Edward S. Lampert Sells 200 Shares of AutoNation, Inc. (NYSE:AN) Stock

AutoNation, Inc. (NYSE:ANGet Rating) major shareholder Edward S. Lampert sold 200 shares of the firm’s stock in a transaction dated Tuesday, April 12th. The shares were sold at an average price of $107.41, for a total value of $21,482.00. Following the completion of the transaction, the insider now owns 9,294,350 shares in the company, valued at approximately $998,306,133.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

AN stock opened at $101.46 on Friday. The company has a market cap of $6.23 billion, a P/E ratio of 5.43, a price-to-earnings-growth ratio of 0.21 and a beta of 1.35. AutoNation, Inc. has a fifty-two week low of $88.32 and a fifty-two week high of $133.48. The stock’s 50 day simple moving average is $109.05 and its 200 day simple moving average is $114.80. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.31 and a current ratio of 0.92.

AutoNation (NYSE:ANGet Rating) last announced its quarterly earnings data on Thursday, February 17th. The company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $5.00 by $0.76. AutoNation had a return on equity of 50.46% and a net margin of 5.31%. The business had revenue of $6.58 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same period in the prior year, the company earned $2.43 earnings per share. AutoNation’s revenue was up 13.8% compared to the same quarter last year. Equities analysts predict that AutoNation, Inc. will post 20.16 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its position in shares of AutoNation by 2.1% during the third quarter. Franklin Resources Inc. now owns 4,701 shares of the company’s stock worth $572,000 after purchasing an additional 95 shares in the last quarter. Allworth Financial LP grew its position in shares of AutoNation by 20.0% during the third quarter. Allworth Financial LP now owns 583 shares of the company’s stock worth $71,000 after acquiring an additional 97 shares during the last quarter. HighTower Advisors LLC grew its position in AutoNation by 1.7% in the 3rd quarter. HighTower Advisors LLC now owns 6,148 shares of the company’s stock valued at $750,000 after buying an additional 101 shares in the last quarter. Leuthold Group LLC grew its position in AutoNation by 0.3% in the 3rd quarter. Leuthold Group LLC now owns 36,434 shares of the company’s stock valued at $4,436,000 after buying an additional 118 shares in the last quarter. Finally, Greenleaf Trust grew its position in AutoNation by 1.6% in the 3rd quarter. Greenleaf Trust now owns 7,878 shares of the company’s stock valued at $959,000 after buying an additional 122 shares in the last quarter. 91.80% of the stock is currently owned by institutional investors.

AN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised AutoNation from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $140.00 to $130.00 in a research report on Thursday, April 7th. Morgan Stanley lifted their target price on AutoNation from $103.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 8th. Wells Fargo & Company assumed coverage on AutoNation in a research note on Tuesday, January 18th. They set an “overweight” rating and a $135.00 target price for the company. Finally, StockNews.com upgraded AutoNation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 9th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AutoNation has a consensus rating of “Buy” and a consensus target price of $142.86.

AutoNation Company Profile (Get Rating)

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.

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

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