Markel Corp Buys 9,900 Shares of AutoNation, Inc. (NYSE:AN)

Markel Corp increased its stake in shares of AutoNation, Inc. (NYSE:AN) by 30.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 42,460 shares of the company’s stock after purchasing an additional 9,900 shares during the quarter. Markel Corp’s holdings in AutoNation were worth $1,780,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec grew its position in AutoNation by 29.3% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,190,500 shares of the company’s stock valued at $113,965,000 after acquiring an additional 723,400 shares during the last quarter. Dimensional Fund Advisors LP grew its position in AutoNation by 9.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,051,749 shares of the company’s stock valued at $108,946,000 after acquiring an additional 256,337 shares during the last quarter. Magnolia Group LLC grew its position in AutoNation by 0.8% in the 1st quarter. Magnolia Group LLC now owns 1,274,772 shares of the company’s stock valued at $45,535,000 after acquiring an additional 9,500 shares during the last quarter. Private Management Group Inc. grew its position in AutoNation by 1.0% in the 1st quarter. Private Management Group Inc. now owns 890,152 shares of the company’s stock valued at $31,796,000 after acquiring an additional 8,748 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in AutoNation by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 688,848 shares of the company’s stock valued at $24,591,000 after acquiring an additional 50,750 shares during the last quarter. 63.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AN traded up $0.64 during midday trading on Friday, reaching $47.58. 532,100 shares of the stock were exchanged, compared to its average volume of 1,072,465. AutoNation, Inc. has a 52 week low of $32.83 and a 52 week high of $49.61. The company has a current ratio of 0.83, a quick ratio of 0.20 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average is $44.92 and its two-hundred day moving average is $39.89. The company has a market capitalization of $4.18 billion, a P/E ratio of 10.60, a PEG ratio of 3.01 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, topping analysts’ consensus estimates of $1.08 by $0.12. AutoNation had a return on equity of 15.10% and a net margin of 1.89%. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the prior year, the company earned $1.14 EPS. The business’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts expect that AutoNation, Inc. will post 4.46 EPS for the current year.

Several equities analysts have commented on the company. Longbow Research reaffirmed a “hold” rating on shares of AutoNation in a research report on Sunday, July 7th. ValuEngine downgraded AutoNation from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. TheStreet raised AutoNation from a “c+” rating to a “b” rating in a research report on Tuesday, July 23rd. SunTrust Banks upped their price objective on AutoNation to $43.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Finally, Morgan Stanley upped their price objective on AutoNation from $35.00 to $39.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. 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 has an average rating of “Hold” and a consensus price target of $41.38.

In related news, Director Robert R. Grusky sold 5,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the sale, the director now directly owns 44,611 shares in the company, valued at approximately $2,007,495. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James R. Bender sold 767 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $48.35, for a total value of $37,084.45. Following the sale, the chief operating officer now owns 2,318 shares of the company’s stock, valued at $112,075.30. The disclosure for this sale can be found here. Insiders have sold a total of 1,671,678 shares of company stock worth $79,427,712 in the last three months. Corporate insiders own 2.40% of the company’s stock.

AutoNation 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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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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