Ameriprise Financial Inc. raised its stake in AutoNation, Inc. (NYSE:AN) by 124.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 356,767 shares of the company’s stock after buying an additional 197,767 shares during the period. Ameriprise Financial Inc. owned approximately 0.39% of AutoNation worth $16,933,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Artisan Partners Limited Partnership raised its stake in AutoNation by 76.5% during the 2nd quarter. Artisan Partners Limited Partnership now owns 5,181,954 shares of the company’s stock valued at $218,471,000 after purchasing an additional 2,245,935 shares during the period. Victory Capital Management Inc. raised its stake in AutoNation by 175,288.8% during the 2nd quarter. Victory Capital Management Inc. now owns 2,090,635 shares of the company’s stock valued at $88,142,000 after purchasing an additional 2,089,443 shares during the period. Arlington Value Capital LLC raised its stake in AutoNation by 284.0% during the 2nd quarter. Arlington Value Capital LLC now owns 2,096,311 shares of the company’s stock valued at $88,380,000 after purchasing an additional 1,550,426 shares during the period. Orbis Allan Gray Ltd raised its stake in AutoNation by 141.7% during the 2nd quarter. Orbis Allan Gray Ltd now owns 2,444,847 shares of the company’s stock valued at $103,075,000 after purchasing an additional 1,433,472 shares during the period. Finally, Strs Ohio raised its stake in AutoNation by 374.5% during the 3rd quarter. Strs Ohio now owns 1,071,018 shares of the company’s stock valued at $50,830,000 after purchasing an additional 845,313 shares during the period. 77.81% of the stock is currently owned by institutional investors.

Several brokerages have issued reports on AN. Moffett Nathanson began coverage on shares of AutoNation in a research note on Monday, December 4th. They set a “neutral” rating on the stock. Susquehanna Bancshares reissued a “negative” rating on shares of AutoNation in a research note on Thursday, September 28th. Jefferies Group boosted their target price on shares of AutoNation from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Northcoast Research downgraded shares of AutoNation from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 4th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $50.00 price target (up from $40.00) on shares of AutoNation in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $46.88.

In related news, major shareholder Edward S. Lampert sold 3,480 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $55.61, for a total value of $193,522.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Lance E. Iserman sold 5,886 shares of the company’s 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 completion of the sale, the chief operating officer now owns 4,860 shares of the company’s stock, valued at $254,955.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,733 shares of company stock worth $676,747. 3.10% of the stock is currently owned by corporate insiders.

AutoNation, Inc. (NYSE AN) opened at $54.26 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.17 and a current ratio of 0.73. AutoNation, Inc. has a fifty-two week low of $38.20 and a fifty-two week high of $57.83. The company has a market cap of $4,970.96, a price-to-earnings ratio of 14.11, a PEG ratio of 2.26 and a beta of 1.28.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.84 by $0.16. AutoNation had a net margin of 1.87% and a return on equity of 16.40%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.58 billion. During the same period in the previous year, the company posted $1.05 EPS. AutoNation’s revenue was down 2.4% on a year-over-year basis. sell-side analysts predict that AutoNation, Inc. will post 3.75 earnings per share for the current year.

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

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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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