AutoNation, Inc. (NYSE:AN) Director Robert R. Grusky sold 2,800 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $38.99, for a total value of $109,172.00. Following the completion of the transaction, the director now directly owns 30,713 shares in the company, valued at approximately $1,197,499.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

AutoNation, Inc. (AN) opened at 40.00 on Wednesday. The firm has a 50-day moving average of $41.38 and a 200 day moving average of $43.37. AutoNation, Inc. has a 1-year low of $38.20 and a 1-year high of $53.74. The firm has a market cap of $4.00 billion, a P/E ratio of 9.96 and a beta of 1.24.

AutoNation (NYSE:AN) last posted its earnings results on Wednesday, August 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by $0.12. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.56 billion. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 earnings per share. On average, analysts predict that AutoNation, Inc. will post $3.59 EPS for the current year.

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AN has been the topic of several recent analyst reports. Northcoast Research raised AutoNation from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Thursday, June 8th. ValuEngine lowered AutoNation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Deutsche Bank AG reissued a “hold” rating and issued a $50.00 target price (down previously from $52.00) on shares of AutoNation in a report on Saturday, April 29th. Jefferies Group LLC restated a “hold” rating and issued a $49.00 price objective on shares of AutoNation in a research note on Thursday, July 6th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $45.00 price objective (down previously from $48.50) on shares of AutoNation in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $46.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in AutoNation by 2,957.8% in the first quarter. BlackRock Inc. now owns 4,175,382 shares of the company’s stock worth $176,578,000 after buying an additional 4,038,834 shares during the last quarter. Harris Associates L P raised its position in AutoNation by 324.0% in the first quarter. Harris Associates L P now owns 5,038,530 shares of the company’s stock worth $213,079,000 after buying an additional 3,850,104 shares during the last quarter. Victory Capital Management Inc. raised its position in AutoNation by 175,288.8% in the second quarter. Victory Capital Management Inc. now owns 2,090,635 shares of the company’s stock worth $88,142,000 after buying an additional 2,089,443 shares during the last quarter. Kiltearn Partners LLP purchased a new position in AutoNation during the first quarter worth about $85,413,000. Finally, WS Management Lllp purchased a new position in AutoNation during the first quarter worth about $22,593,000. 65.97% of the stock is owned by hedge funds and other institutional investors.

About AutoNation

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.

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

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