Dimensional Fund Advisors LP Acquires 256,337 Shares of AutoNation, Inc. (AN)

Dimensional Fund Advisors LP grew its holdings in AutoNation, Inc. (NYSE:AN) by 9.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,051,749 shares of the company’s stock after buying an additional 256,337 shares during the quarter. Dimensional Fund Advisors LP’s holdings in AutoNation were worth $108,946,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. AlphaOne Investment Services LLC acquired a new stake in AutoNation during the fourth quarter worth about $25,000. Bessemer Group Inc. increased its position in AutoNation by 67.8% during the fourth quarter. Bessemer Group Inc. now owns 881 shares of the company’s stock worth $31,000 after purchasing an additional 356 shares during the last quarter. We Are One Seven LLC acquired a new stake in AutoNation during the fourth quarter worth about $32,000. Quantamental Technologies LLC acquired a new stake in AutoNation during the fourth quarter worth about $67,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in AutoNation by 16.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,191 shares of the company’s stock worth $150,000 after purchasing an additional 601 shares during the last quarter. Institutional investors and hedge funds own 62.66% of the company’s stock.

Shares of AN stock opened at $39.03 on Thursday. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 0.57. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 3.57 and a beta of 1.12. AutoNation, Inc. has a 1-year low of $32.83 and a 1-year high of $51.99.

AutoNation (NYSE:AN) last announced its earnings results on Friday, April 26th. The company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.13. The company had revenue of $4.98 billion during the quarter, compared to analyst estimates of $5.21 billion. AutoNation had a net margin of 1.87% and a return on equity of 15.48%. AutoNation’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share. Equities research analysts anticipate that AutoNation, Inc. will post 4.26 earnings per share for the current fiscal year.

AN has been the subject of several recent analyst reports. ValuEngine upgraded shares of AutoNation from a “strong sell” rating to a “sell” rating in a research report on Friday, April 26th. Bank of America restated a “buy” rating and set a $55.00 price objective (down from $59.00) on shares of AutoNation in a research report on Tuesday, February 26th. JPMorgan Chase & Co. initiated coverage on shares of AutoNation in a research report on Tuesday, February 19th. They set an “underweight” rating and a $40.00 price objective for the company. Jefferies Financial Group restated a “hold” rating and set a $41.00 price objective on shares of AutoNation in a research report on Sunday, February 24th. Finally, Seaport Global Securities initiated coverage on shares of AutoNation in a research report on Wednesday, February 13th. They set a “neutral” rating and a $38.06 price objective for the company. Four research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.01.

In other AutoNation news, CAO Christopher Cade sold 2,555 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $42.40, for a total transaction of $108,332.00. Following the completion of the transaction, the chief accounting officer now owns 796 shares of the company’s stock, valued at $33,750.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David B. Edelson bought 1,150 shares of the stock in a transaction on Monday, February 25th. The shares were bought at an average cost of $36.06 per share, with a total value of $41,469.00. Following the purchase, the director now owns 37,030 shares of the company’s stock, valued at $1,335,301.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 8,589 shares of company stock valued at $350,922. 2.40% of the stock is currently owned by insiders.

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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.

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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