AutoNation, Inc. (AN) Position Lowered by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can reduced its position in shares of AutoNation, Inc. (NYSE:AN) by 7.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,147 shares of the company’s stock after selling 4,061 shares during the period. Great West Life Assurance Co. Can owned about 0.05% of AutoNation worth $2,280,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Chickasaw Capital Management LLC increased its position in AutoNation by 2.0% in the second quarter. Chickasaw Capital Management LLC now owns 25,615 shares of the company’s stock worth $1,080,000 after buying an additional 500 shares during the period. Strs Ohio increased its position in AutoNation by 28.2% in the second quarter. Strs Ohio now owns 225,705 shares of the company’s stock worth $9,515,000 after buying an additional 49,644 shares during the period. Clear Harbor Asset Management LLC increased its position in AutoNation by 5.2% in the second quarter. Clear Harbor Asset Management LLC now owns 9,305 shares of the company’s stock worth $383,000 after buying an additional 460 shares during the period. Russell Investments Group Ltd. increased its position in AutoNation by 35.4% in the second quarter. Russell Investments Group Ltd. now owns 23,240 shares of the company’s stock worth $981,000 after buying an additional 6,082 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new position in AutoNation during the second quarter worth $2,276,000. 68.77% of the stock is currently owned by institutional investors.
AutoNation, Inc. (NYSE:AN) opened at 42.48 on Thursday. The stock has a market cap of $4.27 billion, a P/E ratio of 10.58 and a beta of 1.24. AutoNation, Inc. has a 1-year low of $38.20 and a 1-year high of $53.74. The company has a 50-day moving average price of $41.60 and a 200 day moving average price of $42.30.
AutoNation (NYSE:AN) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.98 by $0.12. The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.56 billion. AutoNation had a return on equity of 16.71% and a net margin of 1.90%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS. Equities analysts expect that AutoNation, Inc. will post $3.59 earnings per share for the current fiscal year.
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AN has been the subject of a number of recent research reports. BidaskClub lowered AutoNation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Deutsche Bank AG reissued a “hold” rating and set a $43.00 price objective (down from $46.00) on shares of AutoNation in a report on Wednesday, August 9th. Jefferies Group LLC reissued a “hold” rating and set a $49.00 price objective on shares of AutoNation in a report on Thursday, July 6th. Northcoast Research raised AutoNation from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Thursday, June 8th. Finally, Buckingham Research decreased their price objective on AutoNation from $44.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price 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 shares were sold at an average price of $38.99, for a total value of $109,172.00. Following the sale, the director now owns 30,713 shares in the company, valued at $1,197,499.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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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