Gotham Asset Management LLC lowered its holdings in shares of AutoNation, Inc. (NYSE:AN) by 43.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 220,142 shares of the company’s stock after selling 170,753 shares during the period. Gotham Asset Management LLC owned about 0.22% of AutoNation worth $9,281,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC grew its position in AutoNation by 59.9% during the 2nd quarter. Janus Henderson Group PLC now owns 6,672 shares of the company’s stock worth $281,000 after acquiring an additional 2,500 shares during the last quarter. Orbis Allan Gray Ltd grew its position in AutoNation by 141.7% during the 2nd quarter. Orbis Allan Gray Ltd now owns 2,444,847 shares of the company’s stock worth $103,075,000 after acquiring an additional 1,433,472 shares during the last quarter. Garner Asset Management Corp bought a new stake in AutoNation during the 2nd quarter worth $1,147,000. Arlington Value Capital LLC grew its position in AutoNation by 284.0% during the 2nd quarter. Arlington Value Capital LLC now owns 2,096,311 shares of the company’s stock worth $88,380,000 after acquiring an additional 1,550,426 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its position in AutoNation by 279.8% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 127,547 shares of the company’s stock worth $5,378,000 after acquiring an additional 93,964 shares during the last quarter. 73.42% of the stock is owned by institutional investors.

In related news, Director Robert R. Grusky sold 2,800 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $38.99, for a total value of $109,172.00. Following the sale, the director now directly owns 30,713 shares of the company’s stock, valued at $1,197,499.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by company insiders.

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A number of equities research analysts recently weighed in on AN shares. Deutsche Bank AG restated a “hold” rating and set a $46.00 price objective (down previously 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. 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. Wells Fargo & Company restated 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, Buckingham Research reduced their price objective on AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $45.20.

AutoNation, Inc. (NYSE:AN) traded down 0.78% during midday trading on Monday, hitting $47.16. The company’s stock had a trading volume of 46,057 shares. The stock has a 50 day moving average of $45.59 and a 200 day moving average of $42.25. The company has a market cap of $4.74 billion, a PE ratio of 11.74 and a beta of 1.21. AutoNation, Inc. has a 52-week low of $38.20 and a 52-week high of $53.74.

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

AutoNation announced that its board has initiated a stock buyback program on Tuesday, August 29th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

AutoNation 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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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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