AutoNation, Inc. (NYSE:AN) major shareholder Edward S. Lampert sold 3,989 shares of the business’s stock in a transaction on Friday, January 8th. The stock was sold at an average price of $76.10, for a total value of $303,562.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

AutoNation stock opened at $74.86 on Thursday. The stock has a market cap of $6.58 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.57. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.32 and a current ratio of 0.98. AutoNation, Inc. has a one year low of $20.59 and a one year high of $78.21. The stock has a fifty day moving average of $68.27 and a 200 day moving average of $57.89.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Wednesday, October 21st. The company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.73. The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.19 billion. AutoNation had a return on equity of 17.17% and a net margin of 1.92%. AutoNation’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. As a group, sell-side analysts predict that AutoNation, Inc. will post 6.71 EPS for the current fiscal year.

AutoNation announced that its Board of Directors has approved a share repurchase program on Wednesday, October 21st that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 10% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

A number of institutional investors and hedge funds have recently modified their holdings of AN. Bank of Montreal Can increased its position in AutoNation by 181.8% in the second quarter. Bank of Montreal Can now owns 5,442 shares of the company’s stock worth $221,000 after buying an additional 3,511 shares in the last quarter. Advisor Group Holdings Inc. increased its position in AutoNation by 5.2% in the second quarter. Advisor Group Holdings Inc. now owns 14,473 shares of the company’s stock worth $543,000 after buying an additional 715 shares in the last quarter. Bank of America Corp DE increased its position in AutoNation by 3.4% in the second quarter. Bank of America Corp DE now owns 174,105 shares of the company’s stock worth $6,542,000 after buying an additional 5,646 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in AutoNation in the second quarter worth about $163,000. Finally, California State Teachers Retirement System grew its position in shares of AutoNation by 9.9% during the second quarter. California State Teachers Retirement System now owns 103,849 shares of the company’s stock worth $3,903,000 after purchasing an additional 9,314 shares in the last quarter. Institutional investors and hedge funds own 63.36% of the company’s stock.

A number of research analysts have recently issued reports on the company. Seaport Global Securities assumed coverage on AutoNation in a report on Monday, October 19th. They set a “neutral” rating on the stock. Bank of America upped their price target on AutoNation from $77.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, November 17th. Morgan Stanley upped their price target on AutoNation from $54.00 to $56.00 and gave the company an “underweight” rating in a report on Monday, December 7th. Finally, ValuEngine downgraded AutoNation from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $59.86.

AutoNation Company 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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Insider Buying and Selling by Quarter for AutoNation (NYSE:AN)

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