Comerica Bank decreased its holdings in shares of AutoNation, Inc. (NYSE:AN) by 8.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 47,732 shares of the company’s stock after selling 4,516 shares during the period. Comerica Bank’s holdings in AutoNation were worth $2,913,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of AN. State of Alaska Department of Revenue bought a new stake in shares of AutoNation during the 4th quarter valued at $195,000. Sheaff Brock Investment Advisors LLC bought a new stake in shares of AutoNation during the 3rd quarter valued at $212,000. Nomura Holdings Inc. bought a new stake in shares of AutoNation during the 2nd quarter valued at $219,000. DekaBank Deutsche Girozentrale raised its position in shares of AutoNation by 22.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,918 shares of the company’s stock valued at $263,000 after acquiring an additional 1,092 shares during the last quarter. Finally, Wright Investors Service Inc. bought a new stake in shares of AutoNation during the 4th quarter valued at $272,000. Institutional investors own 74.36% of the company’s stock.
A number of research firms recently commented on AN. Bank of America set a $68.00 price objective on shares of AutoNation and gave the company a “hold” rating in a research report on Friday, February 9th. Jefferies Group restated a “hold” rating and issued a $60.00 price objective on shares of AutoNation in a research report on Friday, February 2nd. Wells Fargo & Co restated a “market perform” rating and issued a $50.00 price objective (up previously from $40.00) on shares of AutoNation in a research report on Monday, November 6th. Moffett Nathanson began coverage on shares of AutoNation in a research report on Monday, December 4th. They issued a “neutral” rating for the company. Finally, ValuEngine upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $50.33.
AutoNation (NYSE:AN) last released its earnings results on Thursday, February 1st. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.10. The firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. AutoNation had a return on equity of 16.24% and a net margin of 2.02%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. research analysts expect that AutoNation, Inc. will post 4.79 earnings per share for the current year.
In other AutoNation news, Director Robert R. Grusky sold 5,000 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the transaction, the director now owns 37,677 shares in the company, valued at approximately $2,260,620. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert R. Grusky sold 10,000 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $51.99, for a total value of $519,900.00. Following the transaction, the director now owns 32,677 shares of the company’s stock, valued at approximately $1,698,877.23. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,000 shares of company stock valued at $1,094,900. Corporate insiders own 3.10% of the company’s stock.
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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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