AutoNation, Inc. (NYSE:AN) EVP Jonathan P. Ferrando sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $45.31, for a total value of $770,270.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
AutoNation, Inc. (NYSE:AN) opened at 43.92 on Tuesday. The company’s 50 day moving average price is $47.42 and its 200 day moving average price is $47.59. The stock has a market cap of $4.43 billion, a PE ratio of 10.59 and a beta of 1.05. AutoNation, Inc. has a 12 month low of $39.28 and a 12 month high of $54.15.
AutoNation (NYSE:AN) last announced its earnings results on Friday, February 3rd. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.18. The business earned $5.50 billion during the quarter, compared to the consensus estimate of $5.58 billion. AutoNation had a net margin of 1.99% and a return on equity of 19.32%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. Equities analysts forecast that AutoNation, Inc. will post $4.02 EPS for the current fiscal year.
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Several research analysts recently issued reports on AN shares. Susquehanna Bancshares Inc started coverage on AutoNation in a research report on Thursday, February 2nd. They set a “neutral” rating and a $49.00 target price on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 target price on shares of AutoNation in a research report on Monday, February 6th. Evercore ISI cut AutoNation from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. Finally, TheStreet cut AutoNation from a “b-” rating to a “c+” rating in a research report on Wednesday, March 1st. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.67.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Daiwa SB Investments Ltd. purchased a new position in shares of AutoNation during the third quarter valued at $100,000. Public Employees Retirement Association of Colorado increased its position in shares of AutoNation by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,096 shares of the company’s stock valued at $102,000 after buying an additional 9 shares during the period. Blenheim Capital Management BV purchased a new position in shares of AutoNation during the fourth quarter valued at $144,000. Liberty Capital Management Inc. purchased a new position in shares of AutoNation during the third quarter valued at $154,000. Finally, Riverhead Capital Management LLC increased its position in shares of AutoNation by 13.6% in the third quarter. Riverhead Capital Management LLC now owns 3,600 shares of the company’s stock valued at $175,000 after buying an additional 432 shares during the period. Institutional investors and hedge funds own 66.90% of the company’s stock.
AutoNation Company Profile
AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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