Texas Permanent School Fund lowered its stake in AutoNation, Inc. (NYSE:AN – Get Rating) by 17.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,995 shares of the company’s stock after selling 4,789 shares during the quarter. Texas Permanent School Fund’s holdings in AutoNation were worth $2,467,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC acquired a new stake in AutoNation during the 3rd quarter worth $553,000. Strs Ohio boosted its stake in AutoNation by 10.4% during the 3rd quarter. Strs Ohio now owns 10,645 shares of the company’s stock worth $1,084,000 after purchasing an additional 1,001 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in AutoNation by 6.7% during the 3rd quarter. First Republic Investment Management Inc. now owns 94,792 shares of the company’s stock worth $9,656,000 after purchasing an additional 5,988 shares during the last quarter. SG Americas Securities LLC boosted its stake in AutoNation by 1,231.1% during the 3rd quarter. SG Americas Securities LLC now owns 25,290 shares of the company’s stock worth $2,576,000 after purchasing an additional 23,390 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in AutoNation by 7.4% during the 3rd quarter. ProShare Advisors LLC now owns 2,191 shares of the company’s stock worth $223,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 86.31% of the company’s stock.
Insiders Place Their Bets
In other AutoNation news, EVP C Coleman Edmunds sold 9,445 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $140.11, for a total transaction of $1,323,338.95. Following the sale, the executive vice president now directly owns 13,594 shares in the company, valued at $1,904,655.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other AutoNation news, EVP C Coleman Edmunds sold 9,445 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $140.11, for a total transaction of $1,323,338.95. Following the sale, the executive vice president now directly owns 13,594 shares in the company, valued at $1,904,655.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Edward S. Lampert sold 31,477 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $133.47, for a total transaction of $4,201,235.19. Following the sale, the insider now owns 5,199,146 shares in the company, valued at $693,930,016.62. The disclosure for this sale can be found here. Insiders have sold 317,892 shares of company stock worth $44,387,872 over the last three months. Company insiders own 0.69% of the company’s stock.
Analysts Set New Price Targets
AutoNation Stock Up 0.3 %
Shares of AN opened at $135.13 on Wednesday. The firm has a market cap of $6.16 billion, a P/E ratio of 5.50, a price-to-earnings-growth ratio of 0.27 and a beta of 1.08. AutoNation, Inc. has a 12-month low of $94.92 and a 12-month high of $158.30. The company’s 50-day moving average price is $132.27 and its 200 day moving average price is $123.70. The company has a current ratio of 0.83, a quick ratio of 0.25 and a debt-to-equity ratio of 1.91.
AutoNation (NYSE:AN – Get Rating) last issued its quarterly earnings data on Thursday, April 20th. The company reported $6.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.60 by $0.47. The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.63 billion. AutoNation had a net margin of 4.90% and a return on equity of 61.01%. AutoNation’s revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $5.78 EPS. On average, sell-side analysts forecast that AutoNation, Inc. will post 21.72 earnings per share for the current year.
About AutoNation
AutoNation, Inc engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury, and Corporate & Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Stellantis.
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