SummerHaven Investment Management LLC Acquires 74 Shares of AutoNation, Inc. (NYSE:AN)

SummerHaven Investment Management LLC boosted its holdings in AutoNation, Inc. (NYSE:AN) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,061 shares of the company’s stock after purchasing an additional 74 shares during the quarter. SummerHaven Investment Management LLC’s holdings in AutoNation were worth $610,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Realta Investment Advisors boosted its position in shares of AutoNation by 5.4% during the 4th quarter. Realta Investment Advisors now owns 1,410 shares of the company’s stock worth $212,000 after purchasing an additional 72 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in AutoNation by 4.6% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 1,712 shares of the company’s stock valued at $257,000 after acquiring an additional 76 shares during the period. Meritage Portfolio Management increased its holdings in shares of AutoNation by 5.6% during the third quarter. Meritage Portfolio Management now owns 1,882 shares of the company’s stock valued at $285,000 after acquiring an additional 99 shares in the last quarter. Quent Capital LLC raised its position in shares of AutoNation by 1.6% during the fourth quarter. Quent Capital LLC now owns 6,583 shares of the company’s stock worth $989,000 after purchasing an additional 101 shares during the period. Finally, Lido Advisors LLC lifted its holdings in shares of AutoNation by 6.7% in the 3rd quarter. Lido Advisors LLC now owns 1,776 shares of the company’s stock worth $269,000 after purchasing an additional 112 shares in the last quarter. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Stock Performance

Shares of AutoNation stock opened at $165.39 on Tuesday. The business’s fifty day simple moving average is $154.75 and its 200 day simple moving average is $145.12. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 1.53. AutoNation, Inc. has a 12 month low of $123.81 and a 12 month high of $182.08. The firm has a market capitalization of $6.90 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 1.37 and a beta of 1.24.

AutoNation (NYSE:AN) last released its earnings results on Friday, April 26th. The company reported $4.49 EPS for the quarter, topping analysts’ consensus estimates of $4.45 by $0.04. The company had revenue of $6.49 billion for the quarter, compared to analysts’ expectations of $6.49 billion. AutoNation had a return on equity of 43.48% and a net margin of 3.41%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $6.05 EPS. As a group, analysts anticipate that AutoNation, Inc. will post 18.92 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AN. Wells Fargo & Company upped their price objective on shares of AutoNation from $153.00 to $169.00 and gave the stock an “equal weight” rating in a report on Monday. Guggenheim raised their price target on shares of AutoNation from $165.00 to $169.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Bank of America decreased their price objective on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Morgan Stanley upgraded AutoNation from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $117.00 to $140.00 in a report on Thursday, February 29th. Finally, Evercore ISI began coverage on AutoNation in a research note on Wednesday, January 17th. They set an “outperform” rating and a $185.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $175.38.

Insiders Place Their Bets

In other news, CAO Kimberly Dees sold 3,133 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $152.28, for a total transaction of $477,093.24. Following the completion of the transaction, the chief accounting officer now directly owns 464 shares of the company’s stock, valued at approximately $70,657.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other AutoNation news, CAO Kimberly Dees sold 3,133 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $152.28, for a total value of $477,093.24. Following the sale, the chief accounting officer now directly owns 464 shares in the company, valued at $70,657.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jacqueline A. Travisano sold 3,671 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $146.98, for a total value of $539,563.58. Following the transaction, the director now directly owns 6,182 shares in the company, valued at approximately $908,630.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,279 shares of company stock valued at $19,361,962. Company insiders own 0.74% of the company’s stock.

About AutoNation

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.