Great West Life Assurance Co. Can boosted its holdings in AutoNation, Inc. (NYSE:AN) by 39.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,663 shares of the company’s stock after purchasing an additional 21,516 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.08% of AutoNation worth $3,569,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Teachers Retirement System of The State of Kentucky boosted its stake in AutoNation by 91.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 14,000 shares of the company’s stock worth $664,000 after purchasing an additional 6,700 shares during the period. American International Group Inc. boosted its position in shares of AutoNation by 473.3% during the 3rd quarter. American International Group Inc. now owns 133,560 shares of the company’s stock valued at $6,339,000 after acquiring an additional 110,264 shares during the last quarter. ING Groep NV bought a new position in shares of AutoNation during the 3rd quarter valued at approximately $379,000. Catalyst Capital Advisors LLC bought a new position in shares of AutoNation during the 3rd quarter valued at approximately $299,000. Finally, Check Capital Management Inc. CA bought a new position in shares of AutoNation during the 3rd quarter valued at approximately $51,233,000. Institutional investors and hedge funds own 77.81% of the company’s stock.

In related news, COO Lance E. Iserman sold 5,886 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $52.46, for a total transaction of $308,779.56. Following the sale, the chief operating officer now owns 4,860 shares in the company, valued at approximately $254,955.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Donna L. Parlapiano sold 3,367 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $51.81, for a total value of $174,444.27. Following the sale, the executive vice president now owns 11,469 shares in the company, valued at approximately $594,208.89. The disclosure for this sale can be found here. Insiders have sold a total of 12,733 shares of company stock worth $676,747 in the last 90 days. 3.10% of the stock is currently owned by insiders.

AN has been the subject of a number of research reports. ValuEngine upgraded AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Berenberg Bank initiated coverage on AutoNation in a research report on Wednesday, October 4th. They set a “buy” rating and a $55.00 target price for the company. Jefferies Group reiterated a “hold” rating and set a $44.00 target price on shares of AutoNation in a research report on Sunday, September 10th. KeyCorp reiterated a “hold” rating on shares of AutoNation in a research report on Friday, September 1st. Finally, Wells Fargo & Company reiterated a “market perform” rating and set a $50.00 target price (up from $40.00) on shares of AutoNation in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $46.88.

Shares of AutoNation, Inc. (AN) opened at $55.59 on Monday. AutoNation, Inc. has a twelve month low of $38.20 and a twelve month high of $57.83. The firm has a market capitalization of $5,072.24, a price-to-earnings ratio of 14.40, a P/E/G ratio of 2.30 and a beta of 1.28. 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 (NYSE:AN) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.16. AutoNation had a return on equity of 16.40% and a net margin of 1.87%. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.58 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. AutoNation’s quarterly revenue was down 2.4% compared to the same quarter last year. equities analysts forecast that AutoNation, Inc. will post 3.76 earnings per share for the current fiscal year.

AutoNation announced that its board has authorized a stock buyback plan on Tuesday, August 29th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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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.

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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