AutoNation, Inc. (NYSE:AN) Shares Sold by American Institute for Advanced Investment Management LLP

American Institute for Advanced Investment Management LLP trimmed its holdings in shares of AutoNation, Inc. (NYSE:ANFree Report) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,365 shares of the company’s stock after selling 303 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in AutoNation were worth $205,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in AutoNation by 4.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,695 shares of the company’s stock valued at $6,767,000 after purchasing an additional 1,983 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in AutoNation in the 3rd quarter valued at $919,000. Teachers Retirement System of The State of Kentucky raised its stake in AutoNation by 69.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 11,569 shares of the company’s stock valued at $1,752,000 after purchasing an additional 4,748 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of AutoNation in the 3rd quarter worth $1,525,000. Finally, Dorsey Wright & Associates acquired a new stake in shares of AutoNation in the 3rd quarter worth $1,329,000. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Stock Performance

NYSE AN opened at $159.90 on Thursday. The stock has a market cap of $6.67 billion, a PE ratio of 7.05, a P/E/G ratio of 1.28 and a beta of 1.24. 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 twelve month low of $123.81 and a twelve month high of $182.08. The stock has a fifty day simple moving average of $150.19 and a 200-day simple moving average of $143.77.

AutoNation (NYSE:ANGet Free Report) last announced its earnings results on Tuesday, February 13th. The company reported $5.02 EPS for the quarter, beating analysts’ consensus estimates of $4.85 by $0.17. AutoNation had a return on equity of 48.76% and a net margin of 3.79%. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.67 billion. During the same period last year, the business posted $6.37 EPS. AutoNation’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts anticipate that AutoNation, Inc. will post 19.05 earnings per share for the current year.

Insider Activity at AutoNation

In related news, major shareholder Edward S. Lampert sold 77,284 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $142.58, for a total transaction of $11,019,152.72. Following the completion of the transaction, the insider now directly owns 4,659,161 shares in the company, valued at approximately $664,303,175.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AutoNation news, major shareholder Edward S. Lampert sold 77,284 shares of the stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Edward S. Lampert sold 100,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $161.26, for a total value of $16,126,000.00. Following the completion of the sale, the insider now directly owns 4,167,270 shares in the company, valued at approximately $672,013,960.20. The disclosure for this sale can be found here. Insiders sold 579,060 shares of company stock worth $84,837,845 in the last three months. 0.74% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on AN shares. StockNews.com downgraded AutoNation from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Morgan Stanley raised AutoNation from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $117.00 to $140.00 in a research note on Thursday, February 29th. Wells Fargo & Company raised their target price on AutoNation from $144.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 14th. Finally, Evercore ISI started coverage on AutoNation in a research note on Wednesday, January 17th. They issued an “outperform” rating and a $185.00 target price for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $178.00.

Check Out Our Latest Stock Analysis on AN

About AutoNation

(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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