AutoNation (AN) Reaches New 12-Month Low at $32.86

Shares of AutoNation, Inc. (NYSE:AN) reached a new 52-week low during trading on Thursday . The stock traded as low as $32.86 and last traded at $32.93, with a volume of 56140 shares changing hands. The stock had previously closed at $33.77.

Several analysts recently weighed in on the stock. Morgan Stanley dropped their target price on shares of AutoNation from $44.00 to $34.00 and set a “sell” rating for the company in a report on Wednesday, November 14th. Seaport Global Securities began coverage on shares of AutoNation in a research note on Wednesday, February 13th. They issued a “neutral” rating and a $38.06 price target for the company. JPMorgan Chase & Co. began coverage on shares of AutoNation in a research note on Tuesday, February 19th. They issued an “underweight” rating and a $40.00 price target for the company. Jefferies Financial Group restated a “hold” rating and issued a $41.00 price target on shares of AutoNation in a research note on Sunday, February 24th. Finally, Bank of America restated a “buy” rating and issued a $55.00 price target (down previously from $59.00) on shares of AutoNation in a research note on Tuesday, February 26th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. AutoNation presently has an average rating of “Hold” and a consensus target price of $41.38.

The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.86. The company has a market capitalization of $3.01 billion, a P/E ratio of 7.33, a price-to-earnings-growth ratio of 3.17 and a beta of 1.05.

AutoNation (NYSE:AN) last issued its earnings results on Friday, February 22nd. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.63 billion. AutoNation had a return on equity of 15.89% and a net margin of 1.85%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.02 EPS. As a group, research analysts expect that AutoNation, Inc. will post 4.18 earnings per share for the current fiscal year.

In related news, Director David B. Edelson sold 20,000 shares of the business’s stock in a transaction on Thursday, December 20th. The shares were sold at an average price of $33.99, for a total transaction of $679,800.00. Following the completion of the transaction, the director now owns 48,946 shares in the company, valued at $1,663,674.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David B. Edelson bought 1,150 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were purchased at an average price of $36.06 per share, with a total value of $41,469.00. Following the purchase, the director now owns 37,030 shares of the company’s stock, valued at approximately $1,335,301.80. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 23,039 shares of company stock valued at $786,143. Insiders own 2.40% of the company’s stock.

Several hedge funds have recently modified their holdings of AN. BlackRock Inc. lifted its position in AutoNation by 9.5% in the third quarter. BlackRock Inc. now owns 5,681,175 shares of the company’s stock valued at $236,050,000 after acquiring an additional 492,876 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of AutoNation by 13.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,090,754 shares of the company’s stock valued at $181,740,000 after buying an additional 597,653 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of AutoNation by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,051,749 shares of the company’s stock valued at $108,946,000 after buying an additional 256,337 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of AutoNation by 3.3% in the fourth quarter. Prudential Financial Inc. now owns 1,350,993 shares of the company’s stock valued at $48,230,000 after buying an additional 42,695 shares during the last quarter. Finally, Magnolia Group LLC purchased a new stake in shares of AutoNation in the fourth quarter valued at about $45,170,000. Hedge funds and other institutional investors own 64.31% of the company’s stock.

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About AutoNation (NYSE:AN)

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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