Several other brokerages have also recently issued reports on AN. Morgan Stanley cut AutoNation from an overweight rating to an underweight rating and set a $57.00 target price for the company. in a report on Tuesday, July 10th. Buckingham Research dropped their target price on AutoNation from $51.00 to $47.00 and set a neutral rating for the company in a report on Thursday, August 2nd. SunTrust Banks initiated coverage on AutoNation in a report on Friday, August 24th. They issued a hold rating and a $48.00 target price for the company. Finally, ValuEngine cut AutoNation from a hold rating to a sell rating in a report on Monday, August 13th. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The company currently has an average rating of Hold and a consensus price target of $52.43.
NYSE:AN traded down $0.98 during trading hours on Tuesday, hitting $38.06. The company had a trading volume of 1,268,482 shares, compared to its average volume of 877,428. The company has a quick ratio of 0.20, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. The stock has a market cap of $3.73 billion, a P/E ratio of 9.99, a PEG ratio of 1.31 and a beta of 1.26. AutoNation has a 1 year low of $37.64 and a 1 year high of $62.02.
AutoNation (NYSE:AN) last issued its earnings results on Wednesday, August 1st. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.01. The company had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.42 billion. AutoNation had a return on equity of 16.64% and a net margin of 2.02%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. On average, equities analysts anticipate that AutoNation will post 4.7 earnings per share for the current year.
In related news, Director Rick L. Burdick sold 4,808 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $47.00, for a total transaction of $225,976.00. Following the transaction, the director now owns 38,686 shares of the company’s stock, valued at approximately $1,818,242. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael J. Jackson sold 37,104 shares of the stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $46.60, for a total value of $1,729,046.40. Following the transaction, the chief executive officer now directly owns 168,205 shares in the company, valued at approximately $7,838,353. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,455 shares of company stock valued at $2,028,929. Company insiders own 2.80% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec lifted its stake in AutoNation by 1,960.6% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,597,000 shares of the company’s stock worth $77,582,000 after acquiring an additional 1,519,500 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in AutoNation by 32.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 136,000 shares of the company’s stock worth $6,607,000 after acquiring an additional 33,300 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in AutoNation by 8.3% during the 2nd quarter. Commonwealth Bank of Australia now owns 35,177 shares of the company’s stock worth $1,705,000 after acquiring an additional 2,700 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in AutoNation during the 2nd quarter worth about $774,000. Finally, Kiltearn Partners LLP lifted its stake in AutoNation by 0.7% during the 1st quarter. Kiltearn Partners LLP now owns 1,891,474 shares of the company’s stock worth $86,724,000 after acquiring an additional 12,900 shares in the last quarter. 65.96% of the stock is currently owned by hedge funds and other institutional investors.
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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