Hudson Bay Capital Management LP increased its stake in AutoNation, Inc. (NYSE:AN) by 83.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,602 shares of the company’s stock after acquiring an additional 16,602 shares during the period. Hudson Bay Capital Management LP’s holdings in AutoNation were worth $2,554,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new position in shares of AutoNation in the 4th quarter worth $29,000. JJJ Advisors Inc. increased its stake in AutoNation by 275.9% during the fourth quarter. JJJ Advisors Inc. now owns 436 shares of the company’s stock worth $30,000 after acquiring an additional 320 shares during the last quarter. Royal London Asset Management Ltd. purchased a new position in shares of AutoNation in the 4th quarter worth about $41,000. McIlrath & Eck LLC raised its holdings in shares of AutoNation by 115.1% in the 4th quarter. McIlrath & Eck LLC now owns 626 shares of the company’s stock worth $44,000 after purchasing an additional 335 shares during the period. Finally, CENTRAL TRUST Co acquired a new position in shares of AutoNation in the 4th quarter valued at about $52,000. 63.36% of the stock is currently owned by institutional investors and hedge funds.
In other AutoNation news, EVP Marc G. Cannon sold 981 shares of the stock in a transaction on Monday, March 8th. The shares were sold at an average price of $90.00, for a total transaction of $88,290.00. Following the transaction, the executive vice president now directly owns 34,964 shares in the company, valued at approximately $3,146,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Edward S. Lampert sold 3,989 shares of the firm’s stock in a transaction on Friday, January 8th. The stock was sold at an average price of $76.10, for a total transaction of $303,562.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 293,373 shares of company stock valued at $23,214,316. 2.10% of the stock is owned by insiders.
AutoNation (NYSE:AN) last announced its earnings results on Monday, February 15th. The company reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.42. AutoNation had a return on equity of 17.17% and a net margin of 1.92%. The company had revenue of $5.79 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period last year, the firm earned $1.32 earnings per share. Analysts forecast that AutoNation, Inc. will post 6.73 earnings per share for the current fiscal year.
Several research analysts recently commented on the stock. Morgan Stanley raised their price target on shares of AutoNation from $56.00 to $60.00 and gave the company an “underweight” rating in a report on Thursday, February 25th. Truist raised their target price on shares of AutoNation from $73.00 to $80.00 in a research note on Thursday, February 18th. Finally, JPMorgan Chase & Co. cut shares of AutoNation from an “overweight” rating to a “neutral” rating and set a $75.00 price target for the company. in a research report on Friday, January 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. AutoNation has an average rating of “Hold” and an average price target of $63.50.
AutoNation, Inc engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury, and Corporate & Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Chrysler.
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