AutoNation, Inc. (NYSE:AN) CEO Michael J. Jackson sold 90,819 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $54.97, for a total transaction of $4,992,320.43. Following the completion of the sale, the chief executive officer now directly owns 282,753 shares of the company’s stock, valued at approximately $15,542,932.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

AN stock opened at $51.63 on Friday. The company has a 50 day simple moving average of $42.07 and a 200 day simple moving average of $39.41. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 2.40 and a beta of 1.47. AutoNation, Inc. has a 1 year low of $20.59 and a 1 year high of $57.09. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.92 and a quick ratio of 0.28.

AutoNation (NYSE:AN) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $1.04. AutoNation had a net margin of 1.51% and a return on equity of 14.20%. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the company posted $1.12 EPS. The company’s revenue was down 15.2% on a year-over-year basis. On average, equities research analysts anticipate that AutoNation, Inc. will post 4.8 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Alberta Investment Management Corp increased its position in AutoNation by 24.1% in the 1st quarter. Alberta Investment Management Corp now owns 53,600 shares of the company’s stock valued at $1,504,000 after acquiring an additional 10,400 shares during the period. Invesco Ltd. increased its position in AutoNation by 16.7% in the 1st quarter. Invesco Ltd. now owns 1,117,606 shares of the company’s stock valued at $31,360,000 after acquiring an additional 160,213 shares during the period. Stone Ridge Asset Management LLC increased its position in AutoNation by 86.0% in the 1st quarter. Stone Ridge Asset Management LLC now owns 22,607 shares of the company’s stock valued at $634,000 after acquiring an additional 10,453 shares during the period. Rhumbline Advisers increased its position in AutoNation by 8.2% in the 1st quarter. Rhumbline Advisers now owns 161,335 shares of the company’s stock valued at $4,527,000 after acquiring an additional 12,185 shares during the period. Finally, State of Tennessee Treasury Department increased its position in shares of AutoNation by 10.3% during the first quarter. State of Tennessee Treasury Department now owns 35,246 shares of the company’s stock worth $989,000 after buying an additional 3,296 shares during the period. Hedge funds and other institutional investors own 63.56% of the company’s stock.

A number of analysts recently weighed in on the stock. SunTrust Banks raised their price target on shares of AutoNation from $42.00 to $55.00 and gave the company a “hold” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised shares of AutoNation from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $53.00 to $70.00 in a report on Friday, July 24th. Morgan Stanley upped their price target on shares of AutoNation from $38.00 to $54.00 and gave the stock an “underweight” rating in a report on Monday. Northcoast Research cut shares of AutoNation from a “buy” rating to a “neutral” rating in a research report on Friday, July 17th. Finally, TheStreet upgraded shares of AutoNation from a “c” rating to a “b-” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $53.80.

About AutoNation

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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