AutoNation, Inc. (NYSE:AN) EVP Jonathan P. Ferrando sold 17,000 shares of the stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $45.31, for a total transaction of $770,270.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
AutoNation, Inc. (NYSE:AN) opened at 43.92 on Tuesday. The firm’s 50-day moving average is $47.42 and its 200 day moving average is $47.59. AutoNation, Inc. has a 1-year low of $39.28 and a 1-year high of $54.15. The firm has a market cap of $4.43 billion, a PE ratio of 10.59 and a beta of 1.05.
AutoNation (NYSE:AN) last posted its quarterly earnings results on Friday, February 3rd. The company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.18. AutoNation had a net margin of 1.99% and a return on equity of 19.32%. The firm had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.58 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that AutoNation, Inc. will post $4.02 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in AutoNation during the fourth quarter worth $29,909,000. First Trust Advisors LP increased its stake in AutoNation by 818.0% in the third quarter. First Trust Advisors LP now owns 448,947 shares of the company’s stock worth $21,868,000 after buying an additional 400,044 shares in the last quarter. Prudential Financial Inc. increased its stake in AutoNation by 246.9% in the third quarter. Prudential Financial Inc. now owns 356,439 shares of the company’s stock worth $17,362,000 after buying an additional 253,697 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in AutoNation by 8.5% in the fourth quarter. Artisan Partners Limited Partnership now owns 2,733,102 shares of the company’s stock worth $132,965,000 after buying an additional 214,832 shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in AutoNation by 25.7% in the fourth quarter. Guggenheim Capital LLC now owns 949,409 shares of the company’s stock worth $46,188,000 after buying an additional 194,194 shares in the last quarter. Hedge funds and other institutional investors own 66.90% of the company’s stock.
A number of analysts recently weighed in on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 price objective on shares of AutoNation in a report on Monday, February 6th. Susquehanna Bancshares Inc initiated coverage on shares of AutoNation in a report on Thursday, February 2nd. They issued a “neutral” rating and a $49.00 price objective on the stock. TheStreet cut shares of AutoNation from a “b-” rating to a “c+” rating in a research note on Wednesday, March 1st. Finally, Evercore ISI cut shares of AutoNation from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $49.67.
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.