Global X Management Co. LLC reduced its stake in shares of AutoNation, Inc. (NYSE:AN) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,992 shares of the company’s stock after selling 6,067 shares during the quarter. Global X Management Co. LLC’s holdings in AutoNation were worth $821,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of AN. State of Alaska Department of Revenue acquired a new stake in shares of AutoNation in the fourth quarter valued at approximately $195,000. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of AutoNation in the third quarter valued at approximately $212,000. Nomura Holdings Inc. acquired a new stake in shares of AutoNation in the second quarter valued at approximately $219,000. DekaBank Deutsche Girozentrale grew its position in shares of AutoNation by 22.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 5,918 shares of the company’s stock valued at $263,000 after purchasing an additional 1,092 shares during the last quarter. Finally, Wright Investors Service Inc. acquired a new stake in shares of AutoNation in the fourth quarter valued at approximately $272,000. Institutional investors own 74.36% of the company’s stock.
AutoNation, Inc. (AN) opened at $51.98 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.25 and a current ratio of 0.85. The stock has a market cap of $4,876.81, a P/E ratio of 11.63, a P/E/G ratio of 1.30 and a beta of 1.25. AutoNation, Inc. has a one year low of $38.20 and a one year high of $62.02.
AutoNation (NYSE:AN) last announced its quarterly earnings data on Thursday, February 1st. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.10. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. AutoNation had a net margin of 2.02% and a return on equity of 16.24%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share. research analysts forecast that AutoNation, Inc. will post 4.79 EPS for the current fiscal year.
Several equities analysts recently issued reports on the stock. Bank of America reissued a “hold” rating and set a $65.00 price objective on shares of AutoNation in a research note on Thursday, February 1st. Jefferies Group reissued a “hold” rating and set a $60.00 price objective on shares of AutoNation in a research note on Friday, February 2nd. Moffett Nathanson assumed coverage on shares of AutoNation in a research note on Monday, December 4th. They set a “neutral” rating on the stock. Wells Fargo & Co reissued a “market perform” rating and set a $50.00 price objective (up previously from $40.00) on shares of AutoNation in a research note on Monday, November 6th. Finally, ValuEngine raised shares of AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $50.33.
In other AutoNation news, Director Robert R. Grusky sold 5,000 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert R. Grusky sold 10,000 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $51.99, for a total transaction of $519,900.00. Following the transaction, the director now directly owns 32,677 shares in the company, valued at approximately $1,698,877.23. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,000 shares of company stock worth $1,094,900. 3.10% of the stock is currently owned by insiders.
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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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