Public Employees Retirement Association of Colorado boosted its stake in AutoNation, Inc. (NYSE:AN) by 335.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,793 shares of the company’s stock after acquiring an additional 6,775 shares during the period. Public Employees Retirement Association of Colorado’s holdings in AutoNation were worth $451,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in AutoNation by 32.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,971 shares of the company’s stock valued at $2,834,000 after acquiring an additional 14,656 shares during the period. CLS Investments LLC purchased a new stake in AutoNation in the 3rd quarter valued at approximately $1,266,000. Garner Asset Management Corp boosted its holdings in AutoNation by 29.2% in the 3rd quarter. Garner Asset Management Corp now owns 35,155 shares of the company’s stock valued at $1,668,000 after purchasing an additional 7,945 shares in the last quarter. Shell Asset Management Co. boosted its holdings in AutoNation by 425.3% in the 3rd quarter. Shell Asset Management Co. now owns 14,424 shares of the company’s stock valued at $726,000 after purchasing an additional 11,678 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in AutoNation by 39.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 75,663 shares of the company’s stock valued at $3,569,000 after purchasing an additional 21,516 shares in the last quarter. Hedge funds and other institutional investors own 74.36% of the company’s stock.
A number of equities research analysts have weighed in on AN shares. ValuEngine raised AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Bank of America set a $68.00 price objective on AutoNation and gave the company a “hold” rating in a report on Friday, February 9th. Moffett Nathanson started coverage on AutoNation in a report on Monday, December 4th. They issued a “neutral” rating on the stock. Jefferies Group lifted their price objective on AutoNation from $44.00 to $50.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $50.00 price objective (up previously from $40.00) on shares of AutoNation in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.33.
AutoNation (NYSE:AN) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.10. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. AutoNation had a return on equity of 16.24% and a net margin of 2.02%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 EPS. research analysts expect that AutoNation, Inc. will post 4.79 earnings per share for the current fiscal year.
In other news, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the sale, the director now owns 37,677 shares of the company’s stock, valued at approximately $2,072,235. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert R. Grusky sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $51.99, for a total value of $519,900.00. Following the sale, the director now directly owns 32,677 shares in the company, valued at approximately $1,698,877.23. The disclosure for this sale can be found here. Insiders have sold a total of 20,000 shares of company stock worth $1,094,900 in the last three months. Corporate insiders own 3.10% of the company’s stock.
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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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