Chevy Chase Trust Holdings Inc. Buys 158 Shares of AutoNation, Inc. (NYSE:AN)
Chevy Chase Trust Holdings Inc. raised its position in AutoNation, Inc. (NYSE:AN) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,704 shares of the company’s stock after buying an additional 158 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.06% of AutoNation worth $2,391,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. 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 worth $176,578,000 after buying an additional 4,038,834 shares during the last quarter. 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 worth $213,079,000 after buying an additional 3,850,104 shares during the last quarter. Kiltearn Partners LLP purchased a new stake in AutoNation during the first quarter worth approximately $85,413,000. Norges Bank purchased a new stake in AutoNation during the fourth quarter worth approximately $29,909,000. Finally, WS Management Lllp purchased a new stake in AutoNation during the first quarter worth approximately $22,593,000. 68.77% of the stock is currently owned by institutional investors.
AutoNation, Inc. (AN) traded up 1.76% on Friday, reaching $41.68. 1,343,009 shares of the company’s stock traded hands. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 10.38 and a beta of 1.24. AutoNation, Inc. has a 52 week low of $38.20 and a 52 week high of $53.74. The firm has a 50-day moving average price of $41.58 and a 200-day moving average price of $42.57.
AutoNation (NYSE:AN) last issued its earnings results on Wednesday, August 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by $0.12. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.56 billion. AutoNation had a return on equity of 16.71% and a net margin of 1.90%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the business earned $1.08 earnings per share. On average, analysts predict that AutoNation, Inc. will post $3.59 earnings per share for the current year.
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Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of AutoNation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Deutsche Bank AG reiterated a “hold” rating and set a $43.00 price objective (down previously from $46.00) on shares of AutoNation in a research report on Wednesday, August 9th. Buckingham Research reduced their price objective on shares of AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, August 3rd. Wells Fargo & Company reiterated a “market perform” rating and set a $45.00 price objective (down previously from $48.50) on shares of AutoNation in a research report on Monday, July 17th. Finally, ValuEngine lowered shares of AutoNation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $46.20.
In other news, Director Robert R. Grusky sold 2,800 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $38.99, for a total transaction of $109,172.00. Following the completion of the transaction, the director now directly owns 30,713 shares in the company, valued at approximately $1,197,499.87. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.
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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