Sanders Morris Harris Inc. Has $235,000 Stake in AutoNation Inc. (AN)
Sanders Morris Harris Inc. maintained its position in AutoNation Inc. (NYSE:AN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the company’s stock at the end of the second quarter. Sanders Morris Harris Inc.’s holdings in AutoNation were worth $235,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB increased its stake in shares of AutoNation by 11.1% in the second quarter. Nordea Investment Management AB now owns 2,285 shares of the company’s stock valued at $107,000 after buying an additional 229 shares in the last quarter. Creative Planning increased its stake in AutoNation by 36.1% in the second quarter. Creative Planning now owns 2,730 shares of the company’s stock worth $128,000 after buying an additional 724 shares during the period. Wellington Management Group LLP purchased a new stake in AutoNation during the first quarter worth $206,000. Baxter Bros Inc. purchased a new stake in AutoNation during the second quarter worth $285,000. Finally, GWM Advisors LLC purchased a new stake in AutoNation during the second quarter worth $299,000. 69.15% of the stock is currently owned by hedge funds and other institutional investors.
AutoNation Inc. (NYSE:AN) traded down 0.61% on Friday, hitting $48.84. 1,594,183 shares of the stock were exchanged. AutoNation Inc. has a 1-year low of $40.45 and a 1-year high of $65.51. The company has a market capitalization of $4.99 billion, a PE ratio of 12.56 and a beta of 1.24. The company has a 50-day moving average price of $49.06 and a 200 day moving average price of $48.78.
AutoNation (NYSE:AN) last issued its earnings results on Friday, July 29th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.03. The company had revenue of $5.44 billion for the quarter, compared to analysts’ expectations of $5.51 billion. AutoNation had a net margin of 1.99% and a return on equity of 19.91%. AutoNation’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 EPS. Analysts anticipate that AutoNation Inc. will post $4.26 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on the company. Seaport Global Securities assumed coverage on AutoNation in a research report on Tuesday, August 9th. They set a “neutral” rating on the stock. Jefferies Group lifted their target price on AutoNation from $50.00 to $57.00 and gave the stock a “hold” rating in a research report on Monday, August 1st. TheStreet raised AutoNation from a “hold” rating to a “buy” rating in a research report on Monday, July 18th. CL King assumed coverage on AutoNation in a research report on Wednesday, September 7th. They set a “buy” rating on the stock. Finally, Wolfe Research assumed coverage on AutoNation in a research report on Wednesday, August 31st. They set a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.43.
AutoNation Company Profile
AutoNation, Inc 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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