Gargoyle Investment Advisor L.L.C. maintained its position in shares of AutoNation Inc. (NYSE:AN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,425 shares of the company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in AutoNation were worth $255,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in AN. Nordea Investment Management AB raised its position in shares of AutoNation by 11.1% in the second quarter. Nordea Investment Management AB now owns 2,285 shares of the company’s stock valued at $107,000 after buying an additional 229 shares in the last quarter. Creative Planning raised its position in shares of AutoNation by 36.1% in the second quarter. Creative Planning now owns 2,730 shares of the company’s stock valued at $128,000 after buying an additional 724 shares in the last quarter. Shell Asset Management Co. raised its position in shares of AutoNation by 14.5% in the second quarter. Shell Asset Management Co. now owns 3,397 shares of the company’s stock valued at $160,000 after buying an additional 430 shares in the last quarter. Baxter Bros Inc. bought a new position in shares of AutoNation during the second quarter valued at approximately $285,000. Finally, GWM Advisors LLC bought a new position in shares of AutoNation during the second quarter valued at approximately $299,000. Institutional investors own 69.12% of the company’s stock.
AutoNation Inc. (NYSE:AN) traded down 1.77% during midday trading on Friday, hitting $49.27. The stock had a trading volume of 866,805 shares. The company has a 50-day moving average price of $48.32 and a 200-day moving average price of $48.56. AutoNation Inc. has a 12-month low of $40.45 and a 12-month high of $65.51. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 12.68 and a beta of 1.10.
AutoNation (NYSE:AN) last released its quarterly earnings data on Friday, July 29th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.03. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $5.51 billion. AutoNation had a return on equity of 19.91% and a net margin of 1.99%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS. Equities analysts anticipate that AutoNation Inc. will post $4.26 EPS for the current year.
Several brokerages have commented on AN. TheStreet upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a research note on Monday, July 18th. Goldman Sachs Group Inc. upgraded shares of AutoNation from a “sell” rating to a “neutral” rating and dropped their price target for the company from $52.00 to $49.00 in a research note on Thursday. They noted that the move was a valuation call. Seaport Global Securities began coverage on shares of AutoNation in a research note on Tuesday, August 9th. They issued a “neutral” rating on the stock. Jefferies Group increased their price target on shares of AutoNation from $50.00 to $57.00 and gave the company a “hold” rating in a research note on Monday, August 1st. Finally, Wolfe Research began coverage on shares of AutoNation in a research note on Wednesday, August 31st. They issued a “peer perform” rating on the stock. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.43.
AutoNation Company Profile
AutoNation, Inc is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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