AutoNation, Inc. (NYSE:AN) Major Shareholder Edward S. Lampert Sells 71,920 Shares

AutoNation, Inc. (NYSE:AN) major shareholder Edward S. Lampert sold 71,920 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $51.96, for a total value of $3,736,963.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

AutoNation stock traded down $1.15 during trading hours on Friday, reaching $50.28. The company had a trading volume of 690,833 shares, compared to its average volume of 821,287. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.83 and a quick ratio of 0.20. The company has a 50-day moving average price of $48.02 and a 200 day moving average price of $41.19. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 3.31 and a beta of 1.07. AutoNation, Inc. has a 12-month low of $32.83 and a 12-month high of $52.56.

AutoNation (NYSE:AN) last announced its quarterly earnings results on Monday, July 22nd. The company reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.12. The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.29 billion. AutoNation had a return on equity of 15.10% and a net margin of 1.89%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. As a group, research analysts expect that AutoNation, Inc. will post 4.49 earnings per share for the current year.

A number of brokerages recently weighed in on AN. Morgan Stanley raised their price objective on AutoNation from $35.00 to $39.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. TheStreet raised AutoNation from a “c+” rating to a “b” rating in a report on Tuesday, July 23rd. Longbow Research reissued a “hold” rating on shares of AutoNation in a report on Sunday, July 7th. Finally, ValuEngine cut AutoNation from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $41.38.

Institutional investors have recently made changes to their positions in the business. TRUE Private Wealth Advisors purchased a new position in AutoNation in the 2nd quarter worth approximately $32,000. Trust Co. of Vermont purchased a new position in AutoNation in the 2nd quarter worth approximately $42,000. Ladenburg Thalmann Financial Services Inc. increased its stake in AutoNation by 123.2% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the company’s stock worth $43,000 after purchasing an additional 573 shares during the period. Coastal Investment Advisors Inc. increased its stake in AutoNation by 59.4% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,814 shares of the company’s stock worth $118,000 after purchasing an additional 1,049 shares during the period. Finally, Pearl River Capital LLC purchased a new position in AutoNation in the 2nd quarter worth approximately $129,000. 67.84% of the stock is currently owned by institutional investors and hedge funds.

About AutoNation

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.

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Insider Buying and Selling by Quarter for AutoNation (NYSE:AN)

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