Jump Financial LLC Sells 17,497 Shares of AutoNation, Inc. (NYSE:AN)

Jump Financial LLC lowered its holdings in AutoNation, Inc. (NYSE:ANFree Report) by 79.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,591 shares of the company’s stock after selling 17,497 shares during the quarter. Jump Financial LLC’s holdings in AutoNation were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in AutoNation by 2.6% during the first quarter. Vanguard Group Inc. now owns 4,820,370 shares of the company’s stock valued at $480,012,000 after buying an additional 123,772 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of AutoNation by 29.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,505,122 shares of the company’s stock worth $149,880,000 after buying an additional 338,288 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in AutoNation by 6.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,186,479 shares of the company’s stock worth $159,415,000 after purchasing an additional 70,224 shares in the last quarter. State Street Corp grew its stake in AutoNation by 2.9% in the third quarter. State Street Corp now owns 1,154,274 shares of the company’s stock worth $117,586,000 after purchasing an additional 32,750 shares in the last quarter. Finally, Invesco Ltd. grew its stake in AutoNation by 4.2% in the first quarter. Invesco Ltd. now owns 908,463 shares of the company’s stock worth $90,466,000 after purchasing an additional 36,620 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Insider Buying and Selling at AutoNation

In other news, major shareholder Edward S. Lampert sold 380,497 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $143.12, for a total value of $54,456,730.64. Following the completion of the sale, the insider now owns 4,278,664 shares in the company, valued at $612,362,391.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, major shareholder Edward S. Lampert sold 77,284 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $142.58, for a total value of $11,019,152.72. Following the sale, the insider now owns 4,659,161 shares of the company’s stock, valued at approximately $664,303,175.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Edward S. Lampert sold 380,497 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $143.12, for a total value of $54,456,730.64. Following the completion of the sale, the insider now directly owns 4,278,664 shares in the company, valued at approximately $612,362,391.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 483,186 shares of company stock valued at $69,331,092. Insiders own 0.69% of the company’s stock.

AutoNation Price Performance

AutoNation stock opened at $144.34 on Thursday. AutoNation, Inc. has a 12 month low of $120.26 and a 12 month high of $182.08. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.25. The business has a 50 day simple moving average of $142.86 and a 200-day simple moving average of $145.01. The stock has a market capitalization of $6.14 billion, a PE ratio of 6.18, a price-to-earnings-growth ratio of 1.10 and a beta of 1.21.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of AutoNation in a research note on Monday, October 30th. StockNews.com lowered AutoNation from a “buy” rating to a “hold” rating in a research note on Monday. Evercore ISI assumed coverage on AutoNation in a research note on Wednesday, January 17th. They set an “outperform” rating and a $185.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded AutoNation from an “underweight” rating to a “neutral” rating and set a $145.00 price objective for the company in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, AutoNation presently has a consensus rating of “Hold” and a consensus target price of $175.13.

View Our Latest Analysis on AN

AutoNation Profile

(Free Report)

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.

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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