AutoNation, Inc. (NYSE:AN) CAO Christopher Cade Sells 8,627 Shares

AutoNation, Inc. (NYSE:ANGet Rating) CAO Christopher Cade sold 8,627 shares of the firm’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $114.69, for a total transaction of $989,430.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

AN opened at $116.25 on Friday. AutoNation, Inc. has a fifty-two week low of $88.32 and a fifty-two week high of $133.48. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.31 and a current ratio of 0.92. The company has a market capitalization of $7.13 billion, a P/E ratio of 5.38, a P/E/G ratio of 0.21 and a beta of 1.35. The stock has a fifty day moving average of $109.36 and a 200-day moving average of $113.89.

AutoNation (NYSE:ANGet Rating) last posted its earnings results on Thursday, April 21st. The company reported $5.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.25 by $0.53. AutoNation had a return on equity of 58.84% and a net margin of 5.60%. The company had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.51 billion. During the same quarter last year, the firm earned $2.79 earnings per share. The company’s revenue was up 14.4% on a year-over-year basis. On average, equities research analysts predict that AutoNation, Inc. will post 20.16 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. increased its position in shares of AutoNation by 699.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 84,204 shares of the company’s stock worth $9,839,000 after purchasing an additional 73,677 shares during the period. Brandywine Global Investment Management LLC increased its position in shares of AutoNation by 6.6% in the third quarter. Brandywine Global Investment Management LLC now owns 166,153 shares of the company’s stock worth $20,231,000 after purchasing an additional 10,304 shares during the period. Balyasny Asset Management LLC bought a new position in shares of AutoNation in the third quarter worth $3,450,000. EAM Global Investors LLC bought a new position in shares of AutoNation in the third quarter worth $1,280,000. Finally, Janney Montgomery Scott LLC increased its position in shares of AutoNation by 41.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,735 shares of the company’s stock worth $2,189,000 after purchasing an additional 5,469 shares during the period. Institutional investors own 91.80% of the company’s stock.

Several equities analysts recently weighed in on the stock. Truist Financial raised shares of AutoNation from a “hold” rating to a “buy” rating and raised their target price for the company from $130.00 to $140.00 in a research note on Monday. Morgan Stanley raised their target price on shares of AutoNation from $103.00 to $108.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 8th. JPMorgan Chase & Co. raised AutoNation from a “neutral” rating to an “overweight” rating and cut their price target for the company from $140.00 to $130.00 in a report on Thursday, April 7th. Wells Fargo & Company raised their price target on AutoNation from $137.00 to $153.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. Finally, StockNews.com raised AutoNation from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 9th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $146.86.

About AutoNation (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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