KBC Group NV Buys 691 Shares of AutoNation, Inc. (NYSE:AN)

KBC Group NV raised its stake in shares of AutoNation, Inc. (NYSE:ANFree Report) by 7.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,200 shares of the company’s stock after acquiring an additional 691 shares during the period. KBC Group NV’s holdings in AutoNation were worth $1,532,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. WealthPlan Investment Management LLC bought a new position in shares of AutoNation in the 3rd quarter worth approximately $228,000. Oppenheimer & Co. Inc. lifted its stake in shares of AutoNation by 11.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,606 shares of the company’s stock worth $849,000 after purchasing an additional 588 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of AutoNation in the 3rd quarter worth approximately $307,000. Amalgamated Bank lifted its stake in shares of AutoNation by 2.8% in the 3rd quarter. Amalgamated Bank now owns 20,919 shares of the company’s stock worth $3,167,000 after purchasing an additional 564 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of AutoNation by 39.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 35,464 shares of the company’s stock worth $5,369,000 after purchasing an additional 10,115 shares during the period. Institutional investors own 94.62% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Edward S. Lampert sold 100,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $161.26, for a total value of $16,126,000.00. Following the completion of the sale, the insider now directly owns 4,167,270 shares of the company’s stock, valued at $672,013,960.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other AutoNation news, Director David B. Edelson sold 10,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $168.00, for a total transaction of $1,680,000.00. Following the completion of the sale, the director now directly owns 48,793 shares of the company’s stock, valued at $8,197,224. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Edward S. Lampert sold 100,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $161.26, for a total transaction of $16,126,000.00. Following the sale, the insider now directly owns 4,167,270 shares of the company’s stock, valued at $672,013,960.20. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

AutoNation Trading Down 0.7 %

AN stock opened at $165.82 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 1.47. AutoNation, Inc. has a twelve month low of $123.81 and a twelve month high of $182.08. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 3.18 and a beta of 1.21. The firm’s fifty day simple moving average is $163.40 and its two-hundred day simple moving average is $151.47.

AutoNation (NYSE:ANGet Free Report) last issued its earnings results on Friday, April 26th. The company reported $4.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.45 by $0.04. The firm had revenue of $6.49 billion during the quarter, compared to analyst estimates of $6.49 billion. AutoNation had a net margin of 3.41% and a return on equity of 42.44%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $6.05 earnings per share. As a group, analysts anticipate that AutoNation, Inc. will post 18.44 earnings per share for the current year.

AutoNation announced that its board has approved a stock buyback plan on Friday, April 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 14.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AN. Morgan Stanley raised shares of AutoNation from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $117.00 to $140.00 in a report on Thursday, February 29th. Wells Fargo & Company lifted their price objective on shares of AutoNation from $153.00 to $169.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. StockNews.com cut shares of AutoNation from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Bank of America reduced their price target on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AutoNation from $142.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, AutoNation presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.88.

Get Our Latest Stock Analysis on AutoNation

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.

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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