AutoNation, Inc. (AN) Director Robert R. Grusky Sells 10,000 Shares

AutoNation, Inc. (NYSE:AN) Director Robert R. Grusky sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $51.99, for a total transaction of $519,900.00. Following the completion of the transaction, the director now directly owns 32,677 shares in the company, valued at approximately $1,698,877.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

AutoNation, Inc. (NYSE AN) traded up $0.90 during trading on Thursday, reaching $54.65. 1,639,920 shares of the company were exchanged, compared to its average volume of 1,300,933. The stock has a market capitalization of $4,990.00, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 2.01 and a beta of 1.28. The company has a current ratio of 0.73, a quick ratio of 0.17 and a debt-to-equity ratio of 0.59. AutoNation, Inc. has a 52 week low of $38.20 and a 52 week high of $57.83.

AutoNation (NYSE:AN) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.16. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.58 billion. AutoNation had a net margin of 1.87% and a return on equity of 16.40%. AutoNation’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. sell-side analysts anticipate that AutoNation, Inc. will post 3.76 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in AN. Ameritas Investment Partners Inc. increased its position in AutoNation by 1,332.8% during the third quarter. Ameritas Investment Partners Inc. now owns 19,500 shares of the company’s stock valued at $884,000 after acquiring an additional 18,139 shares during the last quarter. California Public Employees Retirement System increased its position in AutoNation by 6.6% during the third quarter. California Public Employees Retirement System now owns 176,140 shares of the company’s stock valued at $8,360,000 after acquiring an additional 10,940 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in AutoNation during the third quarter valued at $1,737,000. Cubist Systematic Strategies LLC bought a new position in AutoNation during the third quarter valued at $751,000. Finally, Point72 Asset Management L.P. increased its position in AutoNation by 315.4% during the third quarter. Point72 Asset Management L.P. now owns 107,700 shares of the company’s stock valued at $5,111,000 after acquiring an additional 157,700 shares during the last quarter. 77.74% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on AN shares. UBS Group downgraded shares of AutoNation from a “positive” rating to a “neutral” rating in a report on Thursday, September 28th. Northcoast Research downgraded shares of AutoNation from a “buy” rating to a “neutral” rating in a report on Wednesday, October 4th. Berenberg Bank started coverage on shares of AutoNation in a report on Wednesday, October 4th. They issued a “buy” rating and a $55.00 target price on the stock. Jefferies Group reissued a “hold” rating and issued a $44.00 target price on shares of AutoNation in a report on Sunday, September 10th. Finally, ValuEngine raised shares of AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. AutoNation has an average rating of “Hold” and an average target price of $46.88.

COPYRIGHT VIOLATION NOTICE: This piece was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/04/autonation-inc-an-director-robert-r-grusky-sells-10000-shares.html.

About AutoNation

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)

Receive News & Ratings for AutoNation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply