Morning Buzz: AutoNation (AN), Tesla Motors (TSLA), Crocs (CROX), Twitter (TWTR), AutoZone (AZO)

Shares of AutoNation Inc. (AN) are up almost 6% to $54.94 in early trade Tuesday after the auto retailer reported 3Q (Sep) results that topped Wall Street expectations. EPS came in at $0.90 per share, or $0.04 better than consensus estimate of $0.86. Revenues also beat forecasts, rising 9.8% year-over-year to $4.91B versus the $4.79B consensus. The bottom line beat came amid expanding profits on used car sales.

On valuation-measures, shares of AutoNation have a trailing-12 and forward P/E of 16.89 and 13.90, respectively. P/E to growth ratio is 0.99, while t-12 profit margin is 2.19%. EPS registers at $3.25. The company has a market cap of $6.51B and a median Wall Street price target of $47.50 with a high target of $70.00.

On trading-measure, AN has a beta of 1.14 and a short float of 5.31%. In the past 52 weeks, shares of Fort Lauderdale, Florida-based company have traded between a low of $46.16 and a high of $61.29 with the 50-day MA and 200-day MA located at $51.05 and $54.52 levels, respectively.

AN has gained 4.63% year-to-date, and 6% in the last 12 months.

Tesla Motors (TSLA) is higher by approximately 4% this morning. The gains can be attributed to Tesla CEO Elon Musk who took to social media late Monday saying an article in the Wall Street Journal suggesting a Q3 sales decline is incorrect. TSLA will report its Q3 (Sept) results Wednesday, Nov. 5 after the close.

Tesla Motors gained $7.86 to $229.53 in morning trading today. Approximately 3.5M shares have already changed hands, compared to the stock’s average daily volume of 6,151,160 shares. The name has a market cap of $28.61B and a median Wall Street price target of $300.00 with a high target of $400.00.

In the past 52 weeks, shares of Palo Alto, California-based company have traded between a low of $116.10 and a high of $291.42 with the 50-day MA and 200-day MA located at $249.42 and $230.71 levels, respectively.

TSLA currently prints a one year return of about 30.66% and a year-to-date return of around 47.36%.

Crocs, Inc. (CROX) shares tumbled 5% in early trade Tuesday. The company on Monday reported Q3 results that beat EPS expectations by $0.16 compared to estimates of $0.14. The shoe retailer also beat on revenue which rose 4.8% year-over-year to $302.4M versus the $296.64M consensus. However, Crocs projected current quarter revenue below analyst estimates. It sees Q4 revenues of $200M to 210M versus $226.06M consensus estimate.

Crocs has a forward P/E of 16.64 and t-12 price-to-sales ratio of 0.86. EPS for the same period is ($0.36).

In the past 52 weeks, shares of Niwot, Colorado-based company have traded between a low of $11.33 and a high of $16.88 and are now at $11.58. Shares are down 11.18% year-over-year and 23.68% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

Twitter, Inc. (TWTR) stock is getting crushed, down 14%, shaving almost 7 points off its pps. The downside is an initial reaction to the company’s quarterly earnings. Twitter beat Wall Street estimates (EPS $0.01 vs $0.01 ; revenue $361.3M versus $351.59M Wall Street estimates), but traders seem to be more focused on disappointing user metrics. While the blogging-platform’s Q3 active users increased by 23%, its timeline views per user dropped 7%.

Following Twitter’s earnings results, Stifel downgraded the name to ‘Sell’ from ‘Hold’, while RBC Capital Markets downgraded it to ‘Sector Perform’ from ‘Outperform’, lowering their 12-month base case estimate to $47.00 from $65.00. Twitter was also downgraded to ‘Neutral’ from ‘Buy’ at Nomura. PT was lowered to $45 from $55.

On valuation measures, TWTR has a PEG and forward P/E ratio of 6.13 and 110.66, respectively. Price/Sales for the same period is 30.25 while EPS is ($2.04). Currently there are 18 analysts that rate TWTR a ‘Buy’, while 15 rate it a ‘Hold’. 1 analyst rates it a ‘Sell’. TWTR has a median Wall Street price target of $58.00 with a high target of $65.00.

In the past 52 weeks, shares of the Sunnyvale, California-based company have traded between a low of $29.51 and a high of $74.73 and are now at $42.28. Shares are down 33.21% year-to-date.

AutoZone, Inc. (AZO) – The Wall Street Journal reports the company has been subpoenaed in California over its handling of hazardous waste. The auto parts retailer said it is cooperating with authorities on the matter.

AZO shares recently gained $1.33 to $540.90. In the past 52 weeks, shares of Memphis, Tennessee-based company have traded between a low of $428.13 and a high of $561.62. Shares are up 25.64% year-over-year and 12.89% year-to-date.

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