AutoNation, Inc. (NYSE:AN) Major Shareholder Edward S. Lampert Sells 71,920 Shares

Share on StockTwits

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.

AN has been the subject of a number of research reports. Morgan Stanley upped their price objective on AutoNation from $35.00 to $39.00 and gave the company an “underweight” rating in a research report on Friday, August 2nd. Longbow Research reiterated a “hold” rating on shares of AutoNation in a research report on Sunday, July 7th. TheStreet upgraded AutoNation from a “c+” rating to a “b” rating in a research report on Tuesday, July 23rd. Finally, ValuEngine cut AutoNation from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $41.38.

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.

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.

See Also: Hedge Funds – Risk or Reward?

Insider Buying and Selling by Quarter for AutoNation (NYSE:AN)

Receive News & Ratings for AutoNation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.