OLD National Bancorp IN Decreases Position in AutoNation, Inc. $AN

OLD National Bancorp IN lessened its holdings in AutoNation, Inc. (NYSE:AN) by 6.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,792 shares of the company’s stock after selling 183 shares during the quarter. OLD National Bancorp IN’s holdings in AutoNation were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in AutoNation by 104.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,882 shares of the company’s stock worth $952,000 after purchasing an additional 3,001 shares during the period. Cerity Partners LLC increased its position in shares of AutoNation by 95.3% in the first quarter. Cerity Partners LLC now owns 5,247 shares of the company’s stock valued at $850,000 after acquiring an additional 2,561 shares during the period. Bessemer Group Inc. increased its position in shares of AutoNation by 9.7% in the first quarter. Bessemer Group Inc. now owns 987 shares of the company’s stock valued at $160,000 after acquiring an additional 87 shares during the period. Voya Investment Management LLC increased its position in shares of AutoNation by 2.9% in the first quarter. Voya Investment Management LLC now owns 3,176 shares of the company’s stock valued at $514,000 after acquiring an additional 89 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of AutoNation in the first quarter valued at about $5,162,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.

AutoNation Trading Down 1.9%

Shares of AN opened at $215.39 on Wednesday. The firm’s 50-day moving average price is $214.20 and its 200-day moving average price is $195.13. The firm has a market capitalization of $8.12 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 1.00 and a beta of 0.85. The company has a current ratio of 0.81, a quick ratio of 0.21 and a debt-to-equity ratio of 1.84. AutoNation, Inc. has a 1-year low of $148.33 and a 1-year high of $228.92.

AutoNation (NYSE:AN) last announced its earnings results on Friday, July 25th. The company reported $5.46 earnings per share for the quarter, beating analysts’ consensus estimates of $4.70 by $0.76. AutoNation had a net margin of 2.31% and a return on equity of 31.12%. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.77 billion. During the same quarter in the previous year, the firm posted $3.99 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Sell-side analysts anticipate that AutoNation, Inc. will post 18.15 EPS for the current year.

Analyst Ratings Changes

AN has been the topic of a number of analyst reports. Morgan Stanley boosted their price objective on shares of AutoNation from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. Bank of America decreased their price objective on shares of AutoNation from $255.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. JPMorgan Chase & Co. boosted their price objective on shares of AutoNation from $185.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Weiss Ratings restated a “buy (b-)” rating on shares of AutoNation in a research report on Saturday, September 27th. Finally, Guggenheim cut their target price on shares of AutoNation from $230.00 to $228.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $222.63.

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.