M&T Bank Corp reduced its stake in AutoNation, Inc. (NYSE:AN) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,696 shares of the company’s stock after selling 1,366 shares during the quarter. M&T Bank Corp owned approximately 0.10% of AutoNation worth $4,502,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in AutoNation in the 4th quarter valued at $195,000. Sheaff Brock Investment Advisors LLC purchased a new stake in AutoNation in the 3rd quarter valued at $212,000. Nomura Holdings Inc. purchased a new stake in AutoNation in the 2nd quarter valued at $219,000. DekaBank Deutsche Girozentrale raised its position in AutoNation by 22.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,918 shares of the company’s stock valued at $263,000 after buying an additional 1,092 shares during the last quarter. Finally, Wright Investors Service Inc. purchased a new stake in AutoNation in the 4th quarter valued at $272,000. 77.37% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on AN shares. ValuEngine raised AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Jefferies Group raised their target price on AutoNation from $44.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Wells Fargo & Co reissued a “market perform” rating and issued a $50.00 price objective (up previously from $40.00) on shares of AutoNation in a report on Monday, November 6th. Moffett Nathanson initiated coverage on AutoNation in a report on Monday, December 4th. They issued a “neutral” rating for the company. Finally, Bank of America reissued a “hold” rating and issued a $65.00 price objective on shares of AutoNation in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. AutoNation has a consensus rating of “Hold” and an average price target of $50.33.
AutoNation, Inc. (AN) opened at $53.40 on Wednesday. AutoNation, Inc. has a 12 month low of $38.20 and a 12 month high of $62.02. The company has a quick ratio of 0.17, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $5,002.28, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.34 and a beta of 1.25.
AutoNation (NYSE:AN) last issued its earnings results on Thursday, February 1st. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.92 by $0.10. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. AutoNation had a return on equity of 16.22% and a net margin of 2.02%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 EPS. equities analysts expect that AutoNation, Inc. will post 4.79 earnings per share for the current year.
In other news, Director Robert R. Grusky sold 5,000 shares of AutoNation stock in a transaction dated 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 sale, the director now owns 37,677 shares in the company, valued at approximately $2,072,235. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert R. Grusky sold 10,000 shares of AutoNation stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $51.99, for a total value of $519,900.00. Following the sale, the director now owns 32,677 shares of the company’s stock, valued at approximately $1,698,877.23. The disclosure for this sale can be found here. In 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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