Retirement Systems of Alabama lifted its position in shares of AutoNation, Inc. (NYSE:AN) by 0.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 75,031 shares of the company’s stock after acquiring an additional 411 shares during the quarter. Retirement Systems of Alabama owned approximately 0.08% of AutoNation worth $2,680,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. AlphaOne Investment Services LLC purchased a new position in AutoNation in the 4th quarter worth approximately $25,000. Bessemer Group Inc. grew its position in shares of AutoNation by 67.8% in the 4th quarter. Bessemer Group Inc. now owns 881 shares of the company’s stock worth $31,000 after buying an additional 356 shares during the last quarter. We Are One Seven LLC bought a new stake in shares of AutoNation in the 4th quarter worth approximately $32,000. Quantamental Technologies LLC bought a new stake in shares of AutoNation in the 4th quarter worth approximately $67,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of AutoNation by 16.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,191 shares of the company’s stock worth $150,000 after buying an additional 601 shares during the last quarter. Institutional investors own 62.66% of the company’s stock.
In other AutoNation news, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the completion of the sale, the director now owns 44,611 shares of the company’s stock, valued at $1,784,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Christopher Cade sold 2,555 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $42.40, for a total value of $108,332.00. Following the sale, the chief accounting officer now directly owns 796 shares of the company’s stock, valued at approximately $33,750.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,589 shares of company stock valued at $350,922. 2.40% of the stock is owned by company insiders.
Shares of AN stock traded down $0.21 during mid-day trading on Wednesday, hitting $39.88. The company’s stock had a trading volume of 456,841 shares, compared to its average volume of 886,809. AutoNation, Inc. has a 52-week low of $32.83 and a 52-week high of $51.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.82 and a quick ratio of 0.18. The stock has a market capitalization of $3.58 billion, a P/E ratio of 8.88, a P/E/G ratio of 3.66 and a beta of 1.12.
AutoNation (NYSE:AN) last posted its quarterly earnings results on Friday, April 26th. The company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.13. The firm had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $5.21 billion. AutoNation had a return on equity of 15.48% and a net margin of 1.87%. The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share. As a group, analysts anticipate that AutoNation, Inc. will post 4.26 earnings per share for the current year.
Several research firms recently weighed in on AN. Morgan Stanley lifted their price target on AutoNation from $27.00 to $36.00 and gave the company an “underweight” rating in a research report on Monday, May 6th. SunTrust Banks lifted their price target on AutoNation to $43.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. began coverage on AutoNation in a research report on Tuesday, February 19th. They set an “underweight” rating and a $40.00 price target on the stock. Bank of America restated a “buy” rating and set a $55.00 price target (down from $59.00) on shares of AutoNation in a research report on Tuesday, February 26th. Finally, Seaport Global Securities initiated coverage on AutoNation in a report on Wednesday, February 13th. They issued a “neutral” rating and a $38.06 target price on the stock. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. AutoNation presently has an average rating of “Hold” and a consensus price target of $41.01.
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AutoNation Company Profile
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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