Numeric Investors LLC purchased a new position in shares of AutoNation, Inc. (NYSE:AN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,200 shares of the company’s stock, valued at approximately $253,000.
Several other hedge funds have also modified their holdings of the stock. Kentucky Retirement Systems purchased a new stake in AutoNation during the second quarter worth about $284,000. BNP Paribas Arbitrage SA increased its stake in AutoNation by 6.4% in the third quarter. BNP Paribas Arbitrage SA now owns 56,270 shares of the company’s stock worth $2,741,000 after buying an additional 3,388 shares in the last quarter. British Columbia Investment Management Corp increased its stake in AutoNation by 52.9% in the third quarter. British Columbia Investment Management Corp now owns 52,481 shares of the company’s stock worth $2,556,000 after buying an additional 18,156 shares in the last quarter. Daiwa SB Investments Ltd. purchased a new stake in AutoNation during the third quarter worth about $100,000. Finally, Nisa Investment Advisors LLC increased its stake in AutoNation by 3.2% in the third quarter. Nisa Investment Advisors LLC now owns 32,142 shares of the company’s stock worth $1,566,000 after buying an additional 1,000 shares in the last quarter. 66.90% of the stock is owned by institutional investors.
AutoNation, Inc. (NYSE:AN) traded up 0.81% during midday trading on Thursday, reaching $43.65. The company had a trading volume of 2,235,246 shares. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 10.52 and a beta of 1.05. AutoNation, Inc. has a 52 week low of $39.13 and a 52 week high of $54.15. The firm has a 50-day moving average price of $42.89 and a 200-day moving average price of $46.50.
AutoNation (NYSE:AN) last issued its quarterly earnings results on Friday, February 3rd. The company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by $0.01. The firm had revenue of $5.50 billion for the quarter, compared to analysts’ expectations of $5.58 billion. AutoNation had a return on equity of 19.32% and a net margin of 1.99%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. Analysts expect that AutoNation, Inc. will post $4.01 EPS for the current fiscal year.
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A number of analysts have issued reports on AN shares. Evercore ISI downgraded AutoNation from a “buy” rating to a “hold” rating in a research report on Monday, February 6th. TheStreet downgraded AutoNation from a “b-” rating to a “c+” rating in a research report on Wednesday, March 1st. Susquehanna Bancshares Inc began coverage on AutoNation in a research report on Thursday, February 2nd. They issued a “neutral” rating and a $49.00 target price for the company. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $49.00 price target on shares of AutoNation in a research report on Monday, February 6th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $49.40.
In other news, CAO Christopher Cade sold 561 shares of AutoNation stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $46.23, for a total transaction of $25,935.03. Following the completion of the sale, the chief accounting officer now directly owns 2,791 shares in the company, valued at $129,027.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jonathan P. Ferrando sold 17,000 shares of AutoNation stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $45.31, for a total transaction of $770,270.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 434,610 shares of company stock valued at $19,844,902. Insiders own 2.90% of the company’s stock.
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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