Empowered Funds LLC decreased its stake in shares of AutoNation, Inc. (NYSE:AN – Get Rating) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,910 shares of the company's stock after selling 1,377 shares during the period. Empowered Funds LLC owned 0.07% of AutoNation worth $3,658,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of AN. Natixis increased its position in AutoNation by 491.8% during the second quarter. Natixis now owns 446,400 shares of the company's stock worth $50,107,000 after buying an additional 370,972 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of AutoNation by 29.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,505,122 shares of the company's stock worth $149,880,000 after purchasing an additional 338,288 shares during the last quarter. Barclays PLC boosted its holdings in shares of AutoNation by 17.3% during the third quarter. Barclays PLC now owns 843,700 shares of the company's stock worth $85,948,000 after purchasing an additional 124,523 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of AutoNation by 2.6% during the first quarter. Vanguard Group Inc. now owns 4,820,370 shares of the company's stock worth $480,012,000 after purchasing an additional 123,772 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of AutoNation by 27.1% during the third quarter. Wedge Capital Management L L P NC now owns 355,982 shares of the company's stock worth $36,264,000 after purchasing an additional 75,864 shares during the last quarter. Hedge funds and other institutional investors own 86.31% of the company's stock.
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Insider Buying and Selling at AutoNation
In other AutoNation news, major shareholder Edward S. Lampert sold 125,000 shares of AutoNation stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $104.82, for a total value of $13,102,500.00. Following the completion of the transaction, the insider now directly owns 5,878,888 shares in the company, valued at $616,225,040.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Edward S. Lampert sold 125,000 shares of the stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $104.82, for a total value of $13,102,500.00. Following the completion of the transaction, the insider now directly owns 5,878,888 shares of the company's stock, valued at approximately $616,225,040.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marc G. Cannon sold 1,850 shares of the firm's stock in a transaction that occurred on Tuesday, November 29th. The shares were sold at an average price of $122.50, for a total value of $226,625.00. Following the completion of the sale, the executive vice president now owns 13,401 shares in the company, valued at $1,641,622.50. The disclosure for this sale can be found here. Insiders sold a total of 344,019 shares of company stock worth $37,978,902 over the last ninety days. Company insiders own 0.64% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on AN shares. JPMorgan Chase & Co. cut AutoNation from an "overweight" rating to a "neutral" rating and set a $125.00 price objective on the stock. in a report on Thursday, October 6th. Morgan Stanley cut AutoNation from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $104.00 to $96.00 in a report on Tuesday, January 17th. Wells Fargo & Company cut AutoNation from an "overweight" rating to an "equal weight" rating and set a $126.00 target price on the stock. in a report on Friday, January 13th. StockNews.com initiated coverage on AutoNation in a report on Wednesday, October 12th. They issued a "buy" rating on the stock. Finally, Guggenheim lifted their target price on AutoNation to $154.00 in a report on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $144.88.
AutoNation Stock Down 1.3 %
AutoNation stock traded down $1.50 during midday trading on Tuesday, hitting $114.16. The stock had a trading volume of 5,436 shares, compared to its average volume of 712,769. The company has a current ratio of 1.05, a quick ratio of 0.42 and a debt-to-equity ratio of 1.57. The stock has a market cap of $5.66 billion, a P/E ratio of 4.73, a P/E/G ratio of 1.31 and a beta of 1.16. AutoNation, Inc. has a 12 month low of $94.92 and a 12 month high of $135.57. The business has a fifty day moving average price of $113.86 and a 200 day moving average price of $113.72.
AutoNation (NYSE:AN – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $6.00 earnings per share for the quarter, missing the consensus estimate of $6.32 by ($0.32). The firm had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.65 billion. AutoNation had a net margin of 5.50% and a return on equity of 62.53%. Research analysts predict that AutoNation, Inc. will post 24.07 EPS for the current year.
About AutoNation
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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 Stellantis.
Further Reading
- Get a free copy of the StockNews.com research report on AutoNation (AN)
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