Hi Line Capital Management LLC Has $5.63 Million Stake in AutoNation, Inc. (NYSE:AN)

Hi Line Capital Management LLC raised its position in AutoNation, Inc. (NYSE:AN) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,967 shares of the company’s stock after purchasing an additional 454 shares during the quarter. AutoNation accounts for approximately 2.5% of Hi Line Capital Management LLC’s holdings, making the stock its 18th largest holding. Hi Line Capital Management LLC owned 0.12% of AutoNation worth $5,626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Townsend & Associates Inc raised its holdings in shares of AutoNation by 18.4% in the 2nd 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 in the last quarter. Sanders Morris Harris LLC acquired a new position in shares of AutoNation in the 2nd quarter worth approximately $210,000. Nisa Investment Advisors LLC raised its holdings in shares of AutoNation by 9.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 30,322 shares of the company’s stock worth $1,272,000 after buying an additional 2,600 shares in the last quarter. 6 Meridian raised its holdings in shares of AutoNation by 2.1% in the 2nd quarter. 6 Meridian now owns 12,960 shares of the company’s stock worth $544,000 after buying an additional 268 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of AutoNation by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,096 shares of the company’s stock worth $969,000 after buying an additional 329 shares in the last quarter. 65.87% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. TheStreet raised AutoNation from a “c+” rating to a “b” rating in a report on Tuesday, July 23rd. Cfra raised AutoNation from a “hold” rating to a “buy” rating in a report on Monday, October 28th. ValuEngine raised AutoNation from a “strong sell” rating to a “sell” rating in a report on Friday, October 25th. Finally, Morgan Stanley raised their price target on AutoNation from $39.00 to $42.00 and gave the company an “underweight” rating in a report on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. AutoNation currently has a consensus rating of “Hold” and an average price target of $43.18.

AN stock traded up $0.12 during midday trading on Tuesday, reaching $52.04. 426,745 shares of the company’s stock traded hands, compared to its average volume of 770,322. The company has a 50-day simple moving average of $50.20 and a two-hundred day simple moving average of $45.51. AutoNation, Inc. has a 1-year low of $32.83 and a 1-year high of $53.19. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 3.26 and a beta of 1.03. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.63.

AutoNation (NYSE:AN) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by ($0.01). The business had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.38 billion. AutoNation had a net margin of 1.82% and a return on equity of 14.37%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 earnings per share. Equities research analysts forecast that AutoNation, Inc. will post 4.54 EPS for the current year.

In other AutoNation news, Chairman Michael J. Jackson sold 29,294 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $52.48, for a total value of $1,537,349.12. Following the transaction, the chairman now directly owns 199,917 shares in the company, valued at approximately $10,491,644.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David B. Edelson sold 20,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $52.51, for a total value of $1,050,200.00. Following the completion of the transaction, the director now owns 57,030 shares in the company, valued at $2,994,645.30. The disclosure for this sale can be found here. Insiders sold a total of 206,376 shares of company stock worth $10,653,546 over the last quarter. Corporate insiders own 2.40% of the company’s stock.

About AutoNation

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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