63
  68
  73
  78
  84
  89
  95
  100
  106
  113
  119
  126
  133
  140
  148
  156
  164
  173
  182
  192
  202
  212
  223
Cash from operations, $m
  516
  767
  778
  790
  805
  822
  840
  861
  884
  909
  935
  923
  954
  987
  1,023
  1,060
  1,100
  1,142
  1,187
  1,235
  1,285
  1,338
  1,394
  1,453
  1,515
  1,581
  1,650
  1,723
  1,800
  1,881
  1,966
Maintenance CAPEX, $m
  0
  -109
  -112
  -114
  -117
  -120
  -124
  -128
  -133
  -137
  -142
  -148
  -154
  -160
  -166
  -174
  -181
  -189
  -197
  -206
  -216
  -226
  -236
  -247
  -259
  -271
  -284
  -297
  -312
  -327
  -343
New CAPEX, $m
  -245
  -76
  -77
  -88
  -99
  -110
  -120
  -131
  -142
  -153
  -164
  -175
  -187
  -199
  -212
  -225
  -238
  -252
  -266
  -282
  -297
  -314
  -331
  -349
  -367
  -387
  -407
  -429
  -451
  -475
  -499
Cash from investing activities, $m
  -490
  -185
  -189
  -202
  -216
  -230
  -244
  -259
  -275
  -290
  -306
  -323
  -341
  -359
  -378
  -399
  -419
  -441
  -463
  -488
  -513
  -540
  -567
  -596
  -626
  -658
  -691
  -726
  -763
  -802
  -842
Free cash flow, $m
  26
  582
  589
  588
  589
  592
  596
  602
  610
  619
  629
  600
  614
  628
  644
  662
  681
  701
  723
  747
  772
  799
  827
  857
  889
  923
  959
  997
  1,037
  1,079
  1,124
Issuance/(repayment) of debt, $m
  316
  155
  180
  206
  231
  256
  281
  306
  332
  357
  383
  410
  438
  466
  495
  526
  557
  590
  623
  659
  696
  734
  774
  816
  860
  905
  953
  1,003
  1,056
  1,111
  1,168
Issuance/(repurchase) of shares, $m
  -491
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -36
  155
  180
  206
  231
  256
  281
  306
  332
  357
  383
  410
  438
  466
  495
  526
  557
  590
  623
  659
  696
  734
  774
  816
  860
  905
  953
  1,003
  1,056
  1,111
  1,168
Total cash flow (excl. dividends), $m
  -9
  737
  769
  794
  820
  848
  877
  908
  941
  976
  1,013
  1,010
  1,051
  1,094
  1,140
  1,188
  1,238
  1,291
  1,347
  1,406
  1,468
  1,533
  1,601
  1,673
  1,749
  1,829
  1,912
  2,000
  2,093
  2,190
  2,292
Retained Cash Flow (-), $m
  39
  -45
  -54
  -62
  -70
  -77
  -85
  -92
  -100
  -107
  -115
  -123
  -131
  -140
  -149
  -158
  -167
  -177
  -187
  -198
  -209
  -220
  -232
  -245
  -258
  -272
  -286
  -301
  -317
  -334
  -351
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  692
  715
  732
  751
  771
  793
  816
  842
  869
  897
  887
  920
  954
  991
  1,030
  1,071
  1,114
  1,160
  1,208
  1,259
  1,312
  1,369
  1,428
  1,491
  1,557
  1,626
  1,699
  1,776
  1,856
  1,941
Discount rate, %
 
  9.90
  10.40
  10.91
  11.46
  12.03
  12.64
  13.27
  13.93
  14.63
  15.36
  16.13
  16.93
  17.78
  18.67
  19.60
  20.58
  21.61
  22.69
  23.83
  25.02
  26.27
  27.58
  28.96
  30.41
  31.93
  33.52
  35.20
  36.96
  38.81
  40.75
PV of cash for distribution, $m
 
  630
  587
  537
  486
  437
  388
  341
  296
  254
  215
  171
  141
  114
  90
  70
  54
  40
  29
  21
  14
  10
  6
  4
  3
  2
  1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

AutoNation, Inc. (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. It operates through three segments: Domestic, Import and Premium Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and FCA US. The Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured by Mercedes-Benz, BMW, Audi and Lexus.

