Tredje AP fonden cut its holdings in AutoNation, Inc. (NYSE:AN) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 18,392 shares of the company’s stock after selling 1,117 shares during the period. Tredje AP fonden’s holdings in AutoNation were worth $775,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in shares of AutoNation by 2,957.8% during the 1st quarter. BlackRock Inc. now owns 4,175,382 shares of the company’s stock valued at $176,578,000 after buying an additional 4,038,834 shares during the period. Victory Capital Management Inc. grew its stake in shares of AutoNation by 175,288.8% during the 2nd quarter. Victory Capital Management Inc. now owns 2,090,635 shares of the company’s stock valued at $88,142,000 after buying an additional 2,089,443 shares during the period. Kiltearn Partners LLP purchased a new stake in shares of AutoNation during the 1st quarter valued at $85,413,000. WS Management Lllp purchased a new stake in shares of AutoNation during the 1st quarter valued at $22,593,000. Finally, Prudential Financial Inc. grew its stake in shares of AutoNation by 139.5% during the 2nd quarter. Prudential Financial Inc. now owns 506,075 shares of the company’s stock valued at $21,337,000 after buying an additional 294,750 shares during the period. Institutional investors own 73.44% of the company’s stock.

In other news, 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 transaction of $109,172.00. Following the transaction, the director now owns 30,713 shares in the company, valued at approximately $1,197,499.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.

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Shares of AutoNation, Inc. (NYSE:AN) opened at 46.00 on Friday. AutoNation, Inc. has a 12 month low of $38.20 and a 12 month high of $53.74. The company’s 50-day moving average is $42.64 and its 200-day moving average is $42.01. The stock has a market capitalization of $4.62 billion, a PE ratio of 11.45 and a beta of 1.22.

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

AutoNation announced that its board has initiated a stock repurchase program on Tuesday, August 29th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

AN has been the subject of several research reports. Northcoast Research raised shares of AutoNation from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Thursday, June 8th. ValuEngine cut shares of AutoNation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Deutsche Bank AG reissued a “hold” rating and set a $46.00 price objective (down from $50.00) on shares of AutoNation in a research note on Thursday, June 22nd. Jefferies Group LLC reissued a “hold” rating and set a $49.00 price objective on shares of AutoNation in a research note on Thursday, July 6th. Finally, KeyCorp reissued a “hold” rating on shares of AutoNation in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $45.70.

AutoNation 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.

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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