AutoNation, Inc. (AN) CEO Buys $100,296.25 in Stock

AutoNation, Inc. (NYSE:AN) CEO Carl C. Liebert III purchased 2,575 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was acquired at an average cost of $38.95 per share, with a total value of $100,296.25. Following the completion of the acquisition, the chief executive officer now directly owns 2,575 shares of the company’s stock, valued at $100,296.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of AN stock traded up $0.40 during trading hours on Friday, hitting $40.13. The stock had a trading volume of 11,689 shares, compared to its average volume of 1,075,816. The company has a market capitalization of $3.48 billion, a P/E ratio of 8.94, a PEG ratio of 3.56 and a beta of 1.12. AutoNation, Inc. has a twelve month low of $32.83 and a twelve month high of $51.99. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 0.57.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Friday, April 26th. The company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.13. The business had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $5.21 billion. AutoNation had a return on equity of 15.48% and a net margin of 1.87%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. Research analysts predict that AutoNation, Inc. will post 4.26 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its holdings in shares of AutoNation by 153.4% during the first quarter. Jane Street Group LLC now owns 14,679 shares of the company’s stock worth $524,000 after purchasing an additional 42,171 shares during the period. Zebra Capital Management LLC acquired a new stake in shares of AutoNation during the first quarter worth $228,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of AutoNation during the first quarter worth $3,941,000. Morgan Stanley lifted its holdings in shares of AutoNation by 88.8% during the first quarter. Morgan Stanley now owns 216,848 shares of the company’s stock worth $7,745,000 after purchasing an additional 102,003 shares during the period. Finally, Man Group plc lifted its holdings in shares of AutoNation by 55.1% during the first quarter. Man Group plc now owns 39,557 shares of the company’s stock worth $1,413,000 after purchasing an additional 14,048 shares during the period. 62.66% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on AN. ValuEngine raised AutoNation from a “strong sell” rating to a “sell” rating in a report on Friday, April 26th. SunTrust Banks upped their price target on AutoNation to $43.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Morgan Stanley upped their price target on AutoNation from $27.00 to $36.00 and gave the company an “underweight” rating in a report on Monday, May 6th. JPMorgan Chase & Co. began coverage on AutoNation in a report on Tuesday, February 19th. They issued an “underweight” rating and a $40.00 price target for the company. Finally, Seaport Global Securities started coverage on AutoNation in a report on Wednesday, February 13th. They issued a “neutral” rating and a $38.06 price target for the company. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. AutoNation currently has a consensus rating of “Hold” and a consensus price target of $41.01.

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About AutoNation

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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