Amalgamated Bank Lowers Stake in AutoNation, Inc. (AN)

Amalgamated Bank lowered its stake in shares of AutoNation, Inc. (NYSE:AN) by 6.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,449 shares of the company’s stock after selling 688 shares during the period. Amalgamated Bank’s holdings in AutoNation were worth $442,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Capstone Asset Management Co. boosted its position in shares of AutoNation by 13.2% in the first quarter. Capstone Asset Management Co. now owns 22,726 shares of the company’s stock valued at $961,000 after buying an additional 2,650 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in shares of AutoNation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 22,750 shares of the company’s stock valued at $962,000 after buying an additional 325 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in shares of AutoNation during the first quarter valued at about $205,000. Chevy Chase Trust Holdings Inc. boosted its position in shares of AutoNation by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 56,546 shares of the company’s stock valued at $2,392,000 after buying an additional 1,664 shares during the last quarter. Finally, Force Capital Management LLC boosted its position in shares of AutoNation by 167.1% in the fourth quarter. Force Capital Management LLC now owns 82,801 shares of the company’s stock valued at $4,028,000 after buying an additional 51,801 shares during the last quarter. Hedge funds and other institutional investors own 66.17% of the company’s stock.

AutoNation, Inc. (NYSE:AN) traded up 2.53% during mid-day trading on Friday, hitting $39.70. The company had a trading volume of 2,078,865 shares. The firm’s 50 day moving average is $41.66 and its 200 day moving average is $43.46. AutoNation, Inc. has a 52 week low of $38.20 and a 52 week high of $53.74. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 9.89 and a beta of 1.24.

AutoNation (NYSE:AN) last released its earnings results on Wednesday, August 2nd. The company reported $0.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by $0.12. The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.56 billion. AutoNation had a net margin of 1.90% and a return on equity of 16.71%. AutoNation’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. On average, equities research analysts predict that AutoNation, Inc. will post $3.64 EPS for the current year.

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AN has been the topic of several analyst reports. BidaskClub cut AutoNation from a “sell” rating to a “strong sell” rating in a research report on Saturday. Deutsche Bank AG reissued a “hold” rating and issued a $50.00 price objective (down previously from $52.00) on shares of AutoNation in a research report on Saturday, April 29th. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 price objective on shares of AutoNation in a research report on Thursday, July 6th. Northcoast Research raised AutoNation from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Thursday, June 8th. Finally, Buckingham Research cut their price objective on AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.20.

AutoNation Company Profile

AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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