Russell Investments Group Ltd. lessened its position in AutoNation, Inc. (NYSE:AN) by 7.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,219 shares of the company’s stock after selling 1,613 shares during the quarter. Russell Investments Group Ltd.’s holdings in AutoNation were worth $845,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position in shares of AutoNation by 56.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 57,319 shares of the company’s stock worth $2,785,000 after purchasing an additional 20,776 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of AutoNation by 32.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 136,000 shares of the company’s stock worth $6,607,000 after purchasing an additional 33,300 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of AutoNation by 1,960.6% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,597,000 shares of the company’s stock worth $77,582,000 after purchasing an additional 1,519,500 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of AutoNation during the 2nd quarter worth approximately $774,000. Finally, Commonwealth Bank of Australia increased its position in shares of AutoNation by 8.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 35,177 shares of the company’s stock worth $1,705,000 after purchasing an additional 2,700 shares during the last quarter. 64.13% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on the company. Wolfe Research assumed coverage on AutoNation in a research note on Tuesday, October 2nd. They set an “underperform” rating for the company. TheStreet downgraded AutoNation from a “b-” rating to a “c+” rating in a research note on Tuesday, September 25th. Bank of America upgraded AutoNation from a “neutral” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Wednesday, October 24th. They noted that the move was a valuation call. Morgan Stanley reduced their target price on AutoNation from $44.00 to $34.00 and set a “sell” rating for the company in a research note on Wednesday, November 14th. Finally, ValuEngine downgraded AutoNation from a “sell” rating to a “strong sell” rating in a research note on Monday, September 24th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. AutoNation currently has a consensus rating of “Hold” and a consensus target price of $46.00.

Shares of NYSE AN opened at $34.04 on Thursday. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 1.18 and a beta of 1.21. The company has a quick ratio of 0.20, a current ratio of 0.86 and a debt-to-equity ratio of 0.75. AutoNation, Inc. has a fifty-two week low of $33.36 and a fifty-two week high of $62.02.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $1.24 EPS for the quarter, hitting analysts’ consensus estimates of $1.24. AutoNation had a return on equity of 16.21% and a net margin of 2.10%. The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.58 billion. During the same quarter in the previous year, the firm earned $1.00 EPS. AutoNation’s revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts forecast that AutoNation, Inc. will post 4.53 EPS for the current fiscal year.

In other AutoNation news, CEO Michael J. Jackson sold 74,208 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $40.69, for a total value of $3,019,523.52. Following the transaction, the chief executive officer now owns 168,205 shares in the company, valued at $6,844,261.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert R. Grusky sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $40.00, for a total value of $100,000.00. Following the completion of the transaction, the director now owns 35,177 shares in the company, valued at approximately $1,407,080. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

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AutoNation Profile

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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