AutoNation, Inc. (AN) Shares Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board increased its position in AutoNation, Inc. (NYSE:AN) by 51.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,000 shares of the company’s stock after purchasing an additional 70,000 shares during the quarter. Canada Pension Plan Investment Board’s holdings in AutoNation were worth $8,559,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mutual of America Capital Management LLC boosted its position in AutoNation by 2.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 50,544 shares of the company’s stock valued at $2,455,000 after acquiring an additional 1,233 shares in the last quarter. Stone Ridge Asset Management LLC boosted its position in AutoNation by 20.9% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 8,674 shares of the company’s stock valued at $360,000 after acquiring an additional 1,498 shares in the last quarter. Sei Investments Co. boosted its position in AutoNation by 29.1% during the 2nd quarter. Sei Investments Co. now owns 8,262 shares of the company’s stock valued at $401,000 after acquiring an additional 1,861 shares in the last quarter. Clear Harbor Asset Management LLC boosted its position in AutoNation by 30.7% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 9,375 shares of the company’s stock valued at $397,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its position in AutoNation by 8.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 35,177 shares of the company’s stock valued at $1,705,000 after acquiring an additional 2,700 shares in the last quarter. 64.13% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on AN. Morgan Stanley dropped their target price on AutoNation from $44.00 to $34.00 and set a “sell” rating on the stock in a research report on Wednesday, November 14th. ValuEngine cut AutoNation from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Buckingham Research dropped their target price on AutoNation from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 31st. Bank of America raised AutoNation from a “neutral” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, October 24th. They noted that the move was a valuation call. Finally, Wolfe Research began coverage on AutoNation in a research report on Tuesday, October 2nd. They set an “underperform” rating on the stock. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. AutoNation presently has a consensus rating of “Hold” and an average price target of $46.00.

Shares of AN opened at $35.24 on Friday. AutoNation, Inc. has a 12 month low of $34.55 and a 12 month high of $62.02. The company has a quick ratio of 0.20, a current ratio of 0.86 and a debt-to-equity ratio of 0.75. The firm has a market cap of $3.18 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21.

AutoNation (NYSE:AN) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $1.24 EPS for the quarter, meeting the consensus estimate of $1.24. AutoNation had a return on equity of 16.21% and a net margin of 2.10%. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.58 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Analysts forecast that AutoNation, Inc. will post 4.53 earnings per share for the current year.

In related news, Director Robert R. Grusky sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $40.00, for a total value of $100,000.00. Following the completion of the transaction, the director now owns 35,177 shares in the company, valued at approximately $1,407,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael J. Jackson sold 74,208 shares of the firm’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $40.69, for a total value of $3,019,523.52. Following the completion of the transaction, the chief executive officer now owns 168,205 shares of the company’s stock, valued at approximately $6,844,261.45. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

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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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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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