AutoNation (AN) Trading Down 6.2%
AutoNation, Inc. (NYSE:AN)’s share price fell 6.2% during trading on Monday . The stock traded as low as $53.66 and last traded at $53.68. 1,623,652 shares were traded during trading, an increase of 46% from the average session volume of 1,110,844 shares. The stock had previously closed at $57.23.
Several research firms have commented on AN. Bank of America reissued a “hold” rating and set a $65.00 target price on shares of AutoNation in a research report on Thursday, February 1st. Jefferies Group reaffirmed a “hold” rating and issued a $60.00 price target on shares of AutoNation in a report on Friday, February 2nd. Moffett Nathanson started coverage on shares of AutoNation in a report on Monday, December 4th. They issued a “neutral” rating on the stock. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $50.00 price target (up previously from $40.00) on shares of AutoNation in a report on Monday, November 6th. Finally, ValuEngine raised shares of AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.00.
The firm has a market capitalization of $4,917.09, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 1.43 and a beta of 1.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.17 and a current ratio of 0.73.
In other news, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the completion of the transaction, the director now directly owns 37,677 shares in the company, valued at approximately $2,260,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert R. Grusky sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $51.99, for a total transaction of $519,900.00. Following the transaction, the director now owns 32,677 shares of the company’s stock, valued at $1,698,877.23. The disclosure for this sale can be found here. Insiders have sold a total of 29,253 shares of company stock valued at $1,578,124 over the last 90 days. Company insiders own 3.10% of the company’s stock.
Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in AutoNation by 32.3% in the third quarter. JPMorgan Chase & Co. now owns 59,971 shares of the company’s stock worth $2,834,000 after acquiring an additional 14,656 shares in the last quarter. BlueCrest Capital Management Ltd bought a new stake in AutoNation in the second quarter worth $2,304,000. CLS Investments LLC bought a new stake in AutoNation in the third quarter worth $1,266,000. Garner Asset Management Corp lifted its stake in AutoNation by 29.2% in the third quarter. Garner Asset Management Corp now owns 35,155 shares of the company’s stock worth $1,668,000 after purchasing an additional 7,945 shares during the last quarter. Finally, Shell Asset Management Co. lifted its stake in AutoNation by 425.3% in the third quarter. Shell Asset Management Co. now owns 14,424 shares of the company’s stock worth $726,000 after purchasing an additional 11,678 shares during the last quarter. Institutional investors own 77.63% of the company’s stock.
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AutoNation, Inc (AutoNation) 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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