20,085 Shares in AutoNation, Inc. (AN) Purchased by Meeder Asset Management Inc.
Meeder Asset Management Inc. acquired a new position in AutoNation, Inc. (NYSE:AN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,085 shares of the company’s stock, valued at approximately $1,032,000.
A number of other hedge funds have also recently modified their holdings of AN. State of Alaska Department of Revenue bought a new stake in AutoNation in the 4th quarter worth about $195,000. Sheaff Brock Investment Advisors LLC bought a new stake in AutoNation in the 3rd quarter worth about $212,000. Nomura Holdings Inc. bought a new stake in AutoNation in the 2nd quarter worth about $219,000. DekaBank Deutsche Girozentrale grew its position in AutoNation by 22.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,918 shares of the company’s stock worth $263,000 after purchasing an additional 1,092 shares in the last quarter. Finally, Wright Investors Service Inc. bought a new stake in AutoNation in the 4th quarter worth about $272,000. 77.63% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on the stock. Bank of America reaffirmed a “hold” rating and issued a $65.00 price objective on shares of AutoNation in a research report on Thursday, February 1st. Jefferies Group reiterated a “hold” rating and issued a $60.00 target price on shares of AutoNation in a research note on Friday, February 2nd. Wells Fargo & Co reiterated a “market perform” rating and issued a $50.00 target price (up from $40.00) on shares of AutoNation in a research note on Monday, November 6th. Moffett Nathanson began coverage on shares of AutoNation in a research note on Monday, December 4th. They issued a “neutral” rating on the stock. Finally, ValuEngine upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $50.00.
AutoNation (NYSE:AN) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.10. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.57 billion. AutoNation had a net margin of 2.02% and a return on equity of 16.22%. AutoNation’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. equities research analysts anticipate that AutoNation, Inc. will post 4.74 EPS for the current year.
In related news, Director Robert R. Grusky sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the director now directly owns 37,677 shares in the company, valued at approximately $2,260,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Lance E. Iserman sold 5,886 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $52.46, for a total transaction of $308,779.56. Following the sale, the chief operating officer now owns 4,860 shares in the company, valued at $254,955.60. The disclosure for this sale can be found here. Insiders have sold a total of 25,886 shares of company stock worth $1,403,680 over the last 90 days. 3.10% of the stock is currently owned by corporate insiders.
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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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