Midwest Investment Management LLC boosted its stake in AutoNation, Inc. (NYSE:AN) by 3.5% during the second quarter, Holdings Channel reports. The institutional investor owned 68,730 shares of the company’s stock after buying an additional 2,320 shares during the period. AutoNation makes up 2.4% of Midwest Investment Management LLC’s portfolio, making the stock its 15th largest position. Midwest Investment Management LLC’s holdings in AutoNation were worth $2,897,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Mason Street Advisors LLC boosted its stake in AutoNation by 0.9% in the first quarter. Mason Street Advisors LLC now owns 9,065 shares of the company’s stock valued at $383,000 after buying an additional 81 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in AutoNation by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 15,819 shares of the company’s stock valued at $667,000 after buying an additional 89 shares in the last quarter. Arizona State Retirement System boosted its stake in AutoNation by 0.6% in the second quarter. Arizona State Retirement System now owns 16,291 shares of the company’s stock valued at $687,000 after buying an additional 100 shares in the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in AutoNation by 0.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 56,704 shares of the company’s stock valued at $2,391,000 after buying an additional 158 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in AutoNation by 0.7% in the second quarter. Retirement Systems of Alabama now owns 31,914 shares of the company’s stock valued at $1,345,000 after buying an additional 209 shares in the last quarter. 68.77% of the stock is currently owned by institutional investors.
Shares of AutoNation, Inc. (AN) opened at 40.96 on Friday. The company has a 50 day moving average of $41.59 and a 200 day moving average of $42.64. The firm has a market capitalization of $4.11 billion, a PE ratio of 10.20 and a beta of 1.24. AutoNation, Inc. has a 52-week low of $38.20 and a 52-week high of $53.74.
AutoNation (NYSE:AN) last released its earnings results on Wednesday, August 2nd. The company reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by $0.12. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The business had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same period last year, the firm earned $1.08 EPS. The company’s revenue 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 fiscal year.
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Several research firms have issued reports on AN. Deutsche Bank AG reaffirmed a “hold” rating and set a $43.00 price target (down from $46.00) on shares of AutoNation in a research note on Wednesday, August 9th. BidaskClub raised shares of AutoNation from a “strong sell” rating to a “sell” rating in a research note on Monday. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price target on shares of AutoNation in a research note on Thursday, July 6th. Buckingham Research decreased their price target on shares of AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, August 3rd. Finally, Northcoast Research raised shares of AutoNation from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday, June 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $46.20.
In other AutoNation news, Director Robert R. Grusky sold 2,800 shares of AutoNation stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $38.99, for a total transaction of $109,172.00. Following the transaction, the director now owns 30,713 shares of the company’s stock, valued at approximately $1,197,499.87. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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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