AutoNation, Inc. (NYSE:AN) EVP Donna L. Parlapiano sold 3,367 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $51.81, for a total value of $174,444.27. Following the completion of the transaction, the executive vice president now directly owns 11,469 shares in the company, valued at approximately $594,208.89. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of AutoNation, Inc. (NYSE AN) opened at $53.24 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.17 and a debt-to-equity ratio of 0.59. AutoNation, Inc. has a 1-year low of $38.20 and a 1-year high of $55.77. The firm has a market capitalization of $4,812.65, a PE ratio of 13.66, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24.
AutoNation (NYSE:AN) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.16. AutoNation had a return on equity of 16.40% and a net margin of 1.87%. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.58 billion. During the same quarter in the prior year, the business earned $1.05 EPS. AutoNation’s revenue was down 2.4% on a year-over-year basis. equities analysts expect that AutoNation, Inc. will post 3.73 earnings per share for the current year.
AutoNation announced that its Board of Directors has authorized a stock buyback program on Tuesday, August 29th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new stake in AutoNation during the 3rd quarter worth about $751,000. Point72 Asset Management L.P. increased its holdings in AutoNation by 315.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 107,700 shares of the company’s stock worth $5,111,000 after purchasing an additional 157,700 shares during the period. Foyston Gordon & Payne Inc increased its holdings in AutoNation by 34.2% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 84,628 shares of the company’s stock worth $4,016,000 after purchasing an additional 21,550 shares during the period. Janus Henderson Group PLC increased its holdings in AutoNation by 24.0% during the 3rd quarter. Janus Henderson Group PLC now owns 8,272 shares of the company’s stock worth $393,000 after purchasing an additional 1,600 shares during the period. Finally, CLS Investments LLC purchased a new stake in AutoNation during the 3rd quarter worth about $1,266,000. Institutional investors own 83.61% of the company’s stock.
Several equities analysts have recently commented on the company. ValuEngine lowered AutoNation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Deutsche Bank AG reissued a “hold” rating and set a $43.00 target price (down previously from $46.00) on shares of AutoNation in a research note on Wednesday, August 9th. Wells Fargo & Company reissued a “market perform” rating and set a $50.00 target price (up previously from $40.00) on shares of AutoNation in a research note on Monday, November 6th. Buckingham Research decreased their target price on AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, August 3rd. Finally, Berenberg Bank assumed coverage on AutoNation in a research note on Wednesday, October 4th. They set a “buy” rating and a $55.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.88.
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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