Northern Capital Management LLC boosted its stake in shares of AutoNation, Inc. (NYSE:AN) by 5.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,255 shares of the company’s stock after purchasing an additional 3,105 shares during the period. Northern Capital Management LLC owned about 0.07% of AutoNation worth $3,196,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in AutoNation by 32.3% in the third quarter. JPMorgan Chase & Co. now owns 59,971 shares of the company’s stock valued at $2,834,000 after acquiring an additional 14,656 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in AutoNation in the second quarter valued at approximately $2,304,000. CLS Investments LLC acquired a new stake in AutoNation in the third quarter valued at approximately $1,266,000. Garner Asset Management Corp lifted its stake in AutoNation by 29.2% in the third quarter. Garner Asset Management Corp now owns 35,155 shares of the company’s stock valued at $1,668,000 after acquiring an additional 7,945 shares during the last quarter. Finally, Shell Asset Management Co. lifted its stake in AutoNation by 425.3% in the third quarter. Shell Asset Management Co. now owns 14,424 shares of the company’s stock valued at $726,000 after acquiring an additional 11,678 shares during the last quarter. 77.37% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on AN shares. ValuEngine upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Jefferies Group lifted their target price on shares of AutoNation from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Wells Fargo & Co reiterated a “market perform” rating and issued a $50.00 target price (up from $40.00) on shares of AutoNation in a research note on Monday, November 6th. Moffett Nathanson started coverage on shares of AutoNation in a research note on Monday, December 4th. They issued a “neutral” rating for the company. Finally, Bank of America reiterated a “hold” rating and issued a $65.00 target price on shares of AutoNation in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.33.
Shares of AutoNation, Inc. (NYSE AN) traded down $0.18 during trading on Wednesday, hitting $53.22. 747,319 shares of the stock were exchanged, compared to its average volume of 1,110,006. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.17. AutoNation, Inc. has a twelve month low of $38.20 and a twelve month high of $62.02. The firm has a market capitalization of $5,002.28, a PE ratio of 11.95, a price-to-earnings-growth ratio of 1.34 and a beta of 1.25.
AutoNation (NYSE:AN) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.10. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. AutoNation had a net margin of 2.02% and a return on equity of 16.22%. AutoNation’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 earnings per share. equities research analysts anticipate that AutoNation, Inc. will post 4.79 EPS for the current year.
In related news, Director Robert R. Grusky sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $51.99, for a total transaction of $519,900.00. Following the completion of the transaction, the director now directly owns 32,677 shares in the company, valued at approximately $1,698,877.23. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert R. Grusky sold 5,000 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the director now owns 37,677 shares of the company’s stock, valued at $2,260,620. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,000 shares of company stock valued at $1,094,900. Corporate insiders own 3.10% of the company’s stock.
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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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