AutoNation, Inc. (AN) Director Robert R. Grusky Sells 10,000 Shares
AutoNation, Inc. (NYSE:AN) Director Robert R. Grusky sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $51.99, for a total value of $519,900.00. Following the completion of the sale, the director now owns 32,677 shares in the company, valued at $1,698,877.23. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of AutoNation, Inc. (NYSE AN) traded up $0.62 on Friday, reaching $55.29. The company had a trading volume of 266,133 shares, compared to its average volume of 841,908. The company has a quick ratio of 0.17, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $5,040.00, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28. AutoNation, Inc. has a 1 year low of $38.20 and a 1 year high of $57.83.
AutoNation (NYSE:AN) last released its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.16. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.58 billion. AutoNation had a return on equity of 16.40% and a net margin of 1.87%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. equities research analysts expect that AutoNation, Inc. will post 3.76 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of AutoNation by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,890 shares of the company’s stock valued at $206,000 after acquiring an additional 24 shares during the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in shares of AutoNation in the 3rd quarter valued at $212,000. Nomura Holdings Inc. bought a new stake in shares of AutoNation in the 2nd quarter valued at $219,000. Sei Investments Co. increased its position in shares of AutoNation by 753.7% in the 2nd quarter. Sei Investments Co. now owns 5,754 shares of the company’s stock valued at $242,000 after buying an additional 5,080 shares in the last quarter. Finally, Pinebridge Investments L.P. bought a new stake in shares of AutoNation in the 2nd quarter valued at $250,000. Institutional investors own 77.74% of the company’s stock.
Several equities analysts have recently issued reports on AN shares. Wells Fargo & Co reiterated a “market perform” rating and set a $50.00 price target (up from $40.00) on shares of AutoNation in a research report on Monday, November 6th. Susquehanna Bancshares reaffirmed a “negative” rating on shares of AutoNation in a research report on Thursday, September 28th. ValuEngine raised AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Jefferies Group raised their target price on AutoNation from $44.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Finally, Moffett Nathanson started coverage on AutoNation in a research report on Monday, December 4th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.88.
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.
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