Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of AutoNation, Inc. (NYSE:AN) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,800 shares of the company’s stock after acquiring an additional 1,900 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.09% of AutoNation worth $3,756,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in AN. DekaBank Deutsche Girozentrale boosted its position in shares of AutoNation by 8.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,826 shares of the company’s stock valued at $215,000 after purchasing an additional 372 shares during the period. Russell Investments Group Ltd. boosted its position in shares of AutoNation by 35.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 23,240 shares of the company’s stock valued at $981,000 after purchasing an additional 6,082 shares during the period. BlueCrest Capital Management Ltd acquired a new stake in AutoNation during the 2nd quarter worth approximately $2,304,000. Private Management Group Inc. lifted its position in AutoNation by 43.9% during the 2nd quarter. Private Management Group Inc. now owns 728,091 shares of the company’s stock worth $30,696,000 after acquiring an additional 222,267 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in AutoNation by 6.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 348,313 shares of the company’s stock worth $14,685,000 after acquiring an additional 21,198 shares during the period. 77.81% of the stock is owned by institutional investors and hedge funds.
In other news, major shareholder Edward S. Lampert sold 3,480 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $55.61, for a total transaction of $193,522.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Lance E. Iserman sold 5,886 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $52.46, for a total value of $308,779.56. Following the sale, the chief operating officer now owns 4,860 shares in the company, valued at approximately $254,955.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,733 shares of company stock worth $676,747. 3.10% of the stock is owned by insiders.
Shares of AutoNation, Inc. (AN) opened at $55.59 on Monday. The company has a market capitalization of $5,072.24, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 2.30 and a beta of 1.28. The company has a current ratio of 0.73, a quick ratio of 0.17 and a debt-to-equity ratio of 0.59. AutoNation, Inc. has a fifty-two week low of $38.20 and a fifty-two week high of $57.83.
AutoNation (NYSE:AN) last announced its earnings results on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.16. The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.58 billion. AutoNation had a return on equity of 16.40% and a net margin of 1.87%. AutoNation’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. equities research analysts forecast that AutoNation, Inc. will post 3.76 earnings per share for the current year.
AutoNation announced that its board has initiated a stock repurchase program on Tuesday, August 29th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to buy up to 6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
AN has been the subject of a number of recent research reports. ValuEngine raised AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Berenberg Bank started coverage on AutoNation in a research note on Wednesday, October 4th. They set a “buy” rating and a $55.00 target price for the company. Jefferies Group reissued a “hold” rating and set a $44.00 target price on shares of AutoNation in a research note on Sunday, September 10th. KeyCorp reissued a “hold” rating on shares of AutoNation in a research note on Friday, September 1st. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $50.00 target price (up from $40.00) on shares of AutoNation in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. AutoNation currently has an average rating of “Hold” and an average price target of $46.88.
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AutoNation Company Profile
AutoNation, Inc (AutoNation) 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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