AutoNation, Inc. (NYSE:AN) Major Shareholder Edward S. Lampert Sells 75,756 Shares

AutoNation, Inc. (NYSE:ANGet Rating) major shareholder Edward S. Lampert sold 75,756 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $110.49, for a total transaction of $8,370,280.44. Following the transaction, the insider now owns 7,124,726 shares in the company, valued at approximately $787,210,975.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

AutoNation Stock Down 2.9 %

AutoNation stock opened at $107.52 on Wednesday. AutoNation, Inc. has a 1-year low of $96.56 and a 1-year high of $135.57. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 4.62, a P/E/G ratio of 0.64 and a beta of 1.08. The company has a current ratio of 1.13, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The firm has a 50 day simple moving average of $119.67 and a 200 day simple moving average of $115.56.

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, beating analysts’ consensus estimates of $5.96 by $0.52. AutoNation had a net margin of 5.59% and a return on equity of 62.96%. The business had revenue of $6.87 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same period in the previous year, the business earned $4.83 EPS. AutoNation’s revenue was down 1.6% compared to the same quarter last year. On average, analysts predict that AutoNation, Inc. will post 24.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AN shares. StockNews.com cut shares of AutoNation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 13th. Guggenheim raised their price target on shares of AutoNation from $205.00 to $213.00 and gave the company a “buy” rating in a research report on Friday, July 22nd. JPMorgan Chase & Co. dropped their price target on shares of AutoNation from $150.00 to $135.00 in a research report on Friday, July 15th. Wells Fargo & Company raised their price target on shares of AutoNation to $159.00 in a research report on Friday, July 22nd. Finally, Argus initiated coverage on shares of AutoNation in a research report on Tuesday, August 23rd. They set a “buy” rating and a $150.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, AutoNation presently has an average rating of “Moderate Buy” and a consensus price target of $161.56.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AN. Marshall Wace LLP grew its stake in AutoNation by 745.6% in the 4th quarter. Marshall Wace LLP now owns 769,812 shares of the company’s stock valued at $89,950,000 after buying an additional 678,780 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of AutoNation by 73.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,166,834 shares of the company’s stock valued at $136,345,000 after purchasing an additional 495,490 shares in the last quarter. Natixis grew its position in shares of AutoNation by 491.8% during the 2nd quarter. Natixis now owns 446,400 shares of the company’s stock valued at $50,107,000 after purchasing an additional 370,972 shares in the last quarter. Millennium Management LLC grew its position in shares of AutoNation by 97.2% during the 4th quarter. Millennium Management LLC now owns 617,354 shares of the company’s stock valued at $72,138,000 after purchasing an additional 304,243 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of AutoNation by 229.4% during the 1st quarter. Pacer Advisors Inc. now owns 425,016 shares of the company’s stock valued at $42,323,000 after purchasing an additional 296,008 shares in the last quarter. 81.09% of the stock is currently owned by hedge funds and other institutional investors.

AutoNation Company Profile

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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.

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

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