TIAA CREF Investment Management LLC increased its stake in shares of AutoNation, Inc. (NYSE:AN) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,284 shares of the company’s stock after buying an additional 689 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.25% of AutoNation worth $10,594,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in AutoNation by 43.8% in the first quarter. Nordea Investment Management AB now owns 3,285 shares of the company’s stock valued at $139,000 after purchasing an additional 1,000 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in AutoNation in the first quarter valued at $206,000. Achmea Investment Management B.V. purchased a new stake in AutoNation in the first quarter valued at $209,000. Invictus RG boosted its holdings in AutoNation by 58.2% in the first quarter. Invictus RG now owns 4,981 shares of the company’s stock valued at $211,000 after purchasing an additional 1,833 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in AutoNation by 8.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,826 shares of the company’s stock valued at $215,000 after purchasing an additional 372 shares during the last quarter. 73.42% of the stock is currently owned by hedge funds and other institutional investors.

In other AutoNation news, Director Robert R. Grusky sold 2,800 shares of AutoNation stock in a transaction dated Friday, August 4th. The shares were 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 owns 30,713 shares in the company, valued at $1,197,499.87. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.10% of the stock is currently owned by insiders.

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Shares of AutoNation, Inc. (NYSE AN) opened at 47.56 on Friday. The firm has a 50-day moving average of $45.40 and a 200-day moving average of $42.22. AutoNation, Inc. has a 12-month low of $38.20 and a 12-month high of $53.74. The firm has a market cap of $4.78 billion, a P/E ratio of 11.84 and a beta of 1.21.

AutoNation (NYSE:AN) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.12). The company had revenue of $5.28 billion for 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 firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 EPS. On average, equities analysts forecast that AutoNation, Inc. will post $3.58 earnings per share for the current fiscal year.

AutoNation declared that its Board of Directors has initiated a share repurchase program on Tuesday, August 29th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to buy up to 6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Several research firms have commented on AN. Berenberg Bank began coverage on shares of AutoNation in a report on Wednesday. They issued a “buy” rating and a $55.00 price target on the stock. Northcoast Research downgraded shares of AutoNation from a “buy” rating to a “neutral” rating in a research report on Wednesday. Susquehanna Bancshares Inc downgraded shares of AutoNation to a “neutral” rating and upped their price objective for the stock from $36.00 to $38.00 in a research report on Monday. UBS AG downgraded shares of AutoNation from a “positive” rating to a “neutral” rating in a research report on Thursday, September 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $44.00 price objective on shares of AutoNation in a research report on Sunday, September 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.55.

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.

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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