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Mitsubishi UFJ Trust & Banking Corp Sells 6,137 Shares of AutoNation, Inc. $AN

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Key Points

  • Mitsubishi UFJ Trust & Banking cut its stake in AutoNation by 9.2%, selling 6,137 shares and retaining 60,352 shares worth about $12.46 million at quarter-end.
  • AutoNation reported Q1 EPS of $4.69 (missed by $0.02) and revenue of $6.55 billion (down 2.1% YoY), though after-sales strength helped produce roughly $1.21 billion in gross profit and a 31.7% ROE.
  • Institutional ownership is high at 94.62%, and analysts maintain a generally positive stance—MarketBeat lists a consensus rating of "Moderate Buy" with a $244.33 average target price.
  • Five stocks we like better than AutoNation.

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in AutoNation, Inc. (NYSE:AN - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,352 shares of the company's stock after selling 6,137 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.17% of AutoNation worth $12,461,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in AutoNation during the third quarter valued at approximately $37,000. Geneos Wealth Management Inc. boosted its stake in AutoNation by 37.4% during 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 last quarter. Smartleaf Asset Management LLC boosted its stake in AutoNation by 355.3% during the third quarter. Smartleaf Asset Management LLC now owns 173 shares of the company's stock valued at $38,000 after buying an additional 135 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in AutoNation during the fourth quarter valued at approximately $41,000. Finally, Employees Retirement System of Texas bought a new position in AutoNation during the third quarter valued at approximately $48,000. Institutional investors own 94.62% of the company's stock.

AutoNation Price Performance

Shares of AN stock opened at $209.52 on Friday. AutoNation, Inc. has a 52-week low of $173.26 and a 52-week high of $228.92. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.22 and a current ratio of 0.84. The firm has a market capitalization of $7.19 billion, a P/E ratio of 12.28, a P/E/G ratio of 1.13 and a beta of 0.81. The stock has a 50 day moving average price of $196.00 and a 200 day moving average price of $203.87.

AutoNation (NYSE:AN - Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The company reported $4.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.71 by ($0.02). AutoNation had a return on equity of 31.69% and a net margin of 2.35%.The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.65 billion. During the same period in the prior year, the business posted $4.68 earnings per share. AutoNation's revenue was down 2.1% on a year-over-year basis. As a group, sell-side analysts predict that AutoNation, Inc. will post 21.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AN has been the subject of a number of research reports. Bank of America initiated coverage on AutoNation in a research note on Wednesday, March 4th. They set a "buy" rating for the company. Barclays dropped their price target on AutoNation from $245.00 to $240.00 and set an "overweight" rating for the company in a research note on Tuesday, April 7th. Citigroup dropped their price target on AutoNation from $280.00 to $269.00 and set a "buy" rating for the company in a research note on Wednesday, April 8th. JPMorgan Chase & Co. raised AutoNation from a "neutral" rating to an "overweight" rating and set a $235.00 price target for the company in a research note on Friday, January 16th. Finally, Morgan Stanley increased their price target on AutoNation from $233.00 to $238.00 and gave the company an "overweight" rating in a research note on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $244.33.

View Our Latest Report on AN

AutoNation News Summary

Here are the key news stories impacting AutoNation this week:

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.

Further Reading

Want to see what other hedge funds are holding AN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoNation, Inc. (NYSE:AN - Free Report).

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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