Private Advisor Group LLC Sells 322 Shares of AutoNation, Inc. (NYSE:AN)

Private Advisor Group LLC cut its stake in AutoNation, Inc. (NYSE:ANFree Report) by 17.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,562 shares of the company’s stock after selling 322 shares during the period. Private Advisor Group LLC’s holdings in AutoNation were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its stake in shares of AutoNation by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,650 shares of the company’s stock worth $1,424,000 after purchasing an additional 64 shares during the last quarter. Lazard Asset Management LLC lifted its stake in AutoNation by 5.2% during the fourth quarter. Lazard Asset Management LLC now owns 1,612 shares of the company’s stock worth $172,000 after purchasing an additional 79 shares during the last quarter. Range Financial Group LLC boosted its stake in AutoNation by 1.8% in the third quarter. Range Financial Group LLC now owns 4,506 shares of the company’s stock valued at $682,000 after buying an additional 80 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of AutoNation by 5.1% during the 2nd quarter. Cetera Investment Advisers now owns 1,729 shares of the company’s stock valued at $285,000 after purchasing an additional 84 shares during the last quarter. Finally, Versor Investments LP grew its stake in shares of AutoNation by 1.8% during the second quarter. Versor Investments LP now owns 5,056 shares of the company’s stock worth $832,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.

Insider Buying and Selling at AutoNation

In other news, major shareholder Edward S. Lampert sold 25,405 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $151.75, for a total transaction of $3,855,208.75. Following the transaction, the insider now owns 4,736,445 shares of the company’s stock, valued at approximately $718,755,528.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Edward S. Lampert sold 25,405 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $151.75, for a total value of $3,855,208.75. Following the completion of the transaction, the insider now directly owns 4,736,445 shares of the company’s stock, valued at approximately $718,755,528.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Edward S. Lampert sold 380,497 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $143.12, for a total transaction of $54,456,730.64. Following the sale, the insider now directly owns 4,278,664 shares in the company, valued at approximately $612,362,391.68. The disclosure for this sale can be found here. Insiders have sold a total of 483,186 shares of company stock worth $69,331,092 over the last three months. 0.69% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AN shares. JPMorgan Chase & Co. upgraded shares of AutoNation from an “underweight” rating to a “neutral” rating and set a $145.00 target price on the stock in a research report on Tuesday, October 31st. Evercore ISI began coverage on shares of AutoNation in a research note on Wednesday, January 17th. They issued an “outperform” rating and a $185.00 price objective for the company. StockNews.com downgraded AutoNation from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of AutoNation in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $175.13.

View Our Latest Stock Analysis on AN

AutoNation Trading Up 0.1 %

NYSE AN opened at $144.16 on Wednesday. The business’s fifty day moving average is $142.65 and its 200-day moving average is $145.02. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.25. The stock has a market capitalization of $6.13 billion, a price-to-earnings ratio of 6.17, a PEG ratio of 1.12 and a beta of 1.21. AutoNation, Inc. has a one year low of $120.26 and a one year high of $182.08.

About AutoNation

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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