Moffett Nathanson began coverage on shares of AutoNation (NYSE:AN) in a report released on Monday, Marketbeat reports. The firm issued a neutral rating on the stock.
Other equities research analysts have also recently issued research reports about the company. ValuEngine raised AutoNation from a hold rating to a buy rating in a research note on Thursday, November 2nd. Berenberg Bank started coverage on AutoNation in a research note on Wednesday, October 4th. They set a buy rating and a $55.00 target price for the company. Jefferies Group reaffirmed a hold rating and issued a $44.00 price objective on shares of AutoNation in a research note on Sunday, September 10th. KeyCorp reaffirmed a hold rating on shares of AutoNation in a research note on Friday, September 1st. Finally, Deutsche Bank reaffirmed a hold rating and issued a $43.00 price objective (down from $46.00) on shares of AutoNation in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. AutoNation currently has a consensus rating of Hold and a consensus target price of $46.88.
AutoNation (NYSE:AN) opened at $55.28 on Monday. AutoNation has a 1 year low of $38.20 and a 1 year high of $57.83. The company has a market capitalization of $5,100.00, a P/E ratio of 14.57, a P/E/G ratio of 2.33 and a beta of 1.28. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.17 and a current ratio of 0.73.
AutoNation declared that its board has approved a stock buyback program on Tuesday, August 29th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In other news, EVP Donna L. Parlapiano sold 3,367 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $51.81, for a total value of $174,444.27. Following the completion of the sale, the executive vice president now directly owns 11,469 shares of the company’s stock, valued at approximately $594,208.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Lance E. Iserman sold 5,886 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $52.46, for a total value of $308,779.56. Following the completion of the sale, the chief operating officer now directly owns 4,860 shares of the company’s stock, valued at $254,955.60. The disclosure for this sale can be found here. Insiders have sold a total of 12,733 shares of company stock valued at $676,747 over the last ninety days. 3.10% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of AN. Ameritas Investment Partners Inc. increased its position in AutoNation by 1,332.8% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 19,500 shares of the company’s stock valued at $884,000 after acquiring an additional 18,139 shares during the period. California Public Employees Retirement System increased its position in AutoNation by 6.6% in the 3rd quarter. California Public Employees Retirement System now owns 176,140 shares of the company’s stock valued at $8,360,000 after acquiring an additional 10,940 shares during the period. Janney Montgomery Scott LLC acquired a new position in AutoNation in the 3rd quarter valued at about $1,737,000. Cubist Systematic Strategies LLC acquired a new position in AutoNation in the 3rd quarter valued at about $751,000. Finally, Point72 Asset Management L.P. increased its position in AutoNation by 315.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 107,700 shares of the company’s stock valued at $5,111,000 after acquiring an additional 157,700 shares during the period. 77.81% of the stock is owned by institutional investors and hedge funds.
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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