Deutsche Bank AG Buys Shares of 50,465 AutoNation, Inc. $AN

Key Points

• Deutsche Bank acquired 50,465 AutoNation shares worth approximately $9.4 million in the second quarter, giving it about a 0.15% stake. Institutional investors collectively own 94.62% of the company.
• AutoNation reported quarterly earnings of $5.56 per share, exceeding estimates of $5.48, while revenue reached $6.93 billion, down 0.6% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $250, compared with the stock’s reported price of $198.86.

Deutsche Bank AG purchased a new position in shares of AutoNation, Inc. (NYSE:AN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 50,465 shares of the company's stock, valued at approximately $9,376,000. Deutsche Bank AG owned about 0.15% of AutoNation at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AN. Royal Bank of Canada increased its stake in AutoNation by 8.9% during the first quarter. Royal Bank of Canada now owns 18,953 shares of the company's stock worth $3,070,000 after purchasing an additional 1,551 shares during the period. United Services Automobile Association purchased a new position in shares of AutoNation in the first quarter valued at approximately $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of AutoNation by 10.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,610 shares of the company's stock valued at $15,967,000 after purchasing an additional 9,656 shares during the period. Focus Partners Wealth grew its holdings in shares of AutoNation by 17.3% in the first quarter. Focus Partners Wealth now owns 3,472 shares of the company's stock valued at $562,000 after purchasing an additional 511 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of 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 purchasing an additional 64 shares in the last quarter. 94.62% of the stock is currently owned by hedge funds and other institutional investors.

AutoNation Price Performance

AutoNation stock opened at $198.86 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.18 and a debt-to-equity ratio of 2.68. The company has a fifty day simple moving average of $200.60 and a 200-day simple moving average of $197.79. The stock has a market cap of $6.57 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 0.83 and a beta of 0.71. AutoNation, Inc. has a 12-month low of $176.62 and a 12-month high of $235.81.

AutoNation (NYSE:AN - Get Free Report) last posted its earnings results on Friday, July 31st. The company reported $5.56 EPS for the quarter, beating the consensus estimate of $5.48 by $0.08. AutoNation had a return on equity of 31.24% and a net margin of 2.82%.The firm had revenue of $6.93 billion for the quarter, compared to analyst estimates of $7 billion. During the same quarter in the prior year, the company posted $2.26 earnings per share. AutoNation's revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts expect that AutoNation, Inc. will post 21.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AN. JPMorgan Chase & Co. reduced their target price on shares of AutoNation from $235.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, August 4th. Seaport Research Partners reaffirmed a "buy" rating and set a $255.00 price objective on shares of AutoNation in a research report on Monday, August 3rd. Barclays lifted their target price on AutoNation from $255.00 to $260.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Citigroup boosted their target price on AutoNation from $287.00 to $290.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Finally, Stephens upped their price target on AutoNation from $220.00 to $232.00 and gave the stock an "equal weight" rating in a report on Monday, August 10th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $250.00.

Insider Activity

In other news, Director Lisa Lutoff-Perlo sold 900 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $220.00, for a total value of $198,000.00. Following the transaction, the director owned 7,989 shares in the company, valued at approximately $1,757,580. This represents a 10.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.40% of the company's stock.

About AutoNation

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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