AutoNation Piotroski F Score

AN
 Stock
  

USD 121.05  0.12  0.1%   

This module uses fundamental data of AutoNation to approximate its Piotroski F score. AutoNation F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of AutoNation. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about AutoNation financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Please continue to AutoNation Altman Z Score, AutoNation Correlation, AutoNation Valuation, as well as analyze AutoNation Alpha and Beta and AutoNation Hype Analysis.
  
AutoNation Debt Current is quite stable at the moment as compared to the past year. The company's current value of Debt Current is estimated at 418.21 Million. Issuance Repayment of Debt Securities is expected to rise to about 653 M this year, although the value of Total Debt will most likely fall to about 3.2 B. AutoNation Cash and Equivalents Turnover is quite stable at the moment as compared to the past year. The company's current value of Cash and Equivalents Turnover is estimated at 84.20. Return on Investment is expected to rise to 37.63 this year, although the value of Long Term Debt to Equity will most likely fall to 1.10.
At this time, it appears that AutoNation's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
5.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthDecreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesIncreaseFocus
9
Change in Gross MarginNo ChangeFocus

AutoNation Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to AutoNation is to make sure AutoNation is not a subject of accounting manipulations and runs a healthy internal audit department. So, if AutoNation's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if AutoNation's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted103.9 M75 M
Significantly Up
Decreasing
Slightly volatile
Weighted Average Shares102.8 M74.2 M
Significantly Up
Decreasing
Slightly volatile
Return on Average Assets15.7314.5825
Significantly Up
Increasing
Slightly volatile
Net Cash Flow from Operations1.8 B1.6 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities3.4 B3.1 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities6.2 B6.6 B
Notably Down
Increasing
Slightly volatile
Gross Margin16.9819.1634
Fairly Down
Increasing
Slightly volatile
Total Debt3.2 B3.5 B
Significantly Down
Increasing
Slightly volatile
Asset Turnover2.742.7449
Slightly Down
Increasing
Stable
Current Assets3.1 B2.8 B
Moderately Up
Increasing
Stable
Total Assets8.4 B8.9 B
Notably Down
Increasing
Slightly volatile

AutoNation F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between AutoNation's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards AutoNation in a much-optimized way.

About AutoNation Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Operating Margin

7.94

AutoNation Operating Margin is quite stable at the moment as compared to the past year. The company's current value of Operating Margin is estimated at 7.94

AutoNation Current Valuation Drivers

We derive many important indicators used in calculating different scores of AutoNation from analyzing AutoNation's financial statements. These drivers represent accounts that assess AutoNation's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of AutoNation's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee16.71 K15.23 K18 K17.62 K61.85 K66.73 K
Revenue Per Employee828.25 K823.57 K853.43 K941.4 K1.16 M961.74 K
Average Assets10.12 B10.32 B10.65 B9.86 B8.68 B9.65 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA1.02 B949.7 M1.04 B910.9 M2.13 B2.29 B
Earnings Before Interest Taxes and Depreciation Amortization USD1.01 B945.5 M1.04 B906.3 M2.12 B1.71 B
Earnings before Tax636.1 M529.5 M611.8 M549.9 M1.81 B1.95 B
Average Equity2.38 B2.58 B2.96 B3.14 B2.7 B2.78 B
Enterprise Value7.49 B5.73 B6.87 B8.18 B10.53 B10.01 B
Free Cash Flow247.7 M110.2 M499.9 M1.05 B1.41 B1.52 B
Invested Capital5.17 B5.45 B5.73 B5.83 B7.3 B6.83 B
Invested Capital Average4.7 B5.35 B5.69 B6.09 B6.4 B6.25 B
Market Capitalization4.68 B3.21 B4.34 B6.13 B7.66 B7.21 B
Tangible Asset Value8.17 B8.56 B8.46 B8.18 B6.96 B7.85 B
Working Capital(838.2 M)(774.1 M)(689.1 M)(13.2 M)(248.1 M)(267.69 M)

About AutoNation Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze AutoNation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AutoNation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AutoNation based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. AutoNation, Inc. was founded in 1991 and is headquartered in Fort Lauderdale, Florida. Autonation operates under Auto Truck Dealerships classification in the United States and is traded on New York Stock Exchange. It employs 22200 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in AutoNation without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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

+0.79GPIGroup 1 Automotive Normal TradingPairCorr
+0.79LADLithia Motors Downward RallyPairCorr
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 equities. 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
Please continue to AutoNation Altman Z Score, AutoNation Correlation, AutoNation Valuation, as well as analyze AutoNation Alpha and Beta and AutoNation Hype Analysis. You can also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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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 YOY
0.23
Market Capitalization
B
Quarterly Revenue Growth YOY
0.045
Return On Assets
0.15
Return On Equity
0.64
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 AutoNation value 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.