Hsbc Holdings PLC Has $4.05 Million Stock Position in AutoNation, Inc. (NYSE:AN)

Hsbc Holdings PLC lifted its position in AutoNation, Inc. (NYSE:ANFree Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,960 shares of the company’s stock after buying an additional 339 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of AutoNation worth $4,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. WealthPlan Investment Management LLC bought a new position in AutoNation during the third quarter worth $228,000. NBC Securities Inc. bought a new position in AutoNation during the third quarter worth $67,000. Kestra Private Wealth Services LLC increased its position in AutoNation by 37.2% during the third quarter. Kestra Private Wealth Services LLC now owns 7,380 shares of the company’s stock worth $1,117,000 after acquiring an additional 2,000 shares during the period. Oppenheimer & Co. Inc. increased its position in AutoNation by 11.7% during the third quarter. Oppenheimer & Co. Inc. now owns 5,606 shares of the company’s stock worth $849,000 after acquiring an additional 588 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in AutoNation during the third quarter worth $307,000. 94.62% of the stock is currently owned by institutional investors and hedge funds.

AutoNation Stock Down 2.0 %

Shares of NYSE:AN opened at $166.86 on Wednesday. AutoNation, Inc. has a 52 week low of $123.81 and a 52 week high of $182.08. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.23 and a current ratio of 0.79. The company’s fifty day moving average is $163.25 and its 200-day moving average is $151.01. The company has a market capitalization of $6.72 billion, a PE ratio of 7.91, a P/E/G ratio of 3.24 and a beta of 1.21.

AutoNation (NYSE:ANGet Free Report) last issued its earnings results on Friday, April 26th. The company reported $4.49 EPS for the quarter, beating the consensus estimate of $4.45 by $0.04. AutoNation had a net margin of 3.41% and a return on equity of 42.44%. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.49 billion. During the same quarter in the previous year, the company earned $6.05 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts predict that AutoNation, Inc. will post 18.44 earnings per share for the current fiscal year.

AutoNation declared that its board has initiated a share repurchase plan on Friday, April 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 14.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, major shareholder Edward S. Lampert sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $161.26, for a total transaction of $16,126,000.00. Following the transaction, the insider now owns 4,167,270 shares in the company, valued at approximately $672,013,960.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director David B. Edelson sold 10,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $168.00, for a total transaction of $1,680,000.00. Following the transaction, the director now owns 48,793 shares in the company, valued at approximately $8,197,224. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Edward S. Lampert sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $161.26, for a total transaction of $16,126,000.00. Following the transaction, the insider now owns 4,167,270 shares in the company, valued at $672,013,960.20. The disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AN shares. Bank of America lowered their price target on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Guggenheim boosted their price target on shares of AutoNation from $169.00 to $187.00 and gave the company a “buy” rating in a report on Friday, May 17th. Wells Fargo & Company boosted their price target on shares of AutoNation from $153.00 to $169.00 and gave the company an “equal weight” rating in a report on Monday, April 29th. StockNews.com lowered shares of AutoNation from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of AutoNation from $142.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.88.

View Our Latest Report on AN

AutoNation Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding AN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoNation, Inc. (NYSE:ANFree Report).

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

Receive News & Ratings for AutoNation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation and related companies with MarketBeat.com's FREE daily email newsletter.