Insider Selling: Edward Lampert Sells 748,067 Shares of AutoNation Stock (AN)
AutoNation (NYSE:AN) major shareholder Edward Lampert sold 748,067 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $52.32, for a total value of $39,138,865.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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, September 6th. 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 stock. AutoNation presently has an average rating of “Buy” and an average price target of $48.63.
Shares of AutoNation (NYSE:AN) traded up 1.23% during mid-day trading on Wednesday, hitting $53.29. The stock had a trading volume of 1,029,577 shares. AutoNation has a 52-week low of $38.28 and a 52-week high of $53.70. The stock’s 50-day moving average is $48.63 and its 200-day moving average is $45.74. The company has a market cap of $6.466 billion and a P/E ratio of 19.22.
AutoNation (NYSE:AN) last announced its earnings results on Thursday, July 18th. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the 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. Analysts expect that AutoNation will post $2.96 EPS for the current fiscal year.
AutoNation, Inc (NYSE:AN) is an automotive retailer in the United States.
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