AutoNation, Inc. (NYSE:AN) CEO Michael J. Jackson Sells 101,264 Shares of Stock

AutoNation, Inc. (NYSE:AN) CEO Michael J. Jackson sold 101,264 shares of AutoNation stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $78.28, for a total transaction of $7,926,945.92.

AN stock opened at $78.63 on Tuesday. The business has a 50 day moving average price of $75.84 and a 200 day moving average price of $64.11. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.22 and a beta of 1.57. AutoNation, Inc. has a fifty-two week low of $20.59 and a fifty-two week high of $82.90. The company has a quick ratio of 0.32, a current ratio of 0.98 and a debt-to-equity ratio of 0.53.

AutoNation (NYSE:AN) last released its earnings results on Monday, February 15th. The company reported $2.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.42. AutoNation had a return on equity of 17.17% and a net margin of 1.92%. During the same period last year, the company earned $1.32 EPS. As a group, sell-side analysts anticipate that AutoNation, Inc. will post 6.73 EPS for the current year.

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of AutoNation from $54.00 to $56.00 and gave the stock an “underweight” rating in a report on Monday, December 7th. Bank of America boosted their price objective on shares of AutoNation from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, November 17th. JPMorgan Chase & Co. cut shares of AutoNation from an “overweight” rating to a “neutral” rating and set a $75.00 price target on the stock. in a report on Friday, January 15th. They noted that the move was a valuation call. Finally, Truist upped their price objective on shares of AutoNation from $73.00 to $80.00 in a research note on Thursday, February 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $63.00.

A number of hedge funds have recently made changes to their positions in AN. Envestnet Asset Management Inc. acquired a new position in AutoNation during the third quarter worth $251,000. Louisiana State Employees Retirement System grew its holdings in AutoNation by 1.4% in the third quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the company’s stock valued at $773,000 after purchasing an additional 200 shares during the last quarter. Retirement Systems of Alabama lifted its position in shares of AutoNation by 1.6% in the third quarter. Retirement Systems of Alabama now owns 76,288 shares of the company’s stock valued at $4,038,000 after acquiring an additional 1,177 shares in the last quarter. World Asset Management Inc purchased a new position in AutoNation during the third quarter worth about $242,000. Finally, Alberta Investment Management Corp lifted its position in AutoNation by 53.2% during the third quarter. Alberta Investment Management Corp now owns 48,100 shares of the company’s stock worth $2,546,000 after buying an additional 16,700 shares during the period. 63.36% of the stock is currently owned by hedge funds and other institutional investors.

About AutoNation

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.

See Also: What is a Futures Contract?

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

Receive News & Ratings for AutoNation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation and related companies with MarketBeat.com's FREE daily email newsletter.