AutoNation (AN) Shares Down 6.2%

AutoNation, Inc. (NYSE:AN)’s share price dropped 6.2% during trading on Monday . The company traded as low as $53.66 and last traded at $53.68. Approximately 1,623,652 shares traded hands during trading, an increase of 46% from the average daily volume of 1,110,844 shares. The stock had previously closed at $57.23.

AN has been the subject of a number of research analyst reports. ValuEngine raised AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Jefferies Group boosted their price target on AutoNation from $44.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Wells Fargo & Co reissued a “market perform” rating and set a $50.00 price target (up previously from $40.00) on shares of AutoNation in a report on Monday, November 6th. Moffett Nathanson initiated coverage on AutoNation in a report on Monday, December 4th. They set a “neutral” rating for the company. Finally, Bank of America reissued a “hold” rating and set a $65.00 price target on shares of AutoNation in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $50.00.

The firm has a market capitalization of $5,242.27, a PE ratio of 12.01, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The company has a quick ratio of 0.17, a current ratio of 0.73 and a debt-to-equity ratio of 0.59.

AutoNation (NYSE:AN) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.10. AutoNation had a return on equity of 16.22% and a net margin of 2.02%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the previous year, the company posted $0.86 EPS. The business’s revenue was up 3.7% on a year-over-year basis. analysts forecast that AutoNation, Inc. will post 4.36 earnings per share for the current year.

In other AutoNation news, Director Robert R. Grusky sold 5,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $60.00, for a total value of $300,000.00. Following the sale, the director now owns 37,677 shares in the company, valued at approximately $2,260,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert R. Grusky sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $51.99, for a total value of $519,900.00. Following the completion of the sale, the director now owns 32,677 shares in the company, valued at approximately $1,698,877.23. The disclosure for this sale can be found here. Insiders sold a total of 29,253 shares of company stock worth $1,578,124 in the last quarter. Corporate insiders own 3.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AN. Meeder Asset Management Inc. bought a new stake in shares of AutoNation during the 4th quarter valued at about $1,032,000. Public Employees Retirement Association of Colorado boosted its position in shares of AutoNation by 335.7% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 8,793 shares of the company’s stock valued at $451,000 after purchasing an additional 6,775 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of AutoNation by 0.5% during the 4th quarter. Gabelli Funds LLC now owns 561,800 shares of the company’s stock valued at $28,837,000 after purchasing an additional 3,000 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of AutoNation by 4.9% during the 4th quarter. Victory Capital Management Inc. now owns 3,426,976 shares of the company’s stock valued at $175,906,000 after purchasing an additional 160,299 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC boosted its position in shares of AutoNation by 64.8% during the 4th quarter. Quantitative Systematic Strategies LLC now owns 12,030 shares of the company’s stock valued at $617,000 after purchasing an additional 4,731 shares in the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

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AutoNation Company Profile

AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.

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