Point72 Asset Management L.P. lowered its position in AutoNation, Inc. (NYSE:AN) by 64.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,163 shares of the company’s stock after selling 23,688 shares during the period. Point72 Asset Management L.P.’s holdings in AutoNation were worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AN. Prudential Financial Inc. raised its stake in shares of AutoNation by 682.1% during the first quarter. Prudential Financial Inc. now owns 776,998 shares of the company’s stock valued at $36,348,000 after acquiring an additional 677,653 shares in the last quarter. Tyvor Capital LLC raised its stake in shares of AutoNation by 167.8% during the first quarter. Tyvor Capital LLC now owns 340,142 shares of the company’s stock valued at $15,912,000 after acquiring an additional 213,142 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of AutoNation during the first quarter valued at approximately $7,707,000. Check Capital Management Inc. CA raised its stake in shares of AutoNation by 26.0% during the first quarter. Check Capital Management Inc. CA now owns 699,854 shares of the company’s stock valued at $32,739,000 after acquiring an additional 144,534 shares in the last quarter. Finally, LSV Asset Management bought a new stake in shares of AutoNation during the first quarter valued at approximately $5,660,000. 67.42% of the stock is owned by institutional investors and hedge funds.
NYSE AN opened at $49.95 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.21 and a current ratio of 0.86. AutoNation, Inc. has a 12-month low of $38.59 and a 12-month high of $62.02. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.47 and a beta of 1.39.
AutoNation (NYSE:AN) last released its quarterly earnings results on Tuesday, May 1st. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.01. AutoNation had a net margin of 1.99% and a return on equity of 15.97%. The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. sell-side analysts anticipate that AutoNation, Inc. will post 4.83 EPS for the current year.
In other AutoNation news, CEO Michael J. Jackson sold 33,006 shares of AutoNation stock in a transaction on Friday, June 15th. The shares were sold at an average price of $49.36, for a total value of $1,629,176.16. Following the transaction, the chief executive officer now directly owns 164,107 shares of the company’s stock, valued at $8,100,321.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by insiders.
Several equities analysts recently issued reports on AN shares. ValuEngine lowered shares of AutoNation from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. Morgan Stanley lifted their price objective on shares of AutoNation from $49.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, March 14th. Finally, Guggenheim started coverage on shares of AutoNation in a report on Monday, April 16th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. AutoNation currently has a consensus rating of “Hold” and an average price target of $50.75.
AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.
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