AutoNation Current Ratio from 2010 to 2024

AN Stock  USD 165.58  1.88  1.12%   
AutoNation Current Ratio yearly trend continues to be very stable with very little volatility. Current Ratio is likely to grow to 1.28 this year. Current Ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. View All Fundamentals
 
Current Ratio  
First Reported
2010-12-31
Previous Quarter
0.77150022
Current Value
1.28
Quarterly Volatility
0.14258954
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check AutoNation financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AutoNation main balance sheet or income statement drivers, such as Depreciation And Amortization of 177.9 M, Interest Expense of 97.3 M or Total Revenue of 15.7 B, as well as many exotic indicators such as Price Earnings Ratio of 7.81, Price To Sales Ratio of 0.24 or Dividend Yield of 0.48. AutoNation financial statements analysis is a perfect complement when working with AutoNation Valuation or Volatility modules.
  
This module can also supplement AutoNation's financial leverage analysis and stock options assessment as well as various AutoNation Technical models . Check out the analysis of AutoNation Correlation against competitors.
To learn how to invest in AutoNation Stock, please use our How to Invest in AutoNation guide.

Latest AutoNation's Current Ratio Growth Pattern

Below is the plot of the Current Ratio of AutoNation over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. AutoNation's Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AutoNation's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 1.05 X10 Years Trend
Very volatile
   Current Ratio   
       Timeline  

AutoNation Current Ratio Regression Statistics

Arithmetic Mean0.94
Geometric Mean0.93
Coefficient Of Variation15.18
Mean Deviation0.11
Median0.92
Standard Deviation0.14
Sample Variance0.02
Range0.5657
R-Value0.1
Mean Square Error0.02
R-Squared0.01
Significance0.73
Slope0
Total Sum of Squares0.28

AutoNation Current Ratio History

2024 1.28
2023 0.77
2021 0.92
2020 1.0
2018 0.86
2017 0.85
2016 0.81

About AutoNation Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include AutoNation income statement, its balance sheet, and the statement of cash flows. AutoNation investors use historical funamental indicators, such as AutoNation's Current Ratio, to determine how well the company is positioned to perform in the future. Although AutoNation investors may use each financial statement separately, they are all related. The changes in AutoNation's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on AutoNation's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on AutoNation Financial Statements. Understanding these patterns can help to make the right decision on long term investment in AutoNation. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Current Ratio 0.77  1.28 

Pair Trading with AutoNation

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AutoNation position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AutoNation will appreciate offsetting losses from the drop in the long position's value.

Moving together with AutoNation Stock

  0.64HD Home Depot Financial Report 21st of May 2024 PairCorr
  0.81BBY Best Buy Financial Report 23rd of May 2024 PairCorr

Moving against AutoNation Stock

  0.48PDD Pinduoduo Financial Report 24th of May 2024 PairCorr
The ability to find closely correlated positions to AutoNation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AutoNation when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AutoNation - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AutoNation to buy it.
The correlation of AutoNation is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AutoNation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AutoNation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AutoNation can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether AutoNation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AutoNation's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Autonation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Autonation Stock:
Check out the analysis of AutoNation Correlation against competitors.
To learn how to invest in AutoNation Stock, please use our How to Invest in AutoNation guide.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for AutoNation Stock analysis

When running AutoNation's price analysis, check to measure AutoNation's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AutoNation is operating at the current time. Most of AutoNation's value examination focuses on studying past and present price action to predict the probability of AutoNation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AutoNation's price. Additionally, you may evaluate how the addition of AutoNation to your portfolios can decrease your overall portfolio volatility.
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Is AutoNation's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AutoNation. If investors know AutoNation will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AutoNation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.12)
Earnings Share
22.72
Revenue Per Share
604.235
Quarterly Revenue Growth
0.011
Return On Assets
0.0937
The market value of AutoNation is measured differently than its book value, which is the value of AutoNation that is recorded on the company's balance sheet. Investors also form their own opinion of AutoNation's value that differs from its market value or its book value, called intrinsic value, which is AutoNation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AutoNation's market value can be influenced by many factors that don't directly affect AutoNation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AutoNation's value and its price as these two are different measures arrived at by different means. Investors typically determine if AutoNation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AutoNation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.