AutoNation, Inc. (NYSE:AN) Director Robert R. Grusky sold 2,800 shares of AutoNation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $38.99, for a total transaction of $109,172.00. Following the sale, the director now directly owns 30,713 shares in the company, valued at $1,197,499.87. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of AutoNation, Inc. (NYSE:AN) traded down 0.84% on Tuesday, hitting $40.00. 1,852,764 shares of the stock were exchanged. The company has a 50 day moving average of $41.38 and a 200 day moving average of $43.37. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 9.96 and a beta of 1.24. AutoNation, Inc. has a 52-week low of $38.20 and a 52-week high of $53.74.

AutoNation (NYSE:AN) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by $0.12. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. Equities research analysts forecast that AutoNation, Inc. will post $3.59 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Micawber Capital LLC purchased a new position in shares of AutoNation during the second quarter valued at about $830,000. Bruni J V & Co. Co. boosted its position in shares of AutoNation by 0.3% in the second quarter. Bruni J V & Co. Co. now owns 389,260 shares of the company’s stock valued at $16,411,000 after buying an additional 1,340 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of AutoNation by 11.4% in the second quarter. Pacer Advisors Inc. now owns 10,836 shares of the company’s stock valued at $457,000 after buying an additional 1,107 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of AutoNation by 20.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,462 shares of the company’s stock valued at $863,000 after buying an additional 3,474 shares in the last quarter. Finally, Andra AP fonden boosted its position in shares of AutoNation by 494.9% in the second quarter. Andra AP fonden now owns 47,000 shares of the company’s stock valued at $1,982,000 after buying an additional 39,100 shares in the last quarter. Hedge funds and other institutional investors own 65.97% of the company’s stock.

A number of research firms have weighed in on AN. BidaskClub lowered shares of AutoNation from a “sell” rating to a “strong sell” rating in a report on Saturday. Deutsche Bank AG reduced their target price on shares of AutoNation from $46.00 to $43.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. Buckingham Research reduced their target price on shares of AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, August 3rd. Wells Fargo & Company reissued a “market perform” rating and set a $45.00 target price (down from $48.50) on shares of AutoNation in a report on Monday, July 17th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $49.00 target price on shares of AutoNation in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. AutoNation has an average rating of “Hold” and an average target price of $46.20.

AutoNation Company Profile

AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.

Insider Buying and Selling by Quarter for AutoNation (NYSE:AN)

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