AutoNation, Inc. (NYSE:AN) major shareholder Edward S. Lampert sold 214,149 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $45.08, for a total value of $9,653,836.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
NYSE AN opened at $44.19 on Tuesday. The stock has a market cap of $3.96 billion, a PE ratio of 10.40, a P/E/G ratio of 2.63 and a beta of 1.00. AutoNation, Inc. has a fifty-two week low of $32.83 and a fifty-two week high of $53.19. The business has a 50 day moving average price of $47.92 and a two-hundred day moving average price of $48.72. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.63.
AutoNation (NYSE:AN) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). The company had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.38 billion. AutoNation had a return on equity of 14.37% and a net margin of 1.82%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 EPS. Sell-side analysts anticipate that AutoNation, Inc. will post 4.51 EPS for the current fiscal year.
A number of equities analysts have weighed in on AN shares. ValuEngine cut AutoNation from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 20th. Cfra upgraded AutoNation from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Morgan Stanley upped their price target on AutoNation from $39.00 to $42.00 and gave the stock an “underweight” rating in a report on Tuesday, October 15th. Benchmark started coverage on AutoNation in a report on Thursday, January 9th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. upped their price target on AutoNation from $45.00 to $52.00 and gave the stock an “underweight” rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $45.18.
Several institutional investors have recently added to or reduced their stakes in AN. Morgan Stanley boosted its stake in shares of AutoNation by 7.5% during the 2nd quarter. Morgan Stanley now owns 233,014 shares of the company’s stock valued at $9,773,000 after buying an additional 16,166 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of AutoNation by 5.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 104,439 shares of the company’s stock valued at $4,380,000 after buying an additional 5,153 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in shares of AutoNation during the 2nd quarter valued at approximately $13,492,000. Eaton Vance Management boosted its stake in shares of AutoNation by 209.0% during the 2nd quarter. Eaton Vance Management now owns 18,601 shares of the company’s stock valued at $780,000 after buying an additional 12,582 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of AutoNation by 123.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the company’s stock valued at $43,000 after buying an additional 573 shares during the last quarter. Institutional investors own 64.21% of the company’s stock.
AutoNation Company Profile
AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.
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