UBS Asset Management Americas Inc. raised its position in AutoNation, Inc. (NYSE:AN) by 9.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,463 shares of the company’s stock after purchasing an additional 18,861 shares during the quarter. UBS Asset Management Americas Inc. owned 0.22% of AutoNation worth $9,168,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AN. DekaBank Deutsche Girozentrale raised its position in shares of AutoNation by 8.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,826 shares of the company’s stock worth $215,000 after acquiring an additional 372 shares during the last quarter. Invictus RG raised its position in shares of AutoNation by 58.2% during the first quarter. Invictus RG now owns 4,981 shares of the company’s stock worth $211,000 after acquiring an additional 1,833 shares during the last quarter. Private Management Group Inc. raised its position in shares of AutoNation by 43.9% during the second quarter. Private Management Group Inc. now owns 728,091 shares of the company’s stock worth $30,696,000 after acquiring an additional 222,267 shares during the last quarter. Dynamic Capital Management Ltd bought a new position in shares of AutoNation during the first quarter worth about $581,000. Finally, Schwab Charles Investment Management Inc. raised its position in shares of AutoNation by 6.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 348,313 shares of the company’s stock worth $14,685,000 after acquiring an additional 21,198 shares during the last quarter. Hedge funds and other institutional investors own 73.42% of the company’s stock.

A number of equities analysts have recently issued reports on AN shares. Northcoast Research upgraded AutoNation from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Thursday, June 8th. Morgan Stanley lowered their price objective on AutoNation from $57.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, June 9th. Deutsche Bank AG restated a “hold” rating and set a $46.00 price objective (down from $50.00) on shares of AutoNation in a research report on Thursday, June 22nd. BidaskClub upgraded AutoNation from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Finally, Jefferies Group LLC restated a “hold” rating and set a $49.00 price objective on shares of AutoNation in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $45.55.

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Shares of AutoNation, Inc. (NYSE AN) opened at 47.56 on Friday. AutoNation, Inc. has a 1-year low of $38.20 and a 1-year high of $53.74. The firm has a market cap of $4.78 billion, a PE ratio of 11.84 and a beta of 1.21. The company’s 50-day moving average price is $45.40 and its 200 day moving average price is $42.22.

AutoNation (NYSE:AN) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.12). The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.56 billion. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 EPS. On average, analysts predict that AutoNation, Inc. will post $3.58 EPS for the current year.

AutoNation declared that its Board of Directors has initiated a stock repurchase program on Tuesday, August 29th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to buy up to 6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

In other news, Director Robert R. Grusky sold 2,800 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $38.99, for a total value of $109,172.00. Following the completion of the transaction, the director now owns 30,713 shares of the company’s stock, valued at approximately $1,197,499.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

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.

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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