AutoNation, Inc. (NYSE:AN) COO Lance E. Iserman sold 5,886 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $52.46, for a total transaction of $308,779.56. Following the sale, the chief operating officer now directly owns 4,860 shares of the company’s stock, valued at $254,955.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of AutoNation, Inc. (AN) opened at $53.12 on Thursday. 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, Inc. has a 1-year low of $38.20 and a 1-year high of $55.77. The firm has a market cap of $4,857.82, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24.
AutoNation (NYSE:AN) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.16. AutoNation had a net margin of 1.80% and a return on equity of 16.66%. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.58 billion. During the same period in the prior year, the firm earned $1.05 EPS. The business’s revenue was down 2.4% on a year-over-year basis. equities research analysts predict that AutoNation, Inc. will post 3.74 earnings per share for the current year.
AutoNation declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 29th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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Hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its stake in shares of AutoNation by 8.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,826 shares of the company’s stock valued at $215,000 after buying an additional 372 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of AutoNation by 35.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 23,240 shares of the company’s stock valued at $981,000 after buying an additional 6,082 shares in the last quarter. Private Management Group Inc. raised its stake in shares of AutoNation by 43.9% in the 2nd quarter. Private Management Group Inc. now owns 728,091 shares of the company’s stock valued at $30,696,000 after buying an additional 222,267 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of AutoNation in the 2nd quarter valued at $2,304,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of AutoNation by 6.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 348,313 shares of the company’s stock valued at $14,685,000 after buying an additional 21,198 shares in the last quarter. Institutional investors own 83.61% of the company’s stock.
Several analysts recently issued reports on the stock. Jefferies Group LLC upped their price objective on shares of AutoNation from $44.00 to $50.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Wells Fargo & Company reaffirmed a “market perform” rating and set a $50.00 price objective (up from $40.00) on shares of AutoNation in a report on Monday, November 6th. Susquehanna Bancshares Inc reaffirmed a “negative” rating on shares of AutoNation in a report on Thursday, September 28th. UBS AG downgraded shares of AutoNation from a “positive” rating to a “neutral” rating in a report on Thursday, September 28th. Finally, Berenberg Bank initiated coverage on shares of AutoNation in a report on Wednesday, October 4th. They set a “buy” rating and a $55.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.88.
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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