Lido Advisors LLC Reduces Position in AutoNation, Inc. (NYSE:AN)

Lido Advisors LLC lessened its holdings in shares of AutoNation, Inc. (NYSE:AN) by 25.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,353 shares of the company’s stock after selling 1,452 shares during the period. Lido Advisors LLC’s holdings in AutoNation were worth $406,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of AutoNation in the 4th quarter valued at approximately $277,000. US Bancorp DE grew its stake in shares of AutoNation by 293.2% in the 4th quarter. US Bancorp DE now owns 13,200 shares of the company’s stock valued at $921,000 after buying an additional 9,843 shares during the period. CIBC World Markets Inc. grew its stake in shares of AutoNation by 225.2% in the 4th quarter. CIBC World Markets Inc. now owns 18,732 shares of the company’s stock valued at $1,307,000 after buying an additional 12,971 shares during the period. Profund Advisors LLC purchased a new stake in shares of AutoNation in the 4th quarter valued at approximately $222,000. Finally, ProShare Advisors LLC grew its stake in shares of AutoNation by 16.8% in the 4th quarter. ProShare Advisors LLC now owns 4,875 shares of the company’s stock valued at $340,000 after buying an additional 700 shares during the period. 58.06% of the stock is owned by institutional investors.

In other news, Director Rick L. Burdick sold 21,264 shares of the firm’s stock in a transaction on Monday, May 10th. The shares were sold at an average price of $105.79, for a total value of $2,249,518.56. Following the sale, the director now directly owns 59,301 shares in the company, valued at approximately $6,273,452.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Edward S. Lampert sold 1,968 shares of the firm’s stock in a transaction on Monday, May 17th. The shares were sold at an average price of $106.23, for a total transaction of $209,060.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 557,732 shares of company stock worth $57,834,180. 1.50% of the stock is owned by company insiders.

AN has been the subject of several analyst reports. Truist increased their price target on shares of AutoNation from $80.00 to $100.00 in a research note on Wednesday, April 21st. Benchmark upgraded shares of AutoNation from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Wednesday, April 28th. Truist Securities upped their price objective on shares of AutoNation from $80.00 to $100.00 and gave the stock a “hold” rating in a report on Wednesday, April 21st. Finally, Morgan Stanley upped their price objective on shares of AutoNation from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, April 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $82.88.

AutoNation stock opened at $92.63 on Friday. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.45 and a beta of 1.64. AutoNation, Inc. has a 52-week low of $35.64 and a 52-week high of $106.99. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.39 and a current ratio of 1.02. The business’s 50 day simple moving average is $99.38.

AutoNation (NYSE:AN) last released its earnings results on Monday, April 19th. The company reported $2.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.99. The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.03 billion. AutoNation had a net margin of 3.95% and a return on equity of 24.22%. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. Analysts predict that AutoNation, Inc. will post 10.15 EPS for the current year.

AutoNation 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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