Bank of Montreal Can raised its stake in shares of AutoNation, Inc. (NYSE:AN) by 40.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,581 shares of the company’s stock after buying an additional 14,222 shares during the period. Bank of Montreal Can’s holdings in AutoNation were worth $2,089,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of AutoNation by 35.7% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,943 shares of the company’s stock valued at $293,000 after buying an additional 1,828 shares during the last quarter. Glen Harbor Capital Management LLC raised its position in shares of AutoNation by 69.3% in the first quarter. Glen Harbor Capital Management LLC now owns 59,704 shares of the company’s stock valued at $2,525,000 after buying an additional 24,446 shares during the last quarter. Chickasaw Capital Management LLC purchased a new position in shares of AutoNation during the first quarter valued at about $1,062,000. ProShare Advisors LLC raised its position in shares of AutoNation by 34.5% in the first quarter. ProShare Advisors LLC now owns 45,371 shares of the company’s stock valued at $1,919,000 after buying an additional 11,646 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of AutoNation by 1.9% in the first quarter. Nationwide Fund Advisors now owns 27,268 shares of the company’s stock valued at $1,153,000 after buying an additional 511 shares during the last quarter. 65.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AutoNation, Inc. (NYSE:AN) traded up 1.63% during midday trading on Friday, hitting $41.04. 1,250,747 shares of the stock traded hands. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 10.22 and a beta of 1.24. AutoNation, Inc. has a one year low of $38.20 and a one year high of $53.74. The firm has a 50-day moving average price of $41.48 and a 200 day moving average price of $42.96.

AutoNation (NYSE:AN) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by $0.12. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same quarter in the previous year, the company earned $1.08 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. Analysts anticipate that AutoNation, Inc. will post $3.59 earnings per share for the current year.

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Several equities analysts have issued reports on the company. Morgan Stanley dropped their price objective on AutoNation from $57.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, June 9th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $45.00 price objective (down previously from $48.50) on shares of AutoNation in a report on Monday, July 17th. Deutsche Bank AG reaffirmed a “hold” rating and set a $46.00 price objective (down previously from $50.00) on shares of AutoNation in a report on Thursday, June 22nd. ValuEngine lowered AutoNation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Buckingham Research dropped their price objective on AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. AutoNation presently has a consensus rating of “Hold” and an average price target of $46.20.

In other AutoNation news, Director Robert R. Grusky sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $38.99, for a total transaction of $109,172.00. Following the sale, the director now owns 30,713 shares in the company, valued at $1,197,499.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.10% of the company’s stock.

About AutoNation

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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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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