Autonation is expected to report earnings on Jul. 19. The stock is now trading 3% below the 107.09 buy point from a third-stage consolidation that it cleared earlier.
Be aware that buying close to when a stock reports is risky. You don't know how the stock will report and how the market will react, and you don't have enough time to build a profit cushion. You can reduce your exposure by waiting to see the actual numbers and the market's reaction.
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Top and bottom line growth moved higher last quarter. Earnings were up 207%, compared to 94% in the prior report. Revenue increased from 4% to 27%.
Analysts are looking for earnings growth of 89% for the quarter, and 46% growth for the full year.
Autonation has a 94 Composite Rating and earns the No. 1 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Lithia Motors and Asbury Automotive are also among the group's highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
