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AutoNation, Inc.AutoNation, Inc.AutoNation, Inc.

AutoNation, Inc.

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AN trade ideas

Monitoring to Entry – AN/PAGThis pair was added to our Awaiting Confirmation list on April 16 , after showing a potential setup for a long position based on price deviation. As of April 17 , the setup evolved further: The pair Started below the lower Bollinger Band , suggesting continued price dislocation. Stochastic %K and %D were both under 20 , indicating an Oversold condition. ADX = 12.0 – signaling a sideways market, favorable for mean reversion. DI-/DI+ ratio = 1.86 – still shows dominance of sellers, but that value improved (decreased) from the previous day. A strong bullish candle appeared, reinforcing the shift in momentum. Conclusion: Although not all indicators were aligned perfectly, the price structure and early momentum reversal were enough for me to trigger a long entry as of April 17. Now, I am monitoring this position with close attention to DI dynamics and further stochastic confirmation.
NYSE:ANLong
by YoavShachak
Stay Ahead of the Game With AutoNation (AN) Stay Ahead of the Game With AutoNation (AN) Q1 Earnings: Wall Street's Insights on Key Metrics Wall Street analysts expect AutoNation (AN) to post quarterly earnings of $4.45 per share in its upcoming report, which indicates a year-over-year decline of 26.5%. Revenues are expected to be $6.5 billion, up 1.5% from the year-ago quarter. The consensus EPS estimate for the quarter has undergone a downward revision of 0.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
NYSE:ANLong
by Khairil_Anuar
AN.NYS_Swim Trading VZ Breakout_LongENTRY: 119.12 SL: 109.38 TP1: 132 TP2: 136 - ADX<20. Would like to be higher. - RSI>50, <70 - Maintaining well at pivot point "P". - Entry based on breakout from VZ yesterday. - Strength meter turned green indicating strength. - 21 Jul 2021 and 17 Sep 2021 shows high volume green candle and retracement under lower volume which indicates buyers in control. - 21 Oct 2021 shows high volume green (after earnings result) and currently retracing under lower volume which is a good sign. - Bounced off 61.8% and then 50% fib level. Uptrend should still be intact. - Higher highs and lows as well. - Once go above HVN, it should resume movement upwards.
NYSE:ANLong
by TRADER-WANNA-BE
BUY AUTONATION (AN) for a move up to $150 per shareDear followers & copiers, 💎We've just opened a LONG $AN (AutoNation) position using 3.10% of our equity. 💎 Why we bought the stock?🙋‍♂️ ✅AutoNation delivered better than expected financial performance result for the fifth consecutive time in its Q2 2021 Earnings report. 🥇The company has managed to diversify its portfolio of products very well throughout the last few years, which in turn has drastically lowered its overall risk profile. A well-balanced portfolio of products is also a great long-term stability indicator for the company's position in the industry that it operates in. 🚀What we find extremely attractive from a Growth standpoint is that $AN Auto Nation has been deploying substantial efforts in solidifying its strong footprint as an industry leader by introducing a new digital platform called AutoNation Express, further developing its already large dealer network and last but not least investing heavily in its store expansion program. 💯The outstanding ability of the senior management team at $AN Auto Nation and the company's CEO Mike Jackson are inevitably going to drive profitability even higher in the coming quarters. ⏳The company is in the process of completing a buyout of 11 stores and a collision center from Peacock Automotive Group, which will drastically improve AutoNation’s portfolio and add $380 million in its annual revenues. 📈AutoNation has also demonstrated that one of the company's core focus points continues to be on the efforts of improving the company's already stable financial position. The operating margins have been very positively affected by the disciplined application of insightful cost reduction and management strategies. AutoNation is committed to operate below or at 65% SG&A as a percentage of gross profit in 2021, signaling a major improvement from its 71%-73% range over the last several years. Its adjusted SG&A as a percentage of gross profit was 56.5% in the last reported quarter, representing an 1,170-basis point improvement year over year. 🤩The company's financial position is also impressive with the combination of a strong balance sheet, low leverage and high liquidity. The firm’s debt-to-capital ratio stands at 0.36, which is another sign that the company possesses plenty of financial flexibility. 📈Technical Picture📈 The stock has experienced a rather meaningful 25% retracement from the $125 per share highs and is currently sitting in an oversold territory at a multi-year support area, which is favoring LONG positions. All of the indicators that we monitor are also turning up higher, signaling the building up of bullish momentum in the stock. The first major resistance that the stock will face and in our opinion will definitely break through is around the $125 area. Once the previous highs are broken then the stock will be easily heading higher towards the next round level of $150 per share. 👌Our plan is to hold the stock for the long term with a potential Target price level of $150 per share. Follow & Copy us for FREE and get more detailed market analyses, profitable trading ideas and consistent portfolio performance🤝 Sincerely, Dow Experts
NYSE:ANLong
by DowExperts
1
pandemic is overdealerships weren't doing great pre-pandemic, then everyone needed a car to travel. The chart says it all. Amazing picture of demand. But now everyone jetting jabbed, flights are getting booked, less people driving to vacay with $3/gallon gas, and Uber is getting back online for commuters. I personally think dealerships are in their last months/years. As new vehicle makers come online selling direct to buyers and the model transforming to buying vehicles on your phone & having them delivered, nobody gives a crap about 'dealing' with these sprawling entities that hoard massive real estate to park vehicles getting cooked under UV 11 index. Dealerships suck, they aren't needed in the near to mid future, yet here they exist trading at ATH. A few more quarters and this could be the beginning of the best short going into 2025. For now, however, trend still intact. P/E is fair vs the market. Considering a bit of scalping until EV makers finally start delivering. July calls.
NYSE:AN
by UnknownUnicorn15571923
1