ARP Americas LP Purchases New Position in AutoNation, Inc. (NYSE:AN)

ARP Americas LP purchased a new stake in AutoNation, Inc. (NYSE:AN) during the second quarter, Holdings Channel reports. The institutional investor purchased 7,371 shares of the company’s stock, valued at approximately $277,000.

Other large investors have also recently made changes to their positions in the company. Stifel Financial Corp bought a new position in shares of AutoNation during the 4th quarter worth approximately $523,000. UBS Group AG grew its stake in shares of AutoNation by 17,115.3% during the 4th quarter. UBS Group AG now owns 53,884 shares of the company’s stock worth $2,620,000 after acquiring an additional 53,571 shares in the last quarter. Bank of America Corp DE grew its stake in shares of AutoNation by 19.1% during the 4th quarter. Bank of America Corp DE now owns 162,258 shares of the company’s stock worth $7,891,000 after acquiring an additional 25,965 shares in the last quarter. Man Group plc bought a new position in shares of AutoNation during the 4th quarter worth approximately $5,450,000. Finally, Alliancebernstein L.P. grew its stake in shares of AutoNation by 42.5% during the 4th quarter. Alliancebernstein L.P. now owns 135,072 shares of the company’s stock worth $6,569,000 after acquiring an additional 40,312 shares in the last quarter. Institutional investors and hedge funds own 63.56% of the company’s stock.

In other news, EVP C Coleman Edmunds sold 13,866 shares of AutoNation stock in a transaction on Monday, July 27th. The stock was sold at an average price of $56.26, for a total transaction of $780,101.16. Following the completion of the sale, the executive vice president now owns 21,516 shares of the company’s stock, valued at $1,210,490.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marc G. Cannon sold 10,000 shares of AutoNation stock in a transaction on Friday, July 24th. The stock was sold at an average price of $53.25, for a total value of $532,500.00. Following the sale, the executive vice president now directly owns 18,460 shares of the company’s stock, valued at approximately $982,995. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 134,685 shares of company stock valued at $7,383,022. Company insiders own 2.10% of the company’s stock.

AN stock traded down $0.29 during midday trading on Friday, reaching $51.34. 1,098,500 shares of the company were exchanged, compared to its average volume of 1,148,946. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.92 and a quick ratio of 0.28. The business has a 50-day moving average price of $42.23 and a two-hundred day moving average price of $39.44. AutoNation, Inc. has a one year low of $20.59 and a one year high of $57.09. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 2.27 and a beta of 1.47.

AutoNation (NYSE:AN) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $1.04. AutoNation had a net margin of 1.51% and a return on equity of 14.20%. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the business posted $1.12 earnings per share. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. As a group, analysts anticipate that AutoNation, Inc. will post 4.8 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the stock. SunTrust Banks raised their price target on shares of AutoNation from $42.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. Northcoast Research cut shares of AutoNation from a “buy” rating to a “neutral” rating in a research note on Friday, July 17th. ValuEngine cut shares of AutoNation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 14th. TheStreet raised shares of AutoNation from a “c” rating to a “b-” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley raised their target price on shares of AutoNation from $38.00 to $54.00 and gave the company an “underweight” rating in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $53.80.

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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