Teachers Retirement System of The State of Kentucky decreased its stake in AutoNation, Inc. (NYSE:AN) by 24.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,300 shares of the company’s stock after selling 2,400 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in AutoNation were worth $309,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Invictus RG increased its stake in AutoNation by 58.2% in the first quarter. Invictus RG now owns 4,981 shares of the company’s stock valued at $211,000 after buying an additional 1,833 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased 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 valued at $1,244,000 after buying an additional 13,371 shares during the last quarter. Clinton Group Inc. purchased a new stake in AutoNation during the first quarter valued at $2,065,000. Dynamic Capital Management Ltd purchased a new stake in AutoNation during the first quarter valued at $581,000. Finally, California Public Employees Retirement System increased its stake in AutoNation by 1.5% in the first quarter. California Public Employees Retirement System now owns 161,200 shares of the company’s stock valued at $6,817,000 after buying an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 68.77% of the company’s stock.
AutoNation, Inc. (NYSE AN) opened at 41.68 on Friday. The stock has a 50 day moving average price of $41.58 and a 200 day moving average price of $42.57. AutoNation, Inc. has a one year low of $38.20 and a one year high of $53.74. The firm has a market cap of $4.19 billion, a PE ratio of 10.38 and a beta of 1.24.
AutoNation (NYSE:AN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.86 earnings per share for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $5.56 billion. During the same period in the prior year, the firm posted $1.08 EPS. AutoNation’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities research analysts expect that AutoNation, Inc. will post $3.59 EPS for the current year.
AN has been the topic of several research analyst reports. Morgan Stanley dropped their price target 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 price target (down previously from $52.00) on shares of AutoNation in a research note on Saturday, April 29th. ValuEngine downgraded AutoNation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Wells Fargo & Company reiterated a “market perform” rating and set a $45.00 price target (down previously from $48.50) on shares of AutoNation in a research note on Monday, July 17th. Finally, BidaskClub upgraded AutoNation from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. AutoNation has a consensus rating of “Hold” and an average price target of $46.20.
In other AutoNation news, Director Robert R. Grusky sold 2,800 shares of AutoNation stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $38.99, for a total value of $109,172.00. Following the sale, the director now owns 30,713 shares of the company’s stock, valued at approximately $1,197,499.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is currently owned by insiders.
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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