AutoNation, Inc. (NYSE:AN) COO James R. Bender Sells 767 Shares of Stock

AutoNation, Inc. (NYSE:AN) COO James R. Bender sold 767 shares of AutoNation stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $48.35, for a total value of $37,084.45. Following the completion of the sale, the chief operating officer now directly owns 2,318 shares of the company’s stock, valued at approximately $112,075.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AN stock traded up $0.61 during trading on Friday, reaching $47.55. 16,191 shares of the stock traded hands, compared to its average volume of 1,050,729. The business’s 50 day moving average price is $44.81 and its 200-day moving average price is $39.85. AutoNation, Inc. has a 52-week low of $32.83 and a 52-week high of $49.61. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.83 and a quick ratio of 0.20. The firm has a market capitalization of $4.36 billion, a PE ratio of 10.59, a P/E/G ratio of 3.15 and a beta of 1.06.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Monday, July 22nd. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.12. AutoNation had a return on equity of 15.10% and a net margin of 1.89%. The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The firm’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities research analysts predict that AutoNation, Inc. will post 4.44 earnings per share for the current year.



Hedge funds have recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of AutoNation by 13.7% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,628,390 shares of the company’s stock worth $152,175,000 after acquiring an additional 437,890 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of AutoNation by 0.8% in the second quarter. Victory Capital Management Inc. now owns 3,480,004 shares of the company’s stock worth $145,952,000 after acquiring an additional 28,175 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of AutoNation by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,051,749 shares of the company’s stock worth $108,946,000 after acquiring an additional 256,337 shares in the last quarter. Invesco Ltd. lifted its stake in shares of AutoNation by 1,146.3% in the second quarter. Invesco Ltd. now owns 2,017,152 shares of the company’s stock worth $84,599,000 after acquiring an additional 1,855,298 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of AutoNation by 12.5% in the second quarter. Prudential Financial Inc. now owns 1,808,628 shares of the company’s stock worth $75,854,000 after acquiring an additional 200,732 shares in the last quarter. 63.95% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently commented on the company. ValuEngine downgraded AutoNation from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Morgan Stanley boosted their price target on AutoNation from $35.00 to $39.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. SunTrust Banks boosted their price target on AutoNation to $43.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Longbow Research reissued a “hold” rating on shares of AutoNation in a research report on Sunday, July 7th. Finally, TheStreet raised AutoNation from a “c+” rating to a “b” rating in a research report on Tuesday, July 23rd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $41.38.

AutoNation Company 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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Insider Buying and Selling by Quarter for AutoNation (NYSE:AN)

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