Commerce Bank purchased a new position in AutoNation, Inc. (NYSE:AN – Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,631 shares of the company’s stock, valued at approximately $219,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of AN. Raymond James Financial Services Advisors Inc. increased its holdings in AutoNation by 13.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,667 shares of the company’s stock worth $1,361,000 after buying an additional 1,656 shares during the period. Cetera Advisor Networks LLC acquired a new stake in shares of AutoNation during the 1st quarter worth approximately $215,000. Natixis Advisors L.P. grew its stake in shares of AutoNation by 2.8% during the 1st quarter. Natixis Advisors L.P. now owns 11,818 shares of the company’s stock worth $1,177,000 after purchasing an additional 320 shares during the period. Acadian Asset Management LLC grew its stake in shares of AutoNation by 47.0% during the 1st quarter. Acadian Asset Management LLC now owns 5,081 shares of the company’s stock worth $505,000 after purchasing an additional 1,625 shares during the period. Finally, MetLife Investment Management LLC grew its stake in shares of AutoNation by 33.6% during the 1st quarter. MetLife Investment Management LLC now owns 25,882 shares of the company’s stock worth $2,577,000 after purchasing an additional 6,508 shares during the period. Institutional investors and hedge funds own 70.48% of the company’s stock.
AutoNation Trading Up 0.0 %
Shares of AN opened at $154.25 on Friday. AutoNation, Inc. has a 52-week low of $94.92 and a 52-week high of $182.08. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 1.83. The firm’s fifty day moving average is $158.36 and its two-hundred day moving average is $142.05. The stock has a market cap of $6.79 billion, a PE ratio of 6.39 and a beta of 1.14.
Wall Street Analyst Weigh In
AN has been the topic of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of AutoNation in a research note on Monday, July 24th. StockNews.com initiated coverage on shares of AutoNation in a research note on Thursday, May 18th. They set a “buy” rating on the stock. Guggenheim dropped their price objective on shares of AutoNation from $184.00 to $179.00 and set a “buy” rating on the stock in a research note on Monday, July 24th. Wells Fargo & Company dropped their price target on shares of AutoNation from $174.00 to $171.00 and set an “equal weight” rating on the stock in a research note on Monday, July 24th. Finally, Morgan Stanley lifted their price target on shares of AutoNation from $105.00 to $117.00 and gave the company an “underweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $171.50.
View Our Latest Report on AutoNation
Insider Buying and Selling at AutoNation
In other AutoNation news, major shareholder Edward S. Lampert sold 80,000 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $178.92, for a total value of $14,313,600.00. Following the transaction, the insider now owns 4,887,408 shares of the company’s stock, valued at $874,455,039.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other AutoNation news, major shareholder Edward S. Lampert sold 11,500 shares of the business’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $177.60, for a total transaction of $2,042,400.00. Following the sale, the insider now directly owns 4,992,388 shares in the company, valued at $886,648,108.80. 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 80,000 shares of the business’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $178.92, for a total transaction of $14,313,600.00. Following the sale, the insider now owns 4,887,408 shares in the company, valued at $874,455,039.36. The disclosure for this sale can be found here. Insiders have sold 306,758 shares of company stock valued at $48,036,689 over the last 90 days. 0.69% of the stock is owned by insiders.
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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