State of Wisconsin Investment Board increased its holdings in AutoNation, Inc. (NYSE:AN) by 18.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,297 shares of the company’s stock after purchasing an additional 7,940 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.05% of AutoNation worth $2,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Savant Capital LLC grew its stake in shares of AutoNation by 10.5% in the second quarter. Savant Capital LLC now owns 5,660 shares of the company’s stock worth $239,000 after purchasing an additional 540 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of AutoNation by 23.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 37,176 shares of the company’s stock worth $1,567,000 after purchasing an additional 7,159 shares during the last quarter. Gargoyle Investment Advisor L.L.C. grew its stake in shares of AutoNation by 32.6% in the second quarter. Gargoyle Investment Advisor L.L.C. now owns 18,725 shares of the company’s stock worth $790,000 after purchasing an additional 4,600 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of AutoNation by 8.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,826 shares of the company’s stock worth $215,000 after purchasing an additional 372 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of AutoNation by 34.5% in the second quarter. First Trust Advisors LP now owns 180,275 shares of the company’s stock worth $7,600,000 after purchasing an additional 46,202 shares during the last quarter. 73.44% of the stock is currently owned by institutional investors.

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Several research firms recently issued reports on AN. ValuEngine cut AutoNation from a “buy” rating to a “hold” rating in a research note on Friday. KeyCorp reissued a “hold” rating on shares of AutoNation in a research note on Friday. Wells Fargo & Company reissued a “market perform” rating and issued a $45.00 target price (down from $48.50) on shares of AutoNation in a research note on Monday, July 17th. BidaskClub raised AutoNation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price objective on shares of AutoNation in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $46.20.

In other AutoNation news, Director Robert R. Grusky sold 2,800 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 30,713 shares in the company, valued at $1,197,499.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.10% of the stock is currently owned by company insiders.

Shares of AutoNation, Inc. (NYSE AN) opened at 45.52 on Tuesday. AutoNation, Inc. has a 52-week low of $38.20 and a 52-week high of $53.74. The company has a market capitalization of $4.57 billion, a PE ratio of 11.33 and a beta of 1.22. The firm’s 50-day moving average price is $41.98 and its 200 day moving average price is $42.12.

AutoNation (NYSE:AN) last released its quarterly earnings data 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. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the prior year, the business posted $1.08 earnings per share. AutoNation’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities analysts forecast that AutoNation, Inc. will post $3.59 earnings per share for the current year.

AutoNation announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 29th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

About AutoNation

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.

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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