Bokf Na Has $2.09 Million Position in AutoNation, Inc. $AN

Key Points

• Bokf Na cut its stake in AutoNation by 47.8% in Q4, selling 9,300 shares and leaving it with 10,140 shares valued at about $2.09 million per its SEC filing.
• AutoNation's most recent quarter showed EPS of $4.69 (missing estimates by $0.02) and revenue of $6.55 billion, down 2.1% year-over-year, with a net margin of 2.47%.
• Analysts remain broadly positive, with a "Moderate Buy" consensus and an average price target of $246.33 after multiple firms raised their targets.

Bokf Na reduced its holdings in AutoNation, Inc. (NYSE:AN - Free Report) by 47.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,140 shares of the company's stock after selling 9,300 shares during the period. Bokf Na's holdings in AutoNation were worth $2,094,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Kestra Private Wealth Services LLC lifted its holdings in AutoNation by 0.9% in the third quarter. Kestra Private Wealth Services LLC now owns 6,288 shares of the company's stock valued at $1,376,000 after buying an additional 55 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in AutoNation by 13.3% in the third quarter. CIBC Private Wealth Group LLC now owns 519 shares of the company's stock valued at $114,000 after buying an additional 61 shares during the period. Crestwood Advisors Group LLC lifted its holdings in AutoNation by 3.2% in the third quarter. Crestwood Advisors Group LLC now owns 2,076 shares of the company's stock valued at $454,000 after buying an additional 64 shares during the period. Geneos Wealth Management Inc. lifted its holdings in AutoNation by 37.4% in the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the company's stock valued at $38,000 after buying an additional 64 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in AutoNation by 1.4% in the third quarter. Concurrent Investment Advisors LLC now owns 5,540 shares of the company's stock valued at $1,212,000 after buying an additional 77 shares during the period. 94.62% of the stock is currently owned by institutional investors and hedge funds.

AutoNation Stock Performance

Shares of AN stock opened at $205.37 on Friday. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.81 and a quick ratio of 0.22. The stock has a 50-day moving average of $196.34 and a 200-day moving average of $203.44. AutoNation, Inc. has a one year low of $175.80 and a one year high of $228.92. The stock has a market cap of $6.87 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.09 and a beta of 0.79.

AutoNation (NYSE:AN - Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.71 by ($0.02). AutoNation had a net margin of 2.47% and a return on equity of 31.45%. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.65 billion. During the same quarter in the prior year, the firm posted $4.68 earnings per share. AutoNation's revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that AutoNation, Inc. will post 21.27 earnings per share for the current year.

Insider Activity

In related news, CAO Kimberly Dees sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $204.91, for a total value of $512,275.00. Following the completion of the transaction, the chief accounting officer directly owned 1,456 shares in the company, valued at approximately $298,348.96. The trade was a 63.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AN shares. Barclays upped their price target on AutoNation from $240.00 to $255.00 and gave the company an "overweight" rating in a research note on Wednesday. Morgan Stanley reaffirmed an "overweight" rating and issued a $240.00 price target on shares of AutoNation in a research note on Thursday. Weiss Ratings raised AutoNation from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday. Stephens upped their price target on AutoNation from $228.00 to $232.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company upped their price target on AutoNation from $207.00 to $208.00 and gave the company an "equal weight" rating in a research note on Monday. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $246.33.

AutoNation Profile

AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.

Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.

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