2,300 Shares in AutoNation, Inc. (NYSE:AN) Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC acquired a new position in shares of AutoNation, Inc. (NYSE:ANGet Rating) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,300 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its position in shares of AutoNation by 65.9% during the first quarter. CWM LLC now owns 297 shares of the company’s stock valued at $30,000 after acquiring an additional 118 shares during the last quarter. Tilia Fiduciary Partners Inc. increased its position in shares of AutoNation by 60.4% during the first quarter. Tilia Fiduciary Partners Inc. now owns 332 shares of the company’s stock valued at $33,000 after acquiring an additional 125 shares during the last quarter. DeDora Capital Inc. acquired a new stake in shares of AutoNation during the first quarter valued at about $34,000. AlphaCentric Advisors LLC acquired a new stake in shares of AutoNation during the fourth quarter valued at about $60,000. Finally, Endurance Wealth Management Inc. acquired a new stake in shares of AutoNation during the first quarter valued at about $90,000. 81.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AN shares. Stephens lifted their price target on shares of AutoNation to $130.00 in a research report on Monday, July 25th. Seaport Res Ptn upgraded shares of AutoNation from a “neutral” rating to a “buy” rating in a research report on Monday, July 25th. 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. Guggenheim raised their price objective on shares of AutoNation from $205.00 to $213.00 and gave the company a “buy” rating in a research note on Friday, July 22nd. Finally, Bank of America lowered their price objective on shares of AutoNation from $250.00 to $238.00 and set a “buy” rating for the company in a research note on Friday, September 9th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, AutoNation has a consensus rating of “Moderate Buy” and an average price target of $161.56.

Insider Buying and Selling

In other news, major shareholder Edward S. Lampert sold 4,587 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $117.55, for a total transaction of $539,201.85. Following the completion of the sale, the insider now owns 7,874,558 shares in the company, valued at approximately $925,654,292.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Edward S. Lampert sold 4,587 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $117.55, for a total transaction of $539,201.85. Following the completion of the sale, the insider now owns 7,874,558 shares in the company, valued at approximately $925,654,292.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Edward S. Lampert sold 75,756 shares of the business’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $110.49, for a total transaction of $8,370,280.44. Following the sale, the insider now owns 7,124,726 shares of the company’s stock, valued at approximately $787,210,975.74. The disclosure for this sale can be found here. Insiders sold 569,107 shares of company stock worth $66,895,392 over the last 90 days. 0.64% of the stock is owned by insiders.

AutoNation Stock Up 0.0 %

Shares of AutoNation stock opened at $107.54 on Thursday. AutoNation, Inc. has a 52-week low of $96.56 and a 52-week high of $135.57. The company has a 50 day moving average of $119.54 and a 200 day moving average of $115.50. The company has a quick ratio of 0.44, a current ratio of 1.13 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $6.02 billion, a P/E ratio of 4.63, a P/E/G ratio of 0.64 and a beta of 1.08.

AutoNation (NYSE:ANGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The company reported $6.48 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the previous year, the firm earned $4.83 earnings per share. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, research analysts forecast that AutoNation, Inc. will post 24.74 EPS for the current fiscal year.

AutoNation 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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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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