Insider Selling: AutoNation, Inc. (NYSE:AN) EVP Sells 10,185 Shares of Stock

AutoNation, Inc. (NYSE:ANGet Rating) EVP C Coleman Edmunds sold 10,185 shares of the stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $120.00, for a total transaction of $1,222,200.00. Following the sale, the executive vice president now directly owns 23,857 shares of the company’s stock, valued at approximately $2,862,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

C Coleman Edmunds also recently made the following trade(s):

  • On Friday, May 13th, C Coleman Edmunds sold 3,815 shares of AutoNation stock. The shares were sold at an average price of $124.06, for a total transaction of $473,288.90.

Shares of NYSE AN traded up $5.01 during midday trading on Friday, reaching $123.68. The company had a trading volume of 937,232 shares, compared to its average volume of 913,750. The business’s 50-day simple moving average is $111.27 and its 200 day simple moving average is $113.94. The stock has a market cap of $7.59 billion, a P/E ratio of 5.73, a P/E/G ratio of 0.23 and a beta of 1.14. AutoNation, Inc. has a 1 year low of $88.32 and a 1 year high of $133.48. The company has a current ratio of 1.16, a quick ratio of 0.55 and a debt-to-equity ratio of 1.51.

AutoNation (NYSE:ANGet Rating) last issued its earnings results on Thursday, April 21st. The company reported $5.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.25 by $0.53. AutoNation had a net margin of 5.60% and a return on equity of 59.93%. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.51 billion. During the same quarter last year, the company posted $2.79 earnings per share. The firm’s revenue was up 14.4% compared to the same quarter last year. Analysts predict that AutoNation, Inc. will post 21.85 earnings per share for the current year.

A number of equities research analysts recently commented on AN shares. JPMorgan Chase & Co. raised shares of AutoNation from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $140.00 to $130.00 in a research report on Thursday, April 7th. Wells Fargo & Company increased their target price on shares of AutoNation from $137.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. Truist Financial raised shares of AutoNation from a “hold” rating to a “buy” rating and increased their target price for the company from $130.00 to $140.00 in a research report on Monday, April 25th. StockNews.com raised shares of AutoNation from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 9th. Finally, Morgan Stanley raised their price target on shares of AutoNation from $103.00 to $108.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 8th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $146.86.

Several institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its position in AutoNation by 699.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 84,204 shares of the company’s stock valued at $9,839,000 after buying an additional 73,677 shares during the period. Brandywine Global Investment Management LLC grew its position in AutoNation by 6.6% during the third quarter. Brandywine Global Investment Management LLC now owns 166,153 shares of the company’s stock valued at $20,231,000 after buying an additional 10,304 shares during the period. Balyasny Asset Management LLC acquired a new stake in AutoNation during the third quarter valued at $3,450,000. EAM Global Investors LLC acquired a new stake in AutoNation during the third quarter valued at $1,280,000. Finally, Janney Montgomery Scott LLC grew its position in AutoNation by 41.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 18,735 shares of the company’s stock valued at $2,189,000 after buying an additional 5,469 shares during the period. 84.44% of the stock is owned by hedge funds and other institutional investors.

AutoNation Company Profile (Get Rating)

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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