AutoNation, Inc. (NYSE:AN) Shares Purchased by Zebra Capital Management LLC

Zebra Capital Management LLC boosted its stake in shares of AutoNation, Inc. (NYSE:AN) by 141.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,435 shares of the company’s stock after buying an additional 9,039 shares during the quarter. Zebra Capital Management LLC’s holdings in AutoNation were worth $647,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hi Line Capital Management LLC boosted its stake in AutoNation by 2.1% during the first quarter. Hi Line Capital Management LLC now owns 109,676 shares of the company’s stock worth $3,918,000 after buying an additional 2,221 shares during the period. Private Management Group Inc. boosted its stake in AutoNation by 1.0% during the first quarter. Private Management Group Inc. now owns 890,152 shares of the company’s stock worth $31,796,000 after buying an additional 8,748 shares during the period. Townsend & Associates Inc boosted its stake in AutoNation by 18.4% during the second quarter. Townsend & Associates Inc now owns 23,822 shares of the company’s stock worth $1,014,000 after buying an additional 3,700 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in AutoNation by 2.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 443,897 shares of the company’s stock worth $18,618,000 after buying an additional 10,974 shares during the period. Finally, Swiss National Bank boosted its stake in AutoNation by 2.3% during the second quarter. Swiss National Bank now owns 100,600 shares of the company’s stock worth $4,219,000 after buying an additional 2,300 shares during the period. 65.34% of the stock is owned by institutional investors.

Several brokerages have weighed in on AN. TheStreet raised shares of AutoNation from a “c+” rating to a “b” rating in a research note on Tuesday, July 23rd. Longbow Research reaffirmed a “hold” rating on shares of AutoNation in a research note on Sunday, July 7th. ValuEngine lowered shares of AutoNation from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley raised their price objective on shares of AutoNation from $35.00 to $39.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $41.38.

In related news, major shareholder Edward S. Lampert sold 1,532,114 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $47.60, for a total value of $72,928,626.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert R. Grusky sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the sale, the director now directly owns 44,611 shares in the company, valued at approximately $2,007,495. The disclosure for this sale can be found here. In the last three months, insiders sold 1,730,131 shares of company stock valued at $82,809,391. Insiders own 2.40% of the company’s stock.

Shares of NYSE AN traded down $0.10 during midday trading on Wednesday, hitting $50.19. The company’s stock had a trading volume of 41,008 shares, compared to its average volume of 597,174. The business’s fifty day simple moving average is $48.15 and its two-hundred day simple moving average is $41.48. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.83 and a quick ratio of 0.20. AutoNation, Inc. has a 1 year low of $32.83 and a 1 year high of $52.56. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 3.20 and a beta of 1.07.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Monday, July 22nd. The company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.12. AutoNation had a net margin of 1.89% and a return on equity of 15.10%. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.29 billion. During the same quarter last year, the firm posted $1.14 earnings per share. The business’s revenue for the quarter was down .8% compared to the same quarter last year. Analysts anticipate that AutoNation, Inc. will post 4.49 EPS for the current fiscal year.

AutoNation Company 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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