AutoNation Major Shareholder Sells $92,343,644 in Stock (AN)
AutoNation (NYSE:AN) major shareholder Edward Lampert sold 1,883,027 shares of AutoNation stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $49.04, for a total transaction of $92,343,644.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
A number of analysts have recently weighed in on AN shares. Analysts at Deutsche Bank raised their price target on shares of AutoNation (NYSE:AN) from $41.00 to $42.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of AutoNation (NYSE:AN) in a research note to investors on Wednesday, July 31st. They now have a $49.00 price target on the stock.
Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $48.63.
Shares of AutoNation (NYSE:AN) opened at 51.45 on Tuesday. AutoNation has a one year low of $38.28 and a one year high of $51.57. The stock has a 50-day moving average of $47.24 and a 200-day moving average of $45.2. The company has a market cap of $6.243 billion and a P/E ratio of 18.78.
AutoNation (NYSE:AN) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.73 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.73. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the company posted $0.66 earnings per share. AutoNation’s revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that AutoNation will post $2.96 earnings per share for the current fiscal year.
AutoNation, Inc (NYSE:AN) is an automotive retailer in the United States.
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