FINANCIAL RATIOS  of  AutoNation (AN)

Valuation Ratios
P/E Ratio 10.3
Price to Sales 0.2
Price to Book 1.9
Price to Tangible Book
Price to Cash Flow 8.6
Price to Free Cash Flow 16.4
Growth Rates
Sales Growth Rate 3.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -1.2%
Cap. Spend. - 3 Yr. Gr. Rate 8.8%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 69.7%
Total Debt to Equity 184.5%
Interest Coverage 5
Management Effectiveness
Return On Assets 5.6%
Ret/ On Assets - 3 Yr. Avg. 5.9%
Return On Total Capital 6.9%
Ret/ On T. Cap. - 3 Yr. Avg. 7.8%
Return On Equity 18.5%
Return On Equity - 3 Yr. Avg. 19.6%
Asset Turnover 2.2
Profitability Ratios
Gross Margin 15.3%
Gross Margin - 3 Yr. Avg. 15.5%
EBITDA Margin 4.8%
EBITDA Margin - 3 Yr. Avg. 4.8%
Operating Margin 4.1%
Oper. Margin - 3 Yr. Avg. 4.2%
Pre-Tax Margin 3.2%
Pre-Tax Margin - 3 Yr. Avg. 3.4%
Net Profit Margin 2%
Net Profit Margin - 3 Yr. Avg. 2.1%
Effective Tax Rate 38.5%
Eff/ Tax Rate - 3 Yr. Avg. 38.5%
Payout Ratio 0%

AN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AN stock intrinsic value calculation we used $21609 million for the last fiscal year's total revenue generated by AutoNation. The default revenue input number comes from 2016 income statement of AutoNation. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AN stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.9%, whose default value for AN is calculated based on our internal credit rating of AutoNation, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of AutoNation.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AN stock the variable cost ratio is equal to 95.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for AN stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4.7% for AutoNation.

Corporate tax rate of 27% is the nominal tax rate for AutoNation. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AN stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AN are equal to 15.2%.

Life of production assets of 33.1 years is the average useful life of capital assets used in AutoNation operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AN is equal to 6.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2310 million for AutoNation - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 102.307 million for AutoNation is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of AutoNation at the current share price and the inputted number of shares is $4.5 billion.

RELATED COMPANIES Price Int.Val. Rating
LAD Lithia Motors 114.60 56.25  sell
GPI Group 1 Automo 69.44 75.06  buy
SAH Sonic Automoti 20.25 19.39  hold
ABG Asbury Automot 56.80 56.66  hold
PAG Penske Automot 45.37 33.91  hold
KMX CarMax 75.46 42.91  sell
RUSHA Rush Enterpris 46.00 3.65  str.sell

COMPANY NEWS

▶ EEOC sues AutoNation for alleged sex discrimination   [Oct-02-17 05:25PM  American City Business Journals]
▶ AutoNation Is in the Right Gear to Accelerate   [Sep-26-17 05:40PM  TheStreet.com]
▶ AutoNation Begins Preparations for Hurricane Irma   [Sep-06-17 01:23PM  Bloomberg Video]
▶ Still time to buy car stocks: 5 trades   [Aug-31-17 05:00PM  CNBC Videos]
▶ Trading autos after Harvey: 5 picks   [Aug-30-17 05:00PM  CNBC Videos]
▶ Yahoo Finance Live: Market Movers - Aug 30th, 2017   [07:20AM  Yahoo Finance Video]
▶ Hundreds of Texas Car Dealerships Closed in Wake of Harvey   [Aug-28-17 05:41PM  The Wall Street Journal]
▶ Bear of the Day: Autonation (AN)   [07:00AM  Zacks]
▶ AutoNation Turns Away From New-Car Makers as Margins Slip   [12:48AM  The Wall Street Journal]
▶ AutoNation misses Street 2Q forecasts   [Aug-02-17 10:47PM  Associated Press]
▶ AutoNation Opens Used-Car Center as Margins Slip   [11:14AM  The Wall Street Journal]
▶ AutoNation misses Street 2Q forecasts   [07:44AM  Associated Press]
▶ Boyar Value Group 2nd Quarter Commentary   [Jul-25-17 01:51PM  GuruFocus.com]
▶ ETFs with exposure to AutoNation, Inc. : July 24, 2017   [Jul-24-17 01:59PM  Capital Cube]
▶ ETFs with exposure to AutoNation, Inc. : July 14, 2017   [Jul-14-17 12:46PM  Capital Cube]
▶ Top components of the XRT   [Jul-12-17 10:01AM  CNBC Videos]
▶ Trade of the Day: AutoNation, Inc. (AN)   [Jul-06-17 09:02AM  InvestorPlace]
▶ Bear of the Day: AutoNation (AN)   [07:00AM  Zacks]
▶ ETFs with exposure to AutoNation, Inc. : June 15, 2017   [Jun-15-17 01:02PM  Capital Cube]
▶ Fed Rates: Live Blog   [03:19PM  TheStreet.com]
▶ AutoNation, Inc. Value Analysis (NYSE:AN) : June 13, 2017   [Jun-13-17 01:16PM  Capital Cube]
▶ Best Low-P/E Stocks to Buy in June   [Jun-12-17 11:35AM  Motley Fool]
▶ AutoNation appoints new COO   [11:55AM  American City Business Journals]
Financial statements of AN
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.