Corient Private Wealth LP lessened its stake in AutoNation, Inc. (NYSE:AN - Free Report) by 50.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,928 shares of the company's stock after selling 10,920 shares during the quarter. Corient Private Wealth LP's holdings in AutoNation were worth $2,030,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of AutoNation during the 2nd quarter valued at approximately $438,689,000. PDT Partners LLC bought a new position in shares of AutoNation in the 2nd quarter worth about $2,824,000. Jupiter Topco LLC acquired a new position in shares of AutoNation in the 2nd quarter valued at about $2,000,000. Brandywine Global Investment Management LLC grew its position in shares of AutoNation by 27.1% during the 4th quarter. Brandywine Global Investment Management LLC now owns 57,269 shares of the company's stock valued at $11,825,000 after buying an additional 12,210 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in AutoNation during the second quarter worth about $3,474,000. Institutional investors own 94.62% of the company's stock.
AutoNation Stock Performance
Shares of AN opened at $164.84 on Thursday. The firm has a 50-day moving average price of $202.92 and a 200 day moving average price of $196.82. The firm has a market capitalization of $5.45 billion, a PE ratio of 7.63, a P/E/G ratio of 0.82 and a beta of 0.72. The company has a quick ratio of 0.18, a current ratio of 0.78 and a debt-to-equity ratio of 2.68. AutoNation, Inc. has a 52-week low of $164.70 and a 52-week high of $235.81.
AutoNation (NYSE:AN - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The company reported $5.56 earnings per share for the quarter, topping analysts' consensus estimates of $5.48 by $0.08. AutoNation had a net margin of 2.82% and a return on equity of 31.24%. The company had revenue of $6.93 billion during the quarter, compared to analyst estimates of $7 billion. During the same period in the prior year, the business posted $2.26 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that AutoNation, Inc. will post 21.69 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have issued reports on AN shares. Argus raised their target price on shares of AutoNation from $241.00 to $246.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Weiss Ratings lowered AutoNation from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday. Wells Fargo & Company increased their price target on AutoNation from $202.00 to $224.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. Citigroup cut their price target on AutoNation from $290.00 to $255.00 and set a "buy" rating on the stock in a report on Monday. Finally, Stephens boosted their price objective on AutoNation from $220.00 to $232.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $246.50.
Check Out Our Latest Report on AutoNation
Insider Transactions at AutoNation
In other AutoNation news, Director Lisa Lutoff-Perlo sold 900 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $220.00, for a total transaction of $198,000.00. Following the completion of the transaction, the director directly owned 7,989 shares of the company's stock, valued at approximately $1,757,580. This trade represents a 10.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company's stock.
About AutoNation
(
Free Report)
AutoNation, Inc is a leading automotive retailer in the United States. The company sells new and used vehicles through a network of franchised dealerships and provides automotive services including vehicle financing, insurance products, maintenance, repair, parts, and collision-repair services.
In addition to its manufacturer-branded dealerships, AutoNation operates AutoNation USA locations focused primarily on used vehicles and offers digital tools that allow customers to research, purchase, finance, and service vehicles online.
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