AutoNation, Inc. (NYSE:AN) Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $47.76, for a total value of $238,800.00. Following the completion of the transaction, the director now directly owns 29,213 shares in the company, valued at $1,395,212.88. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of AutoNation, Inc. (NYSE:AN) opened at 47.17 on Tuesday. AutoNation, Inc. has a 52 week low of $39.28 and a 52 week high of $54.15. The stock has a market capitalization of $4.76 billion, a PE ratio of 11.37 and a beta of 1.05. The company’s 50 day moving average price is $50.59 and its 200-day moving average price is $48.07.
AutoNation (NYSE:AN) last released its earnings results on Friday, February 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.18. AutoNation had a return on equity of 19.32% and a net margin of 1.99%. The company had revenue of $5.50 billion for the quarter, compared to analysts’ expectations of $5.58 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that AutoNation, Inc. will post $4.03 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in AN. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in AutoNation by 20.6% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 19,464 shares of the company’s stock valued at $914,000 after buying an additional 3,328 shares during the last quarter. Amalgamated Bank boosted its position in AutoNation by 15.4% in the second quarter. Amalgamated Bank now owns 10,066 shares of the company’s stock valued at $498,000 after buying an additional 1,345 shares during the last quarter. Legal & General Group Plc boosted its position in AutoNation by 9.3% in the second quarter. Legal & General Group Plc now owns 306,041 shares of the company’s stock valued at $14,376,000 after buying an additional 25,933 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in AutoNation by 7.0% in the second quarter. Artisan Partners Limited Partnership now owns 2,359,789 shares of the company’s stock valued at $110,863,000 after buying an additional 155,399 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its position in AutoNation by 188.0% in the second quarter. Burgundy Asset Management Ltd. now owns 3,195,184 shares of the company’s stock valued at $150,110,000 after buying an additional 2,085,806 shares during the last quarter. Institutional investors own 66.90% of the company’s stock.
AN has been the topic of a number of research analyst reports. TheStreet raised AutoNation from a “hold” rating to a “buy” rating in a report on Wednesday, January 4th. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 price target on shares of AutoNation in a report on Monday, February 6th. Evercore ISI downgraded AutoNation from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Susquehanna Bancshares Inc began coverage on AutoNation in a research note on Thursday, February 2nd. They issued a “neutral” rating and a $49.00 price objective on the stock. Finally, Bank of America Corporation downgraded AutoNation from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Monday, October 31st. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $49.67.
AutoNation Company Profile
AutoNation, Inc is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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