TrimTabs Asset Management LLC trimmed its stake in shares of AutoNation, Inc. (NYSE:AN) by 39.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,019 shares of the company’s stock after selling 11,622 shares during the period. TrimTabs Asset Management LLC’s holdings in AutoNation were worth $1,682,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in AutoNation by 7,502.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,372,513 shares of the company’s stock valued at $165,578,000 after purchasing an additional 2,341,304 shares in the last quarter. AQR Capital Management LLC lifted its holdings in AutoNation by 30.5% during the third quarter. AQR Capital Management LLC now owns 1,672,809 shares of the company’s stock valued at $88,358,000 after purchasing an additional 390,731 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of AutoNation by 9.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 698,094 shares of the company’s stock valued at $48,720,000 after buying an additional 60,826 shares during the last quarter. Norges Bank acquired a new stake in shares of AutoNation in the fourth quarter valued at about $47,569,000. Finally, Bank of New York Mellon Corp raised its position in shares of AutoNation by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 658,269 shares of the company’s stock valued at $45,941,000 after buying an additional 3,839 shares during the last quarter. 63.36% of the stock is currently owned by institutional investors and hedge funds.
AutoNation stock traded down $0.49 during trading on Thursday, reaching $90.25. The stock had a trading volume of 3,524 shares, compared to its average volume of 749,458. AutoNation, Inc. has a 52-week low of $27.04 and a 52-week high of $96.20. The business has a 50 day moving average price of $85.60 and a 200 day moving average price of $70.75. The company has a quick ratio of 0.32, a current ratio of 0.98 and a debt-to-equity ratio of 0.53. The stock has a market cap of $7.44 billion, a PE ratio of 20.67, a P/E/G ratio of 1.22 and a beta of 1.57.
A number of equities research analysts have recently commented on the stock. Truist increased their target price on shares of AutoNation from $73.00 to $80.00 in a research report on Thursday, February 18th. Morgan Stanley increased their target price on shares of AutoNation from $56.00 to $60.00 and gave the company an “underweight” rating in a research report on Thursday, February 25th. Finally, JPMorgan Chase & Co. cut shares of AutoNation from an “overweight” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research report on Friday, January 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. AutoNation has an average rating of “Hold” and an average target price of $63.50.
In other AutoNation news, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction on Monday, March 8th. The shares were sold at an average price of $90.00, for a total value of $450,000.00. Following the transaction, the director now directly owns 53,392 shares of the company’s stock, valued at approximately $4,805,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Edward S. Lampert sold 3,989 shares of the business’s stock in a transaction on Friday, January 8th. The shares were sold at an average price of $76.10, for a total transaction of $303,562.90. The disclosure for this sale can be found here. Insiders sold a total of 293,373 shares of company stock worth $23,214,316 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.
AutoNation, Inc engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury, and Corporate & Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Chrysler.
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