Insider Selling: AutoNation, Inc. (NYSE:AN) Director Sells $275,000.00 in Stock

AutoNation, Inc. (NYSE:AN) Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now owns 49,721 shares in the company, valued at $2,734,655. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of AN stock opened at $51.34 on Friday. The stock has a market cap of $4.48 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 2.40 and a beta of 1.47. The business has a 50-day simple moving average of $42.23 and a 200-day simple moving average of $39.44. The company has a quick ratio of 0.28, a current ratio of 0.92 and a debt-to-equity ratio of 0.67. AutoNation, Inc. has a 52-week low of $20.59 and a 52-week high of $57.09.

AutoNation (NYSE:AN) last released its quarterly earnings results on Thursday, July 23rd. The company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $1.04. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.09 billion. AutoNation had a return on equity of 14.20% and a net margin of 1.51%. AutoNation’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 EPS. Sell-side analysts anticipate that AutoNation, Inc. will post 4.8 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Copper Rock Capital Partners LLC acquired a new position in AutoNation in the 2nd quarter worth about $612,504,000. BlackRock Inc. raised its holdings in AutoNation by 0.8% in the 1st quarter. BlackRock Inc. now owns 5,448,389 shares of the company’s stock worth $152,882,000 after purchasing an additional 42,068 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of AutoNation by 15.0% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,612,540 shares of the company’s stock valued at $129,428,000 after acquiring an additional 602,718 shares during the last quarter. State Street Corp raised its holdings in shares of AutoNation by 0.5% during the first quarter. State Street Corp now owns 1,536,641 shares of the company’s stock valued at $43,118,000 after acquiring an additional 8,112 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of AutoNation by 16.7% during the first quarter. Invesco Ltd. now owns 1,117,606 shares of the company’s stock valued at $31,360,000 after acquiring an additional 160,213 shares during the last quarter. 63.56% of the stock is owned by institutional investors.

Several research firms have weighed in on AN. ValuEngine downgraded AutoNation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Northcoast Research downgraded AutoNation from a “buy” rating to a “neutral” rating in a research note on Friday, July 17th. TheStreet upgraded AutoNation from a “c” rating to a “b-” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. upgraded AutoNation from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $53.00 to $70.00 in a research note on Friday, July 24th. Finally, Cfra dropped their price target on AutoNation from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $53.80.

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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