Advantus Capital Management Inc increased its position in AutoNation, Inc. (NYSE:AN) by 27.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,220 shares of the company’s stock after buying an additional 1,748 shares during the period. Advantus Capital Management Inc owned about 9,009.21% of AutoNation worth $390,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AN. DekaBank Deutsche Girozentrale boosted its holdings in shares of AutoNation by 8.4% during the 2nd 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of AutoNation by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,890 shares of the company’s stock valued at $206,000 after purchasing an additional 24 shares during the last quarter. Nomura Holdings Inc. bought a new position in shares of AutoNation during the 2nd quarter valued at about $219,000. Greatmark Investment Partners Inc. bought a new position in shares of AutoNation during the 2nd quarter valued at about $231,000. Finally, Savant Capital LLC boosted its holdings in shares of AutoNation by 10.5% during the 2nd quarter. Savant Capital LLC now owns 5,660 shares of the company’s stock valued at $239,000 after purchasing an additional 540 shares during the last quarter. 83.61% of the stock is owned by institutional investors.

In related news, major shareholder Edward S. Lampert sold 3,480 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of C$55.61, for a total value of C$193,522.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company’s stock.

AN has been the subject of several research reports. BidaskClub downgraded shares of 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 previously from $46.00) on shares of AutoNation in a report on Wednesday, August 9th. UBS AG cut shares of AutoNation from a “positive” rating to a “neutral” rating in a research report on Thursday, September 28th. KeyCorp restated a “hold” rating on shares of AutoNation in a research report on Friday, September 1st. Finally, Northcoast Research cut shares of AutoNation from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of C$46.88.

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Shares of AutoNation, Inc. (AN) opened at C$52.35 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.17 and a debt-to-equity ratio of 0.59. AutoNation, Inc. has a 1 year low of C$38.20 and a 1 year high of C$55.77. The stock has a market cap of $4,780.00, a PE ratio of 13.60, a PEG ratio of 2.19 and a beta of 1.24.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Thursday, November 2nd. The company reported C$1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.84 by C$0.16. AutoNation had a net margin of 1.87% and a return on equity of 16.40%. The company had revenue of C$5.43 billion for the quarter, compared to analyst estimates of C$5.58 billion. During the same period in the prior year, the company posted $1.05 EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. sell-side analysts anticipate that AutoNation, Inc. will post 3.73 earnings per share for the current fiscal year.

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