Evolve Private Wealth LLC bought a new stake in shares of AutoNation, Inc. (NYSE:AN – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,380 shares of the company’s stock, valued at approximately $3,601,000.
Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in AutoNation by 0.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 9,494 shares of the company’s stock worth $1,960,000 after acquiring an additional 52 shares in the last quarter. Kestra Advisory Services LLC raised its position in AutoNation by 0.9% during the fourth quarter. Kestra Advisory Services LLC now owns 5,668 shares of the company’s stock valued at $1,170,000 after purchasing an additional 53 shares during the period. Kestra Private Wealth Services LLC raised its position in AutoNation by 0.9% during the third quarter. Kestra Private Wealth Services LLC now owns 6,288 shares of the company’s stock valued at $1,376,000 after purchasing an additional 55 shares during the period. Redwood Investment Management LLC raised its position in AutoNation by 1.1% during the first quarter. Redwood Investment Management LLC now owns 5,372 shares of the company’s stock valued at $1,049,000 after purchasing an additional 61 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of AutoNation by 13.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 519 shares of the company’s stock valued at $114,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 94.62% of the company’s stock.
Insider Buying and Selling
In related news, Director Lisa Lutoff-Perlo sold 900 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $220.00, for a total transaction of $198,000.00. Following the completion of the sale, the director owned 7,989 shares of the company’s stock, valued at $1,757,580. This represents a 10.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is owned by insiders.
AutoNation Stock Performance
AutoNation (NYSE:AN – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $5.56 EPS for the quarter, beating the consensus estimate of $5.48 by $0.08. AutoNation had a net margin of 2.82% and a return on equity of 31.24%. The business had revenue of $6.93 billion during the quarter, compared to analyst estimates of $7 billion. During the same period in the prior year, the firm posted $2.26 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that AutoNation, Inc. will post 21.69 EPS for the current fiscal year.
Analyst Ratings Changes
AN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on AutoNation from $235.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, August 4th. Argus lifted their target price on AutoNation from $241.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Northcoast Research raised shares of AutoNation from a “neutral” rating to a “buy” rating and set a $240.00 target price for the company in a research note on Tuesday, July 14th. Weiss Ratings raised shares of AutoNation from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 17th. Finally, Barclays upped their price target on shares of AutoNation from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $250.00.
Check Out Our Latest Stock Report on AutoNation
AutoNation Profile
AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.
Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.
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