James Investment Research Inc. Acquires New Holdings in AutoNation, Inc. (AN)

James Investment Research Inc. acquired a new position in AutoNation, Inc. (NYSE:AN) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 47,770 shares of the company’s stock, valued at approximately $1,985,000. James Investment Research Inc. owned 0.05% of AutoNation as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Oakbrook Investments LLC acquired a new position in AutoNation during the 3rd quarter valued at about $204,000. Clinton Group Inc. acquired a new position in AutoNation during the 3rd quarter valued at about $402,000. Atria Investments LLC acquired a new position in AutoNation during the 3rd quarter valued at about $322,000. Denali Advisors LLC increased its stake in AutoNation by 61.4% during the 3rd quarter. Denali Advisors LLC now owns 39,700 shares of the company’s stock valued at $1,650,000 after buying an additional 15,100 shares during the period. Finally, United Services Automobile Association increased its stake in AutoNation by 18.4% during the 2nd quarter. United Services Automobile Association now owns 122,353 shares of the company’s stock valued at $5,944,000 after buying an additional 19,014 shares during the period. 65.94% of the stock is currently owned by institutional investors and hedge funds.

In other AutoNation news, Director Rick L. Burdick sold 4,808 shares of the firm’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $47.00, for a total value of $225,976.00. Following the completion of the transaction, the director now directly owns 38,686 shares in the company, valued at $1,818,242. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Christopher Cade sold 1,443 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $47.96, for a total transaction of $69,206.28. Following the completion of the transaction, the chief accounting officer now owns 1,199 shares of the company’s stock, valued at $57,504.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,351 shares of company stock valued at $299,882. Insiders own 2.80% of the company’s stock.

AN has been the topic of several research analyst reports. SunTrust Banks initiated coverage on shares of AutoNation in a research note on Friday, August 24th. They set a “hold” rating and a $48.00 target price on the stock. ValuEngine upgraded shares of AutoNation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. Wolfe Research lowered shares of AutoNation from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $46.00 to $37.00 in a research report on Tuesday, October 2nd. Buckingham Research reduced their price objective on shares of AutoNation from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Morgan Stanley lowered shares of AutoNation from an “overweight” rating to an “underweight” rating and set a $57.00 price objective for the company. in a research report on Tuesday, July 10th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $49.86.

NYSE:AN opened at $40.70 on Friday. AutoNation, Inc. has a twelve month low of $37.64 and a twelve month high of $62.02. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.86 and a quick ratio of 0.20. The stock has a market cap of $3.64 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 1.13 and a beta of 1.22.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $1.24 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.24. AutoNation had a net margin of 2.10% and a return on equity of 16.21%. The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.58 billion. During the same quarter last year, the firm posted $1.00 EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts expect that AutoNation, Inc. will post 4.7 earnings per share for the current year.

About AutoNation

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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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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