AutoNation, Inc. (NYSE:AN) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $57.97 and last traded at $57.70, with a volume of 611800 shares trading hands. The stock had previously closed at $56.10.

AN has been the topic of a number of recent analyst reports. UBS Group cut shares of AutoNation from a “positive” rating to a “neutral” rating in a research note on Thursday, September 28th. Susquehanna Bancshares reissued a “negative” rating on shares of AutoNation in a research note on Thursday, September 28th. Northcoast Research cut shares of AutoNation from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 4th. Berenberg Bank initiated coverage on shares of AutoNation in a research note on Wednesday, October 4th. They issued a “buy” rating and a $55.00 price objective on the stock. Finally, ValuEngine raised shares of AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $46.88.

The company has a current ratio of 0.73, a quick ratio of 0.17 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $5,300.00, a PE ratio of 14.53, a price-to-earnings-growth ratio of 2.13 and a beta of 1.28.

AutoNation (NYSE:AN) last issued its earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.16. AutoNation had a net margin of 1.87% and a return on equity of 16.40%. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.58 billion. During the same quarter last year, the business posted $1.05 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. research analysts expect that AutoNation, Inc. will post 3.76 earnings per share for the current year.

In other news, major shareholder Edward S. Lampert sold 3,480 shares of AutoNation stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $55.61, for a total transaction of $193,522.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Donna L. Parlapiano sold 3,367 shares of AutoNation stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $51.81, for a total transaction of $174,444.27. Following the transaction, 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 sold 27,733 shares of company stock worth $1,471,647 in the last 90 days. Company insiders own 3.10% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of AutoNation by 2.2% during the second quarter. Vanguard Group Inc. now owns 6,785,538 shares of the company’s stock worth $286,078,000 after purchasing an additional 147,424 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of AutoNation by 76.5% during the second quarter. Artisan Partners Limited Partnership now owns 5,181,954 shares of the company’s stock worth $218,471,000 after purchasing an additional 2,245,935 shares during the period. BlackRock Inc. lifted its holdings in shares of AutoNation by 0.4% during the second quarter. BlackRock Inc. now owns 4,192,696 shares of the company’s stock worth $176,762,000 after purchasing an additional 17,314 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of AutoNation by 56.3% during the third quarter. Victory Capital Management Inc. now owns 3,266,677 shares of the company’s stock worth $155,036,000 after purchasing an additional 1,176,042 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of AutoNation by 10.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,683,569 shares of the company’s stock worth $127,360,000 after purchasing an additional 248,512 shares during the period. Institutional investors own 77.74% of the company’s stock.

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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.

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