Principal Financial Group Inc. boosted its stake in AutoNation, Inc. (NYSE:AN) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,722 shares of the company’s stock after buying an additional 6,701 shares during the period. Principal Financial Group Inc. owned 0.29% of AutoNation worth $12,197,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of AutoNation by 1.3% in the first quarter. BlackRock Inc. now owns 5,742,635 shares of the company’s stock worth $268,640,000 after purchasing an additional 73,259 shares in the last quarter. Kiltearn Partners LLP grew its stake in shares of AutoNation by 1.6% in the fourth quarter. Kiltearn Partners LLP now owns 1,878,574 shares of the company’s stock worth $96,427,000 after purchasing an additional 28,700 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of AutoNation by 0.5% in the first quarter. OppenheimerFunds Inc. now owns 1,726,590 shares of the company’s stock worth $80,770,000 after purchasing an additional 8,799 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of AutoNation by 682.1% in the first quarter. Prudential Financial Inc. now owns 776,998 shares of the company’s stock worth $36,348,000 after purchasing an additional 677,653 shares in the last quarter. Finally, Check Capital Management Inc. CA grew its stake in shares of AutoNation by 26.0% in the first quarter. Check Capital Management Inc. CA now owns 699,854 shares of the company’s stock worth $32,739,000 after purchasing an additional 144,534 shares in the last quarter. 67.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AutoNation opened at $48.58 on Friday, Marketbeat Ratings reports. AutoNation, Inc. has a fifty-two week low of $38.59 and a fifty-two week high of $62.02. The stock has a market cap of $4.46 billion, a P/E ratio of 12.38, a PEG ratio of 1.53 and a beta of 1.39. The company has a quick ratio of 0.21, a current ratio of 0.86 and a debt-to-equity ratio of 0.79.
AutoNation (NYSE:AN) last announced its earnings results on Tuesday, May 1st. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.01. AutoNation had a return on equity of 15.97% and a net margin of 1.99%. The business had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter last year, the business posted $0.97 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. sell-side analysts predict that AutoNation, Inc. will post 4.81 EPS for the current fiscal year.
In related news, CEO Michael J. Jackson sold 33,006 shares of the firm’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $49.36, for a total transaction of $1,629,176.16. Following the completion of the transaction, the chief executive officer now owns 164,107 shares of the company’s stock, valued at $8,100,321.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.80% of the company’s stock.
Several research analysts have recently issued reports on AN shares. ValuEngine cut AutoNation from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Morgan Stanley raised their target price on AutoNation from $49.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, March 14th. Finally, Guggenheim assumed coverage on AutoNation in a research note on Monday, April 16th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. AutoNation presently has a consensus rating of “Hold” and an average price target of $50.75.
AutoNation Company Profile
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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