AutoNation, Inc. (NYSE:AN) Director Sells $250,000.00 in Stock

AutoNation, Inc. (NYSE:AN) Director Robert R. Grusky sold 5,000 shares of AutoNation stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the transaction, the director now directly owns 44,611 shares of the company’s stock, valued at $2,230,550. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NYSE:AN traded down $0.20 on Wednesday, hitting $51.82. 848,652 shares of the company traded hands, compared to its average volume of 822,849. AutoNation, Inc. has a 52 week low of $32.83 and a 52 week high of $52.42. The company has a quick ratio of 0.20, a current ratio of 0.83 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $47.88 and a 200-day simple moving average of $41.05. The company has a market cap of $4.54 billion, a PE ratio of 11.54, a PEG ratio of 3.18 and a beta of 1.07.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Monday, July 22nd. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.12. The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.29 billion. AutoNation had a return on equity of 15.10% and a net margin of 1.89%. AutoNation’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS. As a group, sell-side analysts anticipate that AutoNation, Inc. will post 4.49 earnings per share for the current year.

A number of equities research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of AutoNation from $35.00 to $39.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. TheStreet raised shares of AutoNation from a “c+” rating to a “b” rating in a research note on Tuesday, July 23rd. Longbow Research reiterated a “hold” rating on shares of AutoNation in a report on Sunday, July 7th. Finally, ValuEngine cut AutoNation from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. AutoNation presently has an average rating of “Hold” and an average price target of $41.38.

A number of large investors have recently added to or reduced their stakes in AN. TRUE Private Wealth Advisors purchased a new position in AutoNation in the second quarter worth about $32,000. Trust Co. of Vermont bought a new position in shares of AutoNation in the second quarter worth approximately $42,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of AutoNation by 123.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the company’s stock valued at $43,000 after buying an additional 573 shares during the last quarter. Coastal Investment Advisors Inc. grew its holdings in shares of AutoNation by 59.4% during the second quarter. Coastal Investment Advisors Inc. now owns 2,814 shares of the company’s stock valued at $118,000 after buying an additional 1,049 shares during the last quarter. Finally, Pearl River Capital LLC purchased a new stake in shares of AutoNation during the second quarter valued at approximately $129,000. Institutional investors and hedge funds own 67.84% of the company’s stock.

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.

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