AutoNation, Inc. (NYSE:AN) CEO Michael J. Jackson Sells 90,819 Shares of Stock
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.
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.
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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