OLD National Bancorp IN Sells 183 Shares of AutoNation, Inc. $AN

OLD National Bancorp IN cut its holdings in AutoNation, Inc. (NYSE:AN) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,792 shares of the company’s stock after selling 183 shares during the period. OLD National Bancorp IN’s holdings in AutoNation were worth $555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AN. Geneos Wealth Management Inc. boosted its holdings in AutoNation by 37.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 235 shares of the company’s stock worth $38,000 after buying an additional 64 shares during the period. GAMMA Investing LLC boosted its holdings in AutoNation by 81.1% in the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock worth $74,000 after buying an additional 206 shares during the period. Parallel Advisors LLC boosted its holdings in AutoNation by 45.3% in the 2nd quarter. Parallel Advisors LLC now owns 375 shares of the company’s stock worth $74,000 after buying an additional 117 shares during the period. SVB Wealth LLC bought a new position in AutoNation in the 1st quarter worth approximately $86,000. Finally, UMB Bank n.a. boosted its holdings in AutoNation by 56.8% in the 1st quarter. UMB Bank n.a. now owns 839 shares of the company’s stock valued at $136,000 after purchasing an additional 304 shares during the period. 94.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AN. Guggenheim cut their price target on shares of AutoNation from $230.00 to $228.00 and set a “buy” rating for the company in a report on Monday, August 11th. Stephens raised their price target on shares of AutoNation from $190.00 to $200.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Citigroup reissued a “buy” rating on shares of AutoNation in a report on Thursday, September 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of AutoNation in a report on Saturday, September 27th. Finally, Morgan Stanley raised their price target on shares of AutoNation from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $222.63.

AutoNation Stock Performance

AutoNation stock opened at $215.39 on Wednesday. The firm’s fifty day moving average price is $214.20 and its 200-day moving average price is $195.13. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.21 and a current ratio of 0.81. The stock has a market cap of $8.12 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 1.00 and a beta of 0.85. AutoNation, Inc. has a fifty-two week low of $148.33 and a fifty-two week high of $228.92.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Friday, July 25th. The company reported $5.46 earnings per share for the quarter, beating the consensus estimate of $4.70 by $0.76. The firm had revenue of $6.97 billion for the quarter, compared to analysts’ expectations of $6.77 billion. AutoNation had a net margin of 2.31% and a return on equity of 31.12%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $3.99 EPS. On average, equities research analysts expect that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

AutoNation Profile

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.