Insider Selling: AutoNation, Inc. (AN) Director Sells 42,000 Shares of Stock

AutoNation, Inc. (NYSE:AN) Director David B. Edelson sold 42,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $48.28, for a total value of $2,027,760.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

AN stock traded down $0.04 during midday trading on Thursday, hitting $47.71. The stock had a trading volume of 761,691 shares, compared to its average volume of 920,041. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.50 and a beta of 1.37. AutoNation, Inc. has a 52-week low of $38.59 and a 52-week high of $62.02. The company has a quick ratio of 0.21, a current ratio of 0.86 and a debt-to-equity ratio of 0.79.

AutoNation (NYSE:AN) last issued its quarterly earnings results on Tuesday, May 1st. The company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.01. The company had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $5.28 billion. AutoNation had a return on equity of 15.97% and a net margin of 1.99%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 earnings per share. equities research analysts expect that AutoNation, Inc. will post 4.81 earnings per share for the current fiscal year.

AN has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on AutoNation from $49.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, March 14th. Guggenheim began coverage on AutoNation in a research note on Monday, April 16th. They issued a “neutral” rating on the stock. Finally, ValuEngine cut AutoNation from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.75.

Hedge funds have recently modified their holdings of the stock. Kiltearn Partners LLP lifted its holdings in shares of AutoNation by 0.7% during the first quarter. Kiltearn Partners LLP now owns 1,891,474 shares of the company’s stock valued at $86,724,000 after purchasing an additional 12,900 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of AutoNation during the fourth quarter valued at $5,215,000. Meadow Creek Investment Management LLC lifted its holdings in shares of AutoNation by 15.2% during the fourth quarter. Meadow Creek Investment Management LLC now owns 8,260 shares of the company’s stock valued at $424,000 after purchasing an additional 1,092 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of AutoNation by 3.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 273,865 shares of the company’s stock valued at $12,812,000 after purchasing an additional 8,477 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of AutoNation during the fourth quarter valued at $276,000. 67.42% of the stock is currently owned by institutional investors.

AutoNation Company Profile

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.

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

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