AutoNation Historical Valuation
| AN Stock | USD 154.62 2.29 1.50% |
Some fundamental drivers such as market cap or AutoNation enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze AutoNation valuation indicators such as Working Capital of 0.0 or Enterprise Value of 11.9 B to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of AutoNation's future value.
AutoNation |
About AutoNation Valuation Data Analysis
Valuation is the financial process of determining what AutoNation is worth. AutoNation valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. AutoNation valuation ratios help investors to determine whether AutoNation Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AutoNation with respect to the benefits of owning AutoNation security.
AutoNation Valuation Data Chart
AutoNation valuation ratios help to determine how cheap or expensive it is, compared to its peers or based on some benchmark measure of value for a given date. A typical valuation ratio shows the difference between the cost of AutoNation equity instrument and the benefits of owning shares of AutoNation.
As of the 19th of April 2024, Enterprise Value is likely to grow to about 11.9 B, while Market Cap is likely to drop about 3.2 B. Enterprise Value
Enterprise Value (or EV) is usually referred to as AutoNation theoretical takeover price. In the event of an acquisition, an acquirer would have to take on AutoNation debt, but would also pocket its cash. Enterprise Value is more accurate representation of AutoNation value than its market capitalization because it takes into account all of AutoNation existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.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
| 0.79 | W | Wayfair Sell-off Trend | PairCorr |
Moving against AutoNation Stock
| 0.82 | BGI | Birks Group | PairCorr |
| 0.77 | AAN | Aarons Earnings Call This Week | PairCorr |
| 0.74 | BQ | Boqii Holding Limited | PairCorr |
| 0.71 | VSCO | Victorias Secret Financial Report 29th of May 2024 | PairCorr |
| 0.67 | FNKO | Funko Inc Financial Report 2nd 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AutoNation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in AutoNation Stock, please use our How to Invest in AutoNation guide.You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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 22.73 | 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.