World Asset Management Inc decreased its stake in shares of AutoNation, Inc. (NYSE:AN) by 15.1% during the second quarter, Holdings Channel reports. The firm owned 6,414 shares of the company’s stock after selling 1,145 shares during the period. World Asset Management Inc’s holdings in AutoNation were worth $270,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in AutoNation by 3.6% in the first quarter. Vanguard Group Inc. now owns 6,638,114 shares of the company’s stock valued at $280,727,000 after buying an additional 229,169 shares during the period. Harris Associates L P boosted its stake in AutoNation by 324.0% in the first quarter. Harris Associates L P now owns 5,038,530 shares of the company’s stock valued at $213,079,000 after buying an additional 3,850,104 shares during the period. BlackRock Inc. boosted its stake in AutoNation by 2,957.8% in the first quarter. BlackRock Inc. now owns 4,175,382 shares of the company’s stock valued at $176,578,000 after buying an additional 4,038,834 shares during the period. State Street Corp boosted its stake in AutoNation by 2.5% in the first quarter. State Street Corp now owns 3,279,144 shares of the company’s stock valued at $138,665,000 after buying an additional 79,834 shares during the period. Finally, Artisan Partners Limited Partnership boosted its stake in AutoNation by 7.4% in the first quarter. Artisan Partners Limited Partnership now owns 2,936,019 shares of the company’s stock valued at $124,164,000 after buying an additional 202,917 shares during the period. 68.77% of the stock is currently owned by institutional investors and hedge funds.

AutoNation, Inc. (NYSE AN) opened at 41.94 on Thursday. The firm has a 50-day moving average of $41.60 and a 200-day moving average of $42.66. The company has a market capitalization of $4.21 billion, a PE ratio of 10.44 and a beta of 1.24. AutoNation, Inc. has a 52 week low of $38.20 and a 52 week high of $53.74.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.86 EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $5.56 billion. During the same period in the prior year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities analysts expect that AutoNation, Inc. will post $3.59 earnings per share for the current fiscal year.

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Several analysts have recently commented on AN shares. BidaskClub cut shares of AutoNation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Deutsche Bank AG reissued a “hold” rating and set a $43.00 price target (down from $46.00) on shares of AutoNation in a research note on Wednesday, August 9th. Jefferies Group LLC reissued a “hold” rating and set a $49.00 price target on shares of AutoNation in a research note on Thursday, July 6th. Northcoast Research raised shares of AutoNation from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday, June 8th. Finally, Buckingham Research decreased their price target on shares of AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. AutoNation has a consensus rating of “Hold” and a consensus target price of $46.20.

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

AutoNation Company 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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