Amalgamated Bank decreased its stake in shares of AutoNation, Inc. (NYSE:AN) by 6.2% during the first quarter, according to its most recent filing 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 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in AN. Vanguard Group Inc. increased its position in shares of AutoNation by 3.6% in the first quarter. Vanguard Group Inc. now owns 6,638,114 shares of the company’s stock valued at $280,727,000 after buying an additional 229,169 shares during the last quarter. Harris Associates L P increased its position in shares of AutoNation by 324.0% in the first quarter. Harris Associates L P now owns 5,038,530 shares of the company’s stock valued at $213,079,000 after buying an additional 3,850,104 shares during the last quarter. BlackRock Inc. increased its position in shares of AutoNation by 2,957.8% in the first quarter. BlackRock Inc. now owns 4,175,382 shares of the company’s stock valued at $176,578,000 after buying an additional 4,038,834 shares during the last quarter. Artisan Partners Limited Partnership increased its position in shares of AutoNation by 7.4% in the first quarter. Artisan Partners Limited Partnership now owns 2,936,019 shares of the company’s stock valued at $124,164,000 after buying an additional 202,917 shares during the last quarter. Finally, Kiltearn Partners LLP purchased a new position in shares of AutoNation during the first quarter valued at about $85,413,000. 66.12% of the stock is currently owned by institutional investors and hedge funds.
AutoNation, Inc. (NYSE AN) opened at 40.55 on Wednesday. The stock has a market cap of $4.11 billion, a P/E ratio of 9.59 and a beta of 1.25. The firm’s 50-day moving average is $40.18 and its 200-day moving average is $44.67. AutoNation, Inc. has a 1-year low of $38.20 and a 1-year high of $54.15.
AutoNation (NYSE:AN) last posted its quarterly earnings results on Tuesday, April 25th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.91 by $0.06. The business had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.33 billion. AutoNation had a net margin of 2.00% and a return on equity of 18.40%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. On average, analysts forecast that AutoNation, Inc. will post $3.91 EPS for the current year.
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AN has been the topic of several recent analyst reports. Deutsche Bank AG reissued a “hold” rating and set a $50.00 price objective (down previously from $52.00) on shares of AutoNation in a research note on Saturday, April 29th. BidaskClub raised shares of AutoNation from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Jefferies Group LLC reaffirmed a “hold” rating and set a $49.00 price target on shares of AutoNation in a research note on Thursday, July 6th. Northcoast Research raised shares of AutoNation from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday, June 8th. Finally, ValuEngine downgraded shares of AutoNation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. AutoNation currently has an average rating of “Hold” and a consensus price target of $48.86.
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.
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