Oregon Public Employees Retirement Fund increased its holdings in AutoNation, Inc. (NYSE:AN) by 338.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 30,270 shares of the company’s stock after acquiring an additional 23,365 shares during the period. Oregon Public Employees Retirement Fund’s holdings in AutoNation were worth $1,437,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in AutoNation by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,890 shares of the company’s stock worth $206,000 after acquiring an additional 24 shares during the period. DekaBank Deutsche Girozentrale grew its position in AutoNation by 8.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,826 shares of the company’s stock worth $215,000 after acquiring an additional 372 shares during the period. Nomura Holdings Inc. purchased a new position in AutoNation in the second quarter worth approximately $219,000. Greatmark Investment Partners Inc. purchased a new position in AutoNation in the second quarter worth approximately $231,000. Finally, Savant Capital LLC grew its position in AutoNation by 10.5% in the second quarter. Savant Capital LLC now owns 5,660 shares of the company’s stock worth $239,000 after acquiring an additional 540 shares during the period. Institutional investors own 83.61% of the company’s stock.
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AutoNation, Inc. (AN) opened at $52.73 on Tuesday. AutoNation, Inc. has a 52-week low of $38.20 and a 52-week high of $55.77. The company has a market capitalization of $4,788.47, a price-to-earnings ratio of 13.60, a PEG ratio of 2.19 and a beta of 1.24. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.17 and a current ratio of 0.73.
AutoNation (NYSE:AN) last released its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.84 by $0.16. AutoNation had a return on equity of 16.40% and a net margin of 1.87%. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.58 billion. During the same period 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. equities research analysts predict that AutoNation, Inc. will post 3.73 EPS for the current year.
AutoNation declared that its board has initiated a share buyback plan on Tuesday, August 29th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Several brokerages recently weighed in on AN. Jefferies Group LLC increased their price objective on AutoNation from $44.00 to $50.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Wells Fargo & Company reiterated a “market perform” rating and issued a $50.00 price objective (up from $40.00) on shares of AutoNation in a research report on Monday, November 6th. Susquehanna Bancshares Inc reiterated a “negative” rating on shares of AutoNation in a research report on Thursday, September 28th. UBS AG lowered AutoNation from a “positive” rating to a “neutral” rating in a research report on Thursday, September 28th. Finally, Northcoast Research lowered AutoNation from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. AutoNation has a consensus rating of “Hold” and a consensus price target of $46.88.
In related news, 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 value of $174,444.27. Following the completion of the transaction, the executive vice president now directly owns 11,469 shares in the company, valued at $594,208.89. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $193,522.80. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
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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