AutoNation, Inc. (AN) COO Sells $308,779.56 in Stock

AutoNation, Inc. (NYSE:AN) COO Lance E. Iserman sold 5,886 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.46, for a total value of $308,779.56. Following the completion of the transaction, the chief operating officer now owns 4,860 shares of the company’s stock, valued at $254,955.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of AutoNation, Inc. (AN) traded up $0.25 during midday trading on Tuesday, hitting $52.73. The stock had a trading volume of 650,200 shares, compared to its average volume of 1,342,681. AutoNation, Inc. has a 52 week low of $38.20 and a 52 week high of $55.77. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.73 and a quick ratio of 0.17. The stock has a market capitalization of $4,788.47, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 2.19 and a beta of 1.24.

AutoNation (NYSE:AN) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.16. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.58 billion. AutoNation had a return on equity of 16.40% and a net margin of 1.87%. AutoNation’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.05 earnings per share. sell-side analysts expect that AutoNation, Inc. will post 3.73 earnings per share for the current fiscal year.

AutoNation declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 29th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in AutoNation by 2.2% in the second quarter. Vanguard Group Inc. now owns 6,785,538 shares of the company’s stock valued at $286,078,000 after purchasing an additional 147,424 shares during the last quarter. Artisan Partners Limited Partnership boosted its holdings in AutoNation by 76.5% in the second quarter. Artisan Partners Limited Partnership now owns 5,181,954 shares of the company’s stock valued at $218,471,000 after purchasing an additional 2,245,935 shares during the last quarter. BlackRock Inc. lifted its holdings in AutoNation by 0.4% during the 2nd quarter. BlackRock Inc. now owns 4,192,696 shares of the company’s stock worth $176,762,000 after buying an additional 17,314 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in AutoNation by 56.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,266,677 shares of the company’s stock worth $155,036,000 after buying an additional 1,176,042 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in AutoNation by 10.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,683,569 shares of the company’s stock worth $127,360,000 after buying an additional 248,512 shares during the last quarter. 83.61% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on AN. BidaskClub upgraded AutoNation from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Buckingham Research dropped their price target on AutoNation from $44.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, August 3rd. Deutsche Bank AG restated a “hold” rating and set a $43.00 price target (down from $46.00) on shares of AutoNation in a research note on Wednesday, August 9th. Susquehanna Bancshares Inc restated a “negative” rating on shares of AutoNation in a research note on Thursday, September 28th. Finally, Wells Fargo & Company restated a “market perform” rating and set a $50.00 price target (up from $40.00) on shares of AutoNation in a research note on Monday, November 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $46.88.

About AutoNation

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.

Insider Buying and Selling by Quarter for AutoNation (NYSE:AN)

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