State of Alaska Department of Revenue reduced its holdings in AutoNation, Inc. (NYSE:AN) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,974 shares of the company’s stock after selling 261 shares during the quarter. State of Alaska Department of Revenue’s holdings in AutoNation were worth $527,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Twin Tree Management LP lifted its stake in shares of AutoNation by 86.6% in the 2nd quarter. Twin Tree Management LP now owns 1,866 shares of the company’s stock valued at $70,000 after purchasing an additional 866 shares during the period. Macquarie Group Ltd. purchased a new position in shares of AutoNation in the 2nd quarter valued at approximately $78,000. US Bancorp DE lifted its stake in shares of AutoNation by 18.0% in the 1st quarter. US Bancorp DE now owns 2,971 shares of the company’s stock valued at $83,000 after purchasing an additional 453 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in shares of AutoNation by 284.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,675 shares of the company’s stock valued at $100,000 after purchasing an additional 1,979 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new position in shares of AutoNation in the 2nd quarter valued at approximately $163,000. Hedge funds and other institutional investors own 83.06% of the company’s stock.

In related news, EVP C Coleman Edmunds sold 13,866 shares of AutoNation stock in a transaction on Monday, July 27th. The stock was sold at an average price of $56.26, for a total value of $780,101.16. Following the completion of the sale, the executive vice president now owns 21,516 shares of the company’s stock, valued at $1,210,490.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Marc G. Cannon sold 3,744 shares of AutoNation stock in a transaction on Friday, October 9th. The stock was sold at an average price of $62.00, for a total value of $232,128.00. Following the completion of the sale, the executive vice president now directly owns 14,716 shares of the company’s stock, valued at approximately $912,392. The disclosure for this sale can be found here. Insiders sold 138,429 shares of company stock valued at $7,615,150 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

AN stock opened at $62.25 on Friday. AutoNation, Inc. has a 1-year low of $20.59 and a 1-year high of $63.46. The business has a fifty day moving average price of $56.34 and a 200-day moving average price of $45.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.92 and a quick ratio of 0.28. The stock has a market capitalization of $5.43 billion, a P/E ratio of 18.10, a P/E/G ratio of 1.43 and a beta of 1.65.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $1.04. AutoNation had a return on equity of 14.20% and a net margin of 1.51%. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the business earned $1.12 earnings per share. The company’s revenue was down 15.2% on a year-over-year basis. As a group, analysts anticipate that AutoNation, Inc. will post 5.5 earnings per share for the current year.

AN has been the subject of a number of research analyst reports. ValuEngine upgraded AutoNation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 22nd. Bank of America lifted their price objective on AutoNation from $76.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. upgraded AutoNation from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $53.00 to $70.00 in a research note on Friday, July 24th. SunTrust Banks lifted their price objective on AutoNation from $42.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, July 24th. Finally, Northcoast Research cut AutoNation from a “buy” rating to a “neutral” rating in a research note on Friday, July 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. AutoNation presently has a consensus rating of “Hold” and a consensus target price of $59.29.

AutoNation Company Profile

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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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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