Treasurer of the State of North Carolina Has $1.11 Million Stock Position in AutoNation, Inc. (NYSE:AN)

Treasurer of the State of North Carolina reduced its holdings in AutoNation, Inc. (NYSE:AN) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 26,476 shares of the company’s stock after selling 600 shares during the quarter. Treasurer of the State of North Carolina’s holdings in AutoNation were worth $1,110,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TRUE Private Wealth Advisors acquired a new position in AutoNation in the 2nd quarter valued at approximately $32,000. Trust Co. of Vermont acquired a new stake in shares of AutoNation during the second quarter worth $42,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of AutoNation by 123.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the company’s stock worth $43,000 after buying an additional 573 shares during the period. Coastal Investment Advisors Inc. increased its position in shares of AutoNation by 59.4% during the second quarter. Coastal Investment Advisors Inc. now owns 2,814 shares of the company’s stock worth $118,000 after buying an additional 1,049 shares during the period. Finally, Pearl River Capital LLC acquired a new stake in shares of AutoNation during the second quarter worth $129,000. Hedge funds and other institutional investors own 65.34% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. TheStreet upgraded shares of AutoNation from a “c+” rating to a “b” rating in a research report on Tuesday, July 23rd. ValuEngine cut shares of AutoNation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley increased their price objective on shares of AutoNation from $35.00 to $39.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Finally, Longbow Research reiterated a “hold” rating on shares of AutoNation in a research report on Sunday, July 7th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. AutoNation currently has an average rating of “Hold” and a consensus price target of $42.01.

In related news, major shareholder Edward S. Lampert sold 1,532,114 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $47.60, for a total transaction of $72,928,626.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert R. Grusky sold 5,000 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the transaction, the director now directly owns 44,611 shares in the company, valued at $2,007,495. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,730,131 shares of company stock worth $82,809,391. 2.40% of the stock is owned by insiders.

AN opened at $48.51 on Friday. AutoNation, Inc. has a twelve month low of $32.83 and a twelve month high of $52.56. The company has a quick ratio of 0.20, a current ratio of 0.83 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average of $48.89 and a 200-day moving average of $43.33. The stock has a market cap of $4.24 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 3.04 and a beta of 1.06.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Monday, July 22nd. The company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.12. The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.29 billion. AutoNation had a net margin of 1.89% and a return on equity of 15.10%. AutoNation’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 earnings per share. Sell-side analysts anticipate that AutoNation, Inc. will post 4.47 EPS for the current fiscal year.

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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