New York State Teachers Retirement System reduced its holdings in shares of AutoNation, Inc. (NYSE:AN) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,818 shares of the company’s stock after selling 6,781 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of AutoNation worth $4,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Schwartz Investment Counsel Inc. increased its position in AutoNation by 14.5% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 201,900 shares of the company’s stock valued at $9,582,000 after buying an additional 25,500 shares in the last quarter. Garner Asset Management Corp increased its holdings in shares of AutoNation by 29.2% in the third quarter. Garner Asset Management Corp now owns 35,155 shares of the company’s stock valued at $1,668,000 after purchasing an additional 7,945 shares during the period. Victory Capital Management Inc. increased its holdings in shares of AutoNation by 56.3% in the third quarter. Victory Capital Management Inc. now owns 3,266,677 shares of the company’s stock valued at $155,036,000 after purchasing an additional 1,176,042 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of AutoNation in the third quarter valued at about $590,000. Finally, Aperio Group LLC increased its holdings in shares of AutoNation by 12.4% in the third quarter. Aperio Group LLC now owns 19,476 shares of the company’s stock valued at $924,000 after purchasing an additional 2,153 shares during the period. 75.46% of the stock is currently owned by institutional investors.

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Shares of AutoNation, Inc. (NYSE AN) opened at C$52.48 on Friday. AutoNation, Inc. has a one year low of C$38.20 and a one year high of C$55.77. The company has a quick ratio of 0.17, a current ratio of 0.73 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $4,788.49, a PE ratio of 13.60, a PEG ratio of 1.98 and a beta of 1.24.

AutoNation (NYSE:AN) last issued its earnings results on Thursday, November 2nd. The company reported C$1.00 EPS for the quarter, topping analysts’ consensus estimates of C$0.84 by C$0.16. AutoNation had a return on equity of 16.40% and a net margin of 1.87%. The firm had revenue of C$5.43 billion for the quarter, compared to the consensus estimate of C$5.58 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The company’s revenue was down 2.4% compared to the same quarter last year. research analysts expect that AutoNation, Inc. will post 3.73 EPS for the current fiscal year.

AutoNation declared that its Board of Directors has initiated a share repurchase program on Tuesday, August 29th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

In other AutoNation news, major shareholder Edward S. Lampert sold 3,480 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of C$55.61, for a total transaction of C$193,522.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.10% of the stock is owned by corporate insiders.

A number of research analysts have recently weighed in on the company. Wells Fargo & Company reissued a “market perform” rating and issued a $50.00 price objective (up from $40.00) on shares of AutoNation in a report on Monday, November 6th. Susquehanna Bancshares Inc reissued a “negative” rating on shares of AutoNation in a report on Thursday, September 28th. ValuEngine raised AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Jefferies Group LLC increased their price objective on AutoNation from $44.00 to $50.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Finally, BidaskClub raised AutoNation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. AutoNation currently has a consensus rating of “Hold” and a consensus target price of C$46.88.

AutoNation Profile

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.

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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