AutoNation, Inc. (NYSE:AN) was the target of some unusual options trading on Wednesday. Stock traders purchased 1,544 put options on the stock. This represents an increase of 1,155% compared to the average daily volume of 123 put options.
AutoNation stock opened at $48.06 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 0.83. AutoNation has a fifty-two week low of $38.20 and a fifty-two week high of $62.02. The company has a market capitalization of $4,391.06, a price-to-earnings ratio of 10.75, a PEG ratio of 1.14 and a beta of 1.36.
AutoNation (NYSE:AN) last posted its quarterly earnings results on Thursday, February 1st. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.10. AutoNation had a return on equity of 16.24% and a net margin of 2.02%. The company had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. AutoNation’s revenue was up 3.7% on a year-over-year basis. research analysts expect that AutoNation will post 4.91 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on AN shares. Bank of America set a $68.00 target price on AutoNation and gave the company a “hold” rating in a research report on Friday, February 9th. Jefferies Group reiterated a “hold” rating and set a $60.00 target price on shares of AutoNation in a research report on Friday, February 2nd. Moffett Nathanson started coverage on AutoNation in a research report on Monday, December 4th. They set a “neutral” rating for the company. Finally, Morgan Stanley upped their target price on AutoNation from $49.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, March 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $50.78.
In related news, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now directly owns 37,677 shares in the company, valued at approximately $2,072,235. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert R. Grusky sold 10,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $1,698,877.23. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock valued at $1,094,900 over the last 90 days. 2.80% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of AutoNation by 27.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 47,529 shares of the company’s stock worth $2,440,000 after buying an additional 10,353 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in shares of AutoNation by 36.8% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,200 shares of the company’s stock worth $267,000 after buying an additional 1,400 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of AutoNation during the 4th quarter worth $1,926,000. Jane Street Group LLC acquired a new position in shares of AutoNation during the 4th quarter worth $276,000. Finally, Millennium Management LLC acquired a new position in shares of AutoNation during the 4th quarter worth $2,989,000. 69.22% of the stock is owned by institutional investors.
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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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