Empowered Funds LLC decreased its holdings in AutoNation, Inc. (NYSE:AN - Free Report) by 73.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,432 shares of the company's stock after selling 9,404 shares during the quarter. Empowered Funds LLC's holdings in AutoNation were worth $670,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of AutoNation by 8.9% in the first quarter. Royal Bank of Canada now owns 18,953 shares of the company's stock valued at $3,070,000 after buying an additional 1,551 shares in the last quarter. United Services Automobile Association bought a new position in AutoNation during the 1st quarter worth $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in AutoNation by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,610 shares of the company's stock worth $15,967,000 after acquiring an additional 9,656 shares during the period. Focus Partners Wealth increased its stake in AutoNation by 17.3% during the 1st quarter. Focus Partners Wealth now owns 3,472 shares of the company's stock worth $562,000 after acquiring an additional 511 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in AutoNation by 37.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 235 shares of the company's stock valued at $38,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 94.62% of the company's stock.
Insider Buying and Selling
In related news, Director Lisa Lutoff-Perlo sold 900 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $220.00, for a total value of $198,000.00. Following the completion of the transaction, the director owned 7,989 shares of the company's stock, valued at $1,757,580. This represents a 10.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research firms have recently weighed in on AN. Morgan Stanley upped their target price on AutoNation from $240.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday. Stephens raised their price target on AutoNation from $220.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Monday. Wells Fargo & Company upped their price objective on shares of AutoNation from $202.00 to $224.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. Northcoast Research upgraded shares of AutoNation from a "neutral" rating to a "buy" rating and set a $240.00 price objective on the stock in a research note on Tuesday, July 14th. Finally, Citigroup raised their target price on shares of AutoNation from $287.00 to $290.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $250.40.
Check Out Our Latest Research Report on AN
AutoNation Trading Down 0.6%
Shares of AN opened at $208.02 on Tuesday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.18 and a current ratio of 0.78. AutoNation, Inc. has a 52-week low of $176.62 and a 52-week high of $235.81. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 0.88 and a beta of 0.71. The business's fifty day moving average is $198.20 and its 200-day moving average is $198.32.
AutoNation (NYSE:AN - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $5.56 earnings per share for the quarter, beating the consensus estimate of $5.48 by $0.08. The business had revenue of $6.93 billion for the quarter, compared to analyst estimates of $7 billion. AutoNation had a return on equity of 31.24% and a net margin of 2.82%.AutoNation's revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $2.26 earnings per share. Equities analysts anticipate that AutoNation, Inc. will post 21.56 EPS for the current fiscal year.
About AutoNation
(
Free Report)
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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