Qube Research & Technologies Ltd Decreases Stock Position in AutoNation, Inc. (NYSE:AN)

Qube Research & Technologies Ltd lessened its stake in AutoNation, Inc. (NYSE:ANGet Rating) by 56.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,521 shares of the company’s stock after selling 170,507 shares during the quarter. Qube Research & Technologies Ltd owned about 0.22% of AutoNation worth $13,196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AN. Marshall Wace LLP boosted its holdings in AutoNation by 745.6% in the 4th quarter. Marshall Wace LLP now owns 769,812 shares of the company’s stock worth $89,950,000 after acquiring an additional 678,780 shares during the period. Goldman Sachs Group Inc. boosted its holdings in AutoNation by 73.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,166,834 shares of the company’s stock worth $136,345,000 after acquiring an additional 495,490 shares during the period. Millennium Management LLC boosted its holdings in AutoNation by 97.2% in the 4th quarter. Millennium Management LLC now owns 617,354 shares of the company’s stock worth $72,138,000 after acquiring an additional 304,243 shares during the period. Pacer Advisors Inc. boosted its stake in shares of AutoNation by 229.4% during the 1st quarter. Pacer Advisors Inc. now owns 425,016 shares of the company’s stock valued at $42,323,000 after buying an additional 296,008 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its stake in shares of AutoNation by 141.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 314,388 shares of the company’s stock valued at $36,736,000 after buying an additional 184,275 shares during the last quarter. Hedge funds and other institutional investors own 84.44% of the company’s stock.

Insiders Place Their Bets

In other AutoNation news, major shareholder Edward S. Lampert sold 1,290 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $120.56, for a total value of $155,522.40. Following the sale, the insider now directly owns 8,744,229 shares of the company’s stock, valued at $1,054,204,248.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Edward S. Lampert sold 1,290 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $120.56, for a total value of $155,522.40. Following the completion of the transaction, the insider now owns 8,744,229 shares of the company’s stock, valued at $1,054,204,248.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert R. Grusky sold 1,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $120.23, for a total value of $120,230.00. Following the completion of the transaction, the director now directly owns 49,584 shares of the company’s stock, valued at approximately $5,961,484.32. The disclosure for this sale can be found here. Insiders have sold 700,867 shares of company stock valued at $79,891,112 over the last three months. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AN. Stephens increased their target price on AutoNation to $130.00 in a research note on Monday, July 25th. Seaport Res Ptn upgraded AutoNation from a “neutral” rating to a “buy” rating in a research note on Monday, July 25th. Morgan Stanley reduced their target price on AutoNation from $107.00 to $104.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. Guggenheim increased their target price on AutoNation from $205.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, July 22nd. Finally, JPMorgan Chase & Co. reduced their target price on AutoNation from $150.00 to $135.00 in a research note on Friday, July 15th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.29.

AutoNation Stock Performance

AN stock opened at $120.85 on Friday. AutoNation, Inc. has a 12-month low of $96.56 and a 12-month high of $133.48. The company has a current ratio of 1.13, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The stock’s 50 day simple moving average is $116.30 and its 200 day simple moving average is $112.70. The firm has a market cap of $6.77 billion, a P/E ratio of 5.20, a P/E/G ratio of 0.20 and a beta of 1.11.

AutoNation (NYSE:ANGet Rating) last issued its earnings results on Thursday, July 21st. The company reported $6.48 earnings per share for the quarter, topping the consensus estimate of $5.96 by $0.52. AutoNation had a return on equity of 62.96% and a net margin of 5.59%. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same period last year, the company earned $4.83 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities research analysts predict that AutoNation, Inc. will post 24.25 EPS for the current year.

AutoNation Company Profile

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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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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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