AutoNation, Inc. (NYSE:AN) Shares Purchased by Texas Permanent School Fund

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Texas Permanent School Fund boosted its holdings in AutoNation, Inc. (NYSE:AN) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,014 shares of the company’s stock after purchasing an additional 1,266 shares during the quarter. Texas Permanent School Fund’s holdings in AutoNation were worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AN. Invesco Ltd. increased its stake in AutoNation by 1,146.3% in the second quarter. Invesco Ltd. now owns 2,017,152 shares of the company’s stock valued at $84,599,000 after purchasing an additional 1,855,298 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in AutoNation by 13.7% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,628,390 shares of the company’s stock valued at $152,175,000 after purchasing an additional 437,890 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in AutoNation in the second quarter valued at $13,492,000. Copper Rock Capital Partners LLC acquired a new position in AutoNation in the third quarter valued at $15,220,000. Finally, Renaissance Technologies LLC acquired a new position in AutoNation in the second quarter valued at $10,959,000. Hedge funds and other institutional investors own 65.72% of the company’s stock.

Shares of NYSE:AN opened at $51.77 on Friday. The firm has a market capitalization of $4.68 billion, a PE ratio of 11.53, a P/E/G ratio of 3.30 and a beta of 1.03. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.85 and a quick ratio of 0.22. The business has a 50-day moving average of $50.16 and a two-hundred day moving average of $45.37. AutoNation, Inc. has a 12 month low of $32.83 and a 12 month high of $53.19.

AutoNation (NYSE:AN) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.01). The firm had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.38 billion. AutoNation had a return on equity of 14.37% and a net margin of 1.82%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 earnings per share. As a group, research analysts anticipate that AutoNation, Inc. will post 4.55 earnings per share for the current year.

In other news, Director David B. Edelson sold 20,000 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $52.51, for a total value of $1,050,200.00. Following the completion of the sale, the director now owns 57,030 shares in the company, valued at $2,994,645.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO James R. Bender sold 767 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $48.35, for a total value of $37,084.45. Following the completion of the sale, the chief operating officer now owns 2,318 shares of the company’s stock, valued at approximately $112,075.30. The disclosure for this sale can be found here. Insiders have sold 207,143 shares of company stock valued at $10,690,630 over the last 90 days. 2.40% of the stock is currently owned by insiders.

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

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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