New York State Common Retirement Fund raised its holdings in AutoNation, Inc. (NYSE:AN) by 5.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,300 shares of the company’s stock after purchasing an additional 7,000 shares during the quarter. New York State Common Retirement Fund owned 0.15% of AutoNation worth $6,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AN. Russell Investments Group Ltd. lifted its position in shares of AutoNation by 35.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 23,240 shares of the company’s stock valued at $981,000 after acquiring an additional 6,082 shares during the period. Sei Investments Co. lifted its position in shares of AutoNation by 753.7% during the 2nd quarter. Sei Investments Co. now owns 5,754 shares of the company’s stock valued at $242,000 after acquiring an additional 5,080 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of AutoNation by 6.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 348,313 shares of the company’s stock valued at $14,685,000 after acquiring an additional 21,198 shares during the period. Arizona State Retirement System lifted its position in shares of AutoNation by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 16,291 shares of the company’s stock valued at $687,000 after acquiring an additional 100 shares during the period. Finally, First Trust Advisors LP lifted its position in shares of AutoNation by 34.5% during the 2nd quarter. First Trust Advisors LP now owns 180,275 shares of the company’s stock valued at $7,600,000 after acquiring an additional 46,202 shares during the period. 77.74% of the stock is currently owned by institutional investors.

In other AutoNation news, COO Lance E. Iserman sold 5,886 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $52.46, for a total value of $308,779.56. Following the completion of the transaction, the chief operating officer now directly owns 4,860 shares in the company, valued at approximately $254,955.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Edward S. Lampert sold 3,480 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $55.61, for a total transaction of $193,522.80. The disclosure for this sale can be found here. Insiders sold a total of 12,733 shares of company stock valued at $676,747 over the last quarter. 3.10% of the stock is currently owned by insiders.

AN has been the subject of a number of research reports. ValuEngine upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Berenberg Bank initiated coverage on shares of AutoNation in a research report on Wednesday, October 4th. They set a “buy” rating and a $55.00 price target for the company. Jefferies Group reiterated a “hold” rating and set a $44.00 price target on shares of AutoNation in a research report on Sunday, September 10th. KeyCorp restated a “hold” rating on shares of AutoNation in a research report on Friday, September 1st. Finally, Wells Fargo & Co restated a “market perform” rating and set a $50.00 price objective (up from $40.00) on shares of AutoNation in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.88.

AutoNation, Inc. (NYSE AN) opened at $51.54 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.17 and a current ratio of 0.73. AutoNation, Inc. has a 12-month low of $38.20 and a 12-month high of $57.83. The stock has a market capitalization of $4,702.70, a P/E ratio of 12.98, a P/E/G ratio of 2.14 and a beta of 1.28.

AutoNation (NYSE:AN) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.16. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.58 billion. AutoNation had a return on equity of 16.40% and a net margin of 1.87%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 EPS. analysts predict that AutoNation, Inc. will post 3.75 earnings per share for the current fiscal year.

AutoNation announced that its Board of Directors has initiated a stock buyback plan on Tuesday, August 29th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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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.

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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