Telemus Capital LLC boosted its stake in shares of AutoNation, Inc. (NYSE:AN) by 4.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,280 shares of the company’s stock after buying an additional 2,860 shares during the period. Telemus Capital LLC’s holdings in AutoNation were worth $2,676,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado boosted its position in AutoNation by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,096 shares of the company’s stock valued at $102,000 after buying an additional 9 shares in the last quarter. Blenheim Capital Management BV purchased a new position in AutoNation during the fourth quarter valued at $144,000. Riverhead Capital Management LLC boosted its position in AutoNation by 13.6% in the third quarter. Riverhead Capital Management LLC now owns 3,600 shares of the company’s stock valued at $175,000 after buying an additional 432 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in AutoNation by 56.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,491 shares of the company’s stock valued at $218,000 after buying an additional 1,619 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new position in AutoNation during the fourth quarter valued at $232,000. Institutional investors and hedge funds own 66.90% of the company’s stock.

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

Shares of AutoNation, Inc. (NYSE:AN) traded up 3.03% during trading on Tuesday, hitting $41.55. The stock had a trading volume of 2,941,185 shares. AutoNation, Inc. has a 52-week low of $39.13 and a 52-week high of $54.15. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 10.02 and a beta of 1.05. The firm’s 50-day moving average is $43.21 and its 200 day moving average is $46.60.

AutoNation (NYSE:AN) last announced its quarterly earnings results on Friday, February 3rd. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by $0.01. AutoNation had a net margin of 1.99% and a return on equity of 19.32%. The firm had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.58 billion. During the same period in the prior year, the business earned $0.96 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts expect that AutoNation, Inc. will post $4.01 EPS for the current year.

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Several equities analysts have weighed in on the company. TheStreet upgraded AutoNation from a “hold” rating to a “buy” rating in a report on Wednesday, January 4th. Evercore ISI cut AutoNation from a “buy” rating to a “hold” rating in a report on Monday, February 6th. Jefferies Group LLC restated a “hold” rating and set a $49.00 price target on shares of AutoNation in a report on Monday, February 6th. Finally, Susquehanna Bancshares Inc assumed coverage on AutoNation in a report on Thursday, February 2nd. They set a “neutral” rating and a $49.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $49.40.

In related news, EVP Jonathan P. Ferrando sold 49,347 shares of AutoNation stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $48.88, for a total transaction of $2,412,081.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Edward S. Lampert sold 4,773 shares of AutoNation stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $53.32, for a total transaction of $254,496.36. The disclosure for this sale can be found here. Insiders have sold a total of 434,610 shares of company stock valued at $19,844,902 over the last three months. 2.90% of the stock is currently owned by insiders.

AutoNation Company Profile

AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.

5 Day Chart for NYSE:AN

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