MANA Advisors LLC Acquires Shares of 4,240 AutoNation, Inc. (AN)
MANA Advisors LLC acquired a new position in shares of AutoNation, Inc. (NYSE:AN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,240 shares of the company’s stock, valued at approximately $218,000.
Several other hedge funds have also recently modified their holdings of AN. State of Alaska Department of Revenue purchased a new position in shares of AutoNation during the fourth quarter worth about $195,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of AutoNation during the third quarter worth about $212,000. DekaBank Deutsche Girozentrale boosted its stake in shares of AutoNation by 22.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,918 shares of the company’s stock worth $263,000 after buying an additional 1,092 shares during the period. Invictus RG acquired a new stake in shares of AutoNation during the fourth quarter worth about $268,000. Finally, Wright Investors Service Inc. acquired a new stake in shares of AutoNation during the fourth quarter worth about $272,000. 69.28% of the stock is currently owned by institutional investors.
In other news, Director Robert R. Grusky sold 5,000 shares of AutoNation stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the sale, the director now directly owns 37,677 shares in the company, valued at approximately $2,072,235. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert R. Grusky sold 10,000 shares of AutoNation stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $51.99, for a total transaction of $519,900.00. Following the sale, the director now owns 32,677 shares of the company’s stock, valued at $1,698,877.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,000 shares of company stock valued at $1,094,900. Insiders own 2.80% of the company’s stock.
AutoNation (NYSE:AN) last announced its quarterly earnings data on Thursday, February 1st. The company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.10. AutoNation had a net margin of 2.02% and a return on equity of 16.24%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. equities analysts forecast that AutoNation, Inc. will post 4.92 EPS for the current year.
AN has been the subject of several recent research reports. Bank of America set a $68.00 target price on shares of AutoNation and gave the stock a “hold” rating in a research note on Friday, February 9th. Moffett Nathanson initiated coverage on shares of AutoNation in a research note on Monday, December 4th. They set a “neutral” rating for the company. Finally, Jefferies Group reiterated a “hold” rating and set a $60.00 target price on shares of AutoNation in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. AutoNation has an average rating of “Hold” and an average target price of $50.33.
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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