AutoNation, Inc. (NYSE:AN) Major Shareholder Edward S. Lampert Sells 65,944 Shares

AutoNation, Inc. (NYSE:ANGet Rating) major shareholder Edward S. Lampert sold 65,944 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $107.64, for a total value of $7,098,212.16. Following the completion of the transaction, the insider now directly owns 8,460,954 shares of the company’s stock, valued at approximately $910,737,088.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

NYSE:AN traded up $4.64 during trading hours on Wednesday, reaching $114.84. 848,907 shares of the company traded hands, compared to its average volume of 907,298. AutoNation, Inc. has a 1 year low of $88.32 and a 1 year high of $133.48. The stock has a market capitalization of $7.05 billion, a P/E ratio of 5.32, a P/E/G ratio of 0.20 and a beta of 1.14. The business’s 50-day moving average price is $111.52 and its two-hundred day moving average price is $113.45. The company has a current ratio of 1.16, a quick ratio of 0.55 and a debt-to-equity ratio of 1.51.

AutoNation (NYSE:ANGet Rating) last posted its quarterly earnings results on Thursday, April 21st. The company reported $5.78 EPS for the quarter, beating analysts’ consensus estimates of $5.39 by $0.39. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.51 billion. AutoNation had a net margin of 5.60% and a return on equity of 59.93%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.79 earnings per share. As a group, equities analysts anticipate that AutoNation, Inc. will post 22.16 EPS for the current year.

AN has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on shares of AutoNation from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Friday, May 20th. Wells Fargo & Company increased their target price on shares of AutoNation from $137.00 to $153.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. StockNews.com lowered shares of AutoNation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 19th. Truist Financial raised shares of AutoNation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $130.00 to $140.00 in a research note on Monday, April 25th. Finally, JPMorgan Chase & Co. upgraded AutoNation from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $140.00 to $130.00 in a report on Thursday, April 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, AutoNation has a consensus rating of “Buy” and an average target price of $146.71.

Large investors have recently bought and sold shares of the business. Castellan Group lifted its stake in shares of AutoNation by 13.6% in the 1st quarter. Castellan Group now owns 19,725 shares of the company’s stock worth $1,964,000 after purchasing an additional 2,360 shares during the period. Lido Advisors LLC grew its position in shares of AutoNation by 5.2% during the 1st quarter. Lido Advisors LLC now owns 6,303 shares of the company’s stock valued at $627,000 after acquiring an additional 314 shares during the period. Delphia USA Inc. grew its holdings in AutoNation by 23.7% during the first quarter. Delphia USA Inc. now owns 3,640 shares of the company’s stock valued at $362,000 after purchasing an additional 698 shares during the period. Eaton Vance Management raised its stake in shares of AutoNation by 48.1% in the first quarter. Eaton Vance Management now owns 45,965 shares of the company’s stock worth $4,576,000 after buying an additional 14,938 shares during the period. Finally, Ensign Peak Advisors Inc lifted its position in shares of AutoNation by 20.3% during the 1st quarter. Ensign Peak Advisors Inc now owns 77,657 shares of the company’s stock valued at $7,734,000 after buying an additional 13,115 shares in the last quarter. 84.44% of the stock is owned by institutional investors and hedge funds.

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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