Teachers Advisors LLC raised its stake in AutoNation, Inc. (NYSE:AN) by 5.5% during the first quarter, Holdings Channel reports. The institutional investor owned 83,685 shares of the company’s stock after buying an additional 4,354 shares during the period. Teachers Advisors LLC’s holdings in AutoNation were worth $3,539,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AN. Nordea Investment Management AB boosted its position in AutoNation by 43.8% in the first quarter. Nordea Investment Management AB now owns 3,285 shares of the company’s stock valued at $139,000 after buying an additional 1,000 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in AutoNation by 178.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 4,454 shares of the company’s stock valued at $198,000 after buying an additional 2,854 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in AutoNation during the first quarter valued at $206,000. Kentucky Retirement Systems acquired a new position in AutoNation during the fourth quarter valued at $232,000. Finally, Xact Kapitalforvaltning AB acquired a new position in AutoNation during the first quarter valued at $238,000. 65.97% of the stock is owned by institutional investors and hedge funds.

AutoNation, Inc. (AN) traded up 1.1885% during midday trading on Friday, hitting $40.8599. The stock had a trading volume of 169,629 shares. AutoNation, Inc. has a 1-year low of $38.20 and a 1-year high of $53.74. The company’s 50 day moving average is $41.44 and its 200 day moving average is $43.04. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 10.1743 and a beta of 1.24.

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

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Several research firms recently weighed in on AN. Morgan Stanley cut their price objective on AutoNation from $57.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, June 9th. Wells Fargo & Company restated a “market perform” rating and set a $45.00 price target (down from $48.50) on shares of AutoNation in a research note on Monday, July 17th. Deutsche Bank AG restated a “hold” rating and set a $46.00 price target (down from $50.00) on shares of AutoNation in a research note on Thursday, June 22nd. ValuEngine lowered AutoNation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Buckingham Research lowered their price target on AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, nine 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 a consensus price target of $46.20.

In other news, Director Robert R. Grusky sold 2,800 shares of AutoNation stock in a transaction that occurred 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 sale, the director now directly owns 30,713 shares in the company, valued at $1,197,499.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.10% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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