Ninety One UK Ltd Boosts Holdings in AutoNation, Inc. (NYSE:AN)

Ninety One UK Ltd increased its holdings in shares of AutoNation, Inc. (NYSE:AN) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,238,097 shares of the company’s stock after purchasing an additional 18,016 shares during the period. Ninety One UK Ltd owned 1.42% of AutoNation worth $46,528,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AN. Copper Rock Capital Partners LLC acquired a new stake in AutoNation during the 2nd quarter worth $612,504,000. Eminence Capital LP acquired a new stake in AutoNation during the 1st quarter worth $24,487,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of AutoNation by 15.0% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,612,540 shares of the company’s stock worth $129,428,000 after acquiring an additional 602,718 shares during the period. AQR Capital Management LLC lifted its stake in shares of AutoNation by 43.8% in the 1st quarter. AQR Capital Management LLC now owns 1,079,869 shares of the company’s stock worth $30,301,000 after acquiring an additional 328,734 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of AutoNation in the 2nd quarter worth $6,914,000. Hedge funds and other institutional investors own 83.06% of the company’s stock.

Several analysts have recently commented on the stock. SunTrust Banks raised their target price on shares of AutoNation from $42.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, July 24th. ValuEngine upgraded shares of AutoNation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 22nd. Northcoast Research cut shares of AutoNation from a “buy” rating to a “neutral” rating in a research note on Friday, July 17th. TheStreet upgraded shares of AutoNation from a “c” rating to a “b-” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley raised their target price on shares of AutoNation from $38.00 to $54.00 and gave the stock an “underweight” rating in a research note on Monday, July 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $56.33.

In other AutoNation news, CEO Michael J. Jackson sold 90,819 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $54.97, for a total transaction of $4,992,320.43. Following the completion of the transaction, the chief executive officer now directly owns 282,753 shares in the company, valued at approximately $15,542,932.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP C Coleman Edmunds sold 13,866 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $56.26, for a total transaction of $780,101.16. Following the transaction, the executive vice president now owns 21,516 shares of the company’s stock, valued at $1,210,490.16. The disclosure for this sale can be found here. Insiders have sold a total of 134,685 shares of company stock valued at $7,383,022 over the last 90 days. 2.10% of the stock is currently owned by insiders.

Shares of NYSE AN traded down $1.32 during midday trading on Wednesday, hitting $54.98. The company had a trading volume of 632,733 shares, compared to its average volume of 923,279. The company has a quick ratio of 0.28, a current ratio of 0.92 and a debt-to-equity ratio of 0.57. AutoNation, Inc. has a twelve month low of $20.59 and a twelve month high of $59.58. The business has a 50-day simple moving average of $55.79 and a two-hundred day simple moving average of $41.85. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 1.27 and a beta of 1.64.

AutoNation (NYSE:AN) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $1.04. AutoNation had a net margin of 1.51% and a return on equity of 14.20%. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the business earned $1.12 earnings per share. The business’s revenue for the quarter was down 15.2% compared to the same quarter last year. On average, equities analysts forecast that AutoNation, Inc. will post 5.46 EPS for the current year.

AutoNation 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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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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