AutoNation, Inc. (NYSE:AN) Stake Reduced by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in AutoNation, Inc. (NYSE:AN – Get Rating) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,128 shares of the company’s stock after selling 97 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in AutoNation were worth $420,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AN. Vanguard Group Inc. grew its stake in AutoNation by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 4,820,370 shares of the company’s stock valued at $480,012,000 after acquiring an additional 123,772 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in AutoNation by 29.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,505,122 shares of the company’s stock valued at $149,880,000 after acquiring an additional 338,288 shares in the last quarter. AQR Capital Management LLC grew its stake in AutoNation by 7.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,008,532 shares of the company’s stock valued at $111,685,000 after acquiring an additional 66,127 shares in the last quarter. Invesco Ltd. grew its stake in AutoNation by 4.2% during the 1st quarter. Invesco Ltd. now owns 908,463 shares of the company’s stock valued at $90,466,000 after acquiring an additional 36,620 shares in the last quarter. Finally, Natixis lifted its holdings 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 buying an additional 370,972 shares during the last quarter. Hedge funds and other institutional investors own 86.31% of the company’s stock.

Insider Activity

In other news, major shareholder Edward S. Lampert sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $104.82, for a total transaction of $13,102,500.00. Following the sale, the insider now directly owns 5,878,888 shares in the company, valued at $616,225,040.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Marc G. Cannon sold 1,850 shares of the business’s stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $122.50, for a total transaction of $226,625.00. Following the sale, the executive vice president now directly owns 13,401 shares in the company, valued at $1,641,622.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Edward S. Lampert sold 125,000 shares of the company’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $104.82, for a total value of $13,102,500.00. Following the completion of the sale, the insider now owns 5,878,888 shares in the company, valued at $616,225,040.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 344,019 shares of company stock worth $37,978,902. Company insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AN. StockNews.com began coverage on AutoNation in a report on Wednesday, October 12th. They set a “buy” rating for the company. Guggenheim lifted their price target on AutoNation to $154.00 in a report on Tuesday, November 1st. Morgan Stanley lowered AutoNation from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $104.00 to $96.00 in a report on Tuesday, January 17th. JPMorgan Chase & Co. lowered AutoNation from an “overweight” rating to a “neutral” rating and set a $125.00 price target for the company. in a report on Thursday, October 6th. Finally, Wells Fargo & Company lowered AutoNation from an “overweight” rating to an “equal weight” rating and set a $126.00 target price for the company. in a report on Friday, January 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.88.

AutoNation Stock Up 1.7 %

Shares of AN stock opened at $115.66 on Tuesday. AutoNation, Inc. has a 12 month low of $94.92 and a 12 month high of $135.57. The firm has a market cap of $5.73 billion, a PE ratio of 4.73, a price-to-earnings-growth ratio of 1.31 and a beta of 1.16. The stock has a 50 day moving average of $113.86 and a 200-day moving average of $113.72. The company has a quick ratio of 0.42, a current ratio of 1.05 and a debt-to-equity ratio of 1.57.

AutoNation (NYSE:AN – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported $6.00 EPS for the quarter, missing analysts’ consensus estimates of $6.32 by ($0.32). The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.65 billion. AutoNation had a return on equity of 62.53% and a net margin of 5.50%. On average, equities analysts predict that AutoNation, Inc. will post 24.07 EPS for the current year.

About AutoNation

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AutoNation, Inc engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury, and Corporate & Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Stellantis.