AutoNation, Inc. (NYSE:AN) major shareholder Edward S. Lampert sold 71,920 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $51.96, for a total value of $3,736,963.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
AN traded down $1.15 during midday trading on Friday, reaching $50.28. The company had a trading volume of 690,833 shares, compared to its average volume of 821,287. 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 business has a 50-day moving average of $48.02 and a two-hundred day moving average of $41.19. The company has a market cap of $4.59 billion, a P/E ratio of 11.20, a P/E/G ratio of 3.31 and a beta of 1.07. AutoNation, Inc. has a 1 year low of $32.83 and a 1 year high of $52.56.
AutoNation (NYSE:AN) last issued its quarterly earnings results on Monday, July 22nd. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.29 billion. AutoNation had a return on equity of 15.10% and a net margin of 1.89%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 earnings per share. On average, equities research analysts predict that AutoNation, Inc. will post 4.49 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Natixis increased its position in AutoNation by 36.9% in the second quarter. Natixis now owns 8,954 shares of the company’s stock worth $376,000 after buying an additional 2,415 shares in the last quarter. Royal Bank of Canada increased its position in AutoNation by 9.7% in the second quarter. Royal Bank of Canada now owns 62,539 shares of the company’s stock worth $2,622,000 after buying an additional 5,544 shares in the last quarter. Verition Fund Management LLC purchased a new stake in AutoNation in the second quarter worth about $371,000. Ladenburg Thalmann Financial Services Inc. increased its position in AutoNation by 123.2% in 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 in the last quarter. Finally, Eaton Vance Management increased its position in AutoNation by 209.0% in the second quarter. Eaton Vance Management now owns 18,601 shares of the company’s stock worth $780,000 after buying an additional 12,582 shares in the last quarter. Institutional investors and hedge funds own 67.84% of the company’s stock.
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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