AutoNation, Inc. (NYSE:AN) Director Robert R. Grusky sold 5,000 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now owns 37,677 shares of the company’s stock, valued at $2,072,235. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of AutoNation, Inc. (NYSE AN) opened at $60.22 on Thursday. AutoNation, Inc. has a 52-week low of $38.20 and a 52-week high of $62.02. The firm has a market capitalization of $5,574.08, a price-to-earnings ratio of 15.17, a PEG ratio of 2.31 and a beta of 1.28. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.17 and a current ratio of 0.73.
Several analysts recently commented on AN shares. Northcoast Research downgraded shares of AutoNation from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. Berenberg Bank assumed coverage on shares of AutoNation in a research note on Wednesday, October 4th. They set a “buy” rating and a $55.00 target price on the stock. ValuEngine upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Jefferies Group increased their price objective on shares of AutoNation from $44.00 to $50.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $50.00 price objective (up from $40.00) on shares of AutoNation in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $46.88.
Several hedge funds have recently added to or reduced their stakes in AN. Artisan Partners Limited Partnership raised its holdings in shares of AutoNation by 76.5% in the second quarter. Artisan Partners Limited Partnership now owns 5,181,954 shares of the company’s stock valued at $218,471,000 after acquiring an additional 2,245,935 shares in the last quarter. Arlington Value Capital LLC raised its holdings in shares of AutoNation by 284.0% in the second quarter. Arlington Value Capital LLC now owns 2,096,311 shares of the company’s stock valued at $88,380,000 after acquiring an additional 1,550,426 shares in the last quarter. Orbis Allan Gray Ltd raised its holdings in shares of AutoNation by 141.7% in the second quarter. Orbis Allan Gray Ltd now owns 2,444,847 shares of the company’s stock valued at $103,075,000 after acquiring an additional 1,433,472 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of AutoNation by 56.3% in the third quarter. Victory Capital Management Inc. now owns 3,266,677 shares of the company’s stock valued at $155,036,000 after acquiring an additional 1,176,042 shares in the last quarter. Finally, Check Capital Management Inc. CA bought a new position in AutoNation in the third quarter worth about $51,233,000. Hedge funds and other institutional investors own 77.68% of the company’s stock.
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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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