Teachers Advisors LLC increased its position in shares of AutoNation, Inc. (NYSE:AN) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,685 shares of the company’s stock after buying an additional 4,354 shares during the period. Teachers Advisors LLC’s holdings in AutoNation were worth $3,539,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in AutoNation by 78.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 30,345 shares of the company’s stock worth $1,244,000 after buying an additional 13,371 shares during the last quarter. Clinton Group Inc. bought a new stake in AutoNation during the first quarter worth approximately $2,065,000. Telemus Capital LLC raised its stake in AutoNation by 4.7% in the first quarter. Telemus Capital LLC now owns 63,280 shares of the company’s stock worth $2,676,000 after buying an additional 2,860 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in AutoNation by 5.9% in the first quarter. Pictet Asset Management Ltd. now owns 39,425 shares of the company’s stock worth $1,667,000 after buying an additional 2,200 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake in AutoNation by 15.9% in the first quarter. Aberdeen Asset Management PLC UK now owns 24,095 shares of the company’s stock worth $1,019,000 after buying an additional 3,304 shares during the last quarter. 65.97% of the stock is currently owned by institutional investors and hedge funds.
AutoNation, Inc. (NYSE AN) traded up 1.1885% during trading on Friday, hitting $40.8599. The stock had a trading volume of 169,629 shares. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 10.1743 and a beta of 1.24. The firm’s 50 day moving average is $41.44 and its 200 day moving average is $43.04. AutoNation, Inc. has a 1-year low of $38.20 and a 1-year high of $53.74.
AutoNation (NYSE:AN) last issued its earnings results on Wednesday, August 2nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by $0.12. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The firm had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter last year, the firm earned $1.08 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts anticipate that AutoNation, Inc. will post $3.59 earnings per share for the current year.
AN has been the topic of a number of analyst reports. Morgan Stanley decreased their price objective on AutoNation from $57.00 to $53.00 and set an “overweight” rating on the stock in a research note on Friday, June 9th. Deutsche Bank AG reiterated a “hold” rating and set a $50.00 target price (down from $52.00) on shares of AutoNation in a research report on Saturday, April 29th. ValuEngine downgraded AutoNation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Wells Fargo & Company reiterated a “market perform” rating and set a $45.00 target price (down from $48.50) on shares of AutoNation in a research report on Monday, July 17th. Finally, BidaskClub upgraded AutoNation from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. AutoNation currently has a consensus rating of “Hold” and a consensus target price of $46.20.
In other AutoNation news, Director Robert R. Grusky sold 2,800 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $38.99, for a total value of $109,172.00. Following the transaction, the director now owns 30,713 shares in the company, valued at $1,197,499.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.
AutoNation Company Profile
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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