Kestra Advisory Services LLC Acquires 147 Shares of AutoNation, Inc. (NYSE:AN)

Kestra Advisory Services LLC boosted its holdings in AutoNation, Inc. (NYSE:ANGet Rating) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,811 shares of the company’s stock after acquiring an additional 147 shares during the quarter. Kestra Advisory Services LLC’s holdings in AutoNation were worth $379,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AN. New Century Advisors LLC purchased a new position in shares of AutoNation in the 4th quarter worth about $29,000. CWM LLC boosted its holdings in shares of AutoNation by 65.9% in the 1st quarter. CWM LLC now owns 297 shares of the company’s stock worth $30,000 after purchasing an additional 118 shares in the last quarter. Tilia Fiduciary Partners Inc. boosted its holdings in shares of AutoNation by 60.4% in the 1st quarter. Tilia Fiduciary Partners Inc. now owns 332 shares of the company’s stock worth $33,000 after purchasing an additional 125 shares in the last quarter. DeDora Capital Inc. purchased a new position in shares of AutoNation in the 1st quarter worth about $34,000. Finally, First Quadrant L P CA purchased a new position in shares of AutoNation in the 4th quarter worth about $38,000. 84.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other AutoNation news, major shareholder Edward S. Lampert sold 200,617 shares of the stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $114.41, for a total value of $22,952,590.97. Following the completion of the sale, the insider now owns 7,981,453 shares in the company, valued at approximately $913,158,037.73. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, major shareholder Edward S. Lampert sold 200,617 shares of the stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $114.41, for a total value of $22,952,590.97. Following the completion of the transaction, the insider now owns 7,981,453 shares of the company’s stock, valued at approximately $913,158,037.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Christopher Cade sold 8,627 shares of the stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $114.69, for a total value of $989,430.63. The disclosure for this sale can be found here. In the last 90 days, insiders sold 664,795 shares of company stock worth $77,363,265. 0.64% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded AutoNation from a “buy” rating to a “strong-buy” rating in a report on Friday. Truist Financial upgraded AutoNation from a “hold” rating to a “buy” rating and upped their price objective for the stock from $130.00 to $140.00 in a report on Monday, April 25th. JPMorgan Chase & Co. dropped their target price on AutoNation from $150.00 to $135.00 in a report on Friday, July 15th. Wells Fargo & Company increased their target price on AutoNation to $159.00 in a report on Friday. Finally, Morgan Stanley dropped their target price on AutoNation from $107.00 to $104.00 and set an “equal weight” rating for the company in a report on Thursday, July 14th. Two investment 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $153.86.

AutoNation Trading Up 1.3 %

NYSE AN opened at $117.07 on Friday. AutoNation, Inc. has a fifty-two week low of $96.56 and a fifty-two week high of $133.48. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.55 and a current ratio of 1.16. The stock has a 50 day simple moving average of $115.80 and a two-hundred day simple moving average of $112.34. The stock has a market cap of $7.18 billion, a P/E ratio of 5.42, a price-to-earnings-growth ratio of 0.21 and a beta of 1.13.

AutoNation (NYSE:ANGet Rating) last released its quarterly earnings data on Thursday, July 21st. The company reported $6.48 earnings per share for the quarter, topping the consensus estimate of $6.22 by $0.26. AutoNation had a return on equity of 59.93% and a net margin of 5.60%. The business had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.97 billion. During the same quarter last year, the business posted $4.83 EPS. The business’s revenue was down 1.6% on a year-over-year basis. On average, analysts forecast that AutoNation, Inc. will post 23.42 earnings per share for the current year.

About AutoNation

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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.

See Also

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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