AutoNation, Inc. (NYSE:AN – Get Free Report) major shareholder Edward S. Lampert sold 39,194 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $183.43, for a total transaction of $7,189,355.42. Following the transaction, the insider now directly owns 3,786,144 shares of the company’s stock, valued at $694,492,393.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
AutoNation Price Performance
AN traded down $3.02 during midday trading on Tuesday, hitting $179.34. The company had a trading volume of 161,883 shares, compared to its average volume of 420,769. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.21 and a current ratio of 0.78. The company has a market capitalization of $7.22 billion, a PE ratio of 8.50, a P/E/G ratio of 3.48 and a beta of 1.21. AutoNation, Inc. has a twelve month low of $123.81 and a twelve month high of $197.18. The firm’s 50-day simple moving average is $169.66 and its 200-day simple moving average is $162.81.
AutoNation (NYSE:AN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $3.99 earnings per share for the quarter, missing the consensus estimate of $4.31 by ($0.32). The company had revenue of $6.48 billion during the quarter, compared to analyst estimates of $6.72 billion. AutoNation had a net margin of 2.93% and a return on equity of 36.50%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.29 EPS. Equities research analysts predict that AutoNation, Inc. will post 17.67 EPS for the current fiscal year.
Institutional Investors Weigh In On AutoNation
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Guggenheim increased their target price on shares of AutoNation from $169.00 to $187.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Bank of America increased their target price on shares of AutoNation from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Wells Fargo & Company increased their target price on shares of AutoNation from $164.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Evercore ISI increased their target price on shares of AutoNation from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of AutoNation from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $187.71.
View Our Latest Research Report on AutoNation
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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