AutoNation, Inc. (NYSE:AN) Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $65.00, for a total transaction of $325,000.00. Following the transaction, the director now owns 49,721 shares of the company’s stock, valued at approximately $3,231,865. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of AutoNation stock opened at $63.00 on Monday. The company has a fifty day simple moving average of $60.68 and a 200-day simple moving average of $51.02. AutoNation, Inc. has a 12-month low of $20.59 and a 12-month high of $69.28. The company has a current ratio of 0.98, a quick ratio of 0.32 and a debt-to-equity ratio of 0.53. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.99 and a beta of 1.63.
AutoNation (NYSE:AN) last issued its earnings results on Wednesday, October 21st. The company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.73. AutoNation had a net margin of 1.92% and a return on equity of 17.17%. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the prior year, the business posted $1.11 EPS. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts forecast that AutoNation, Inc. will post 6.63 earnings per share for the current fiscal year.
AutoNation announced that its board has approved a stock repurchase plan on Wednesday, October 21st that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 10% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
A number of hedge funds have recently added to or reduced their stakes in AN. FinTrust Capital Advisors LLC purchased a new stake in AutoNation in the 3rd quarter valued at $25,000. O Shaughnessy Asset Management LLC raised its position in AutoNation by 4,790.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 978 shares of the company’s stock valued at $52,000 after purchasing an additional 958 shares during the last quarter. Cerebellum GP LLC purchased a new stake in AutoNation in the 3rd quarter valued at $65,000. Harvest Fund Management Co. Ltd purchased a new stake in AutoNation in the 3rd quarter valued at $69,000. Finally, Twin Tree Management LP raised its position in AutoNation by 86.6% in the 2nd quarter. Twin Tree Management LP now owns 1,866 shares of the company’s stock valued at $70,000 after purchasing an additional 866 shares during the last quarter. Hedge funds and other institutional investors own 59.30% of the company’s stock.
Several research analysts have commented on AN shares. Seaport Global Securities started coverage on shares of AutoNation in a report on Monday, October 19th. They set a “neutral” rating for the company. Guggenheim upgraded shares of AutoNation from a “neutral” rating to a “buy” rating and set a $69.00 price target for the company in a report on Wednesday, August 12th. ValuEngine upgraded shares of AutoNation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 22nd. Finally, Bank of America boosted their price target on shares of AutoNation from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, November 17th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $59.57.
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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