Savant Capital LLC decreased its stake in AutoNation Inc. (NYSE:AN) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 5,220 shares of the company’s stock after selling 130 shares during the period. Savant Capital LLC’s holdings in AutoNation were worth $245,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can acquired a new position in AutoNation during the second quarter worth $1,367,000. Shell Asset Management Co. boosted its position in AutoNation by 14.5% in the second quarter. Shell Asset Management Co. now owns 3,397 shares of the company’s stock worth $160,000 after buying an additional 430 shares during the last quarter. LS Investment Advisors LLC boosted its position in AutoNation by 13.6% in the second quarter. LS Investment Advisors LLC now owns 6,874 shares of the company’s stock worth $323,000 after buying an additional 824 shares during the last quarter. Nordea Investment Management AB boosted its position in AutoNation by 11.1% in the second quarter. Nordea Investment Management AB now owns 2,285 shares of the company’s stock worth $107,000 after buying an additional 229 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in AutoNation by 6.2% in the second quarter. Nisa Investment Advisors LLC now owns 31,142 shares of the company’s stock worth $1,463,000 after buying an additional 1,820 shares during the last quarter. Hedge funds and other institutional investors own 69.12% of the company’s stock.
Shares of AutoNation Inc. (NYSE:AN) traded down 1.77% during mid-day trading on Friday, hitting $49.27. The stock had a trading volume of 866,805 shares. AutoNation Inc. has a 12-month low of $40.45 and a 12-month high of $65.51. The stock has a market cap of $5.03 billion, a P/E ratio of 12.68 and a beta of 1.10. The company’s 50 day moving average price is $48.32 and its 200 day moving average price is $48.56.
AutoNation (NYSE:AN) last posted its earnings results on Friday, July 29th. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. The firm earned $5.44 billion during the quarter, compared to analysts’ expectations of $5.51 billion. AutoNation had a net margin of 1.99% and a return on equity of 19.91%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. Equities research analysts predict that AutoNation Inc. will post $4.26 EPS for the current fiscal year.
AN has been the subject of a number of analyst reports. Jefferies Group upped their price target on AutoNation from $50.00 to $57.00 and gave the company a “hold” rating in a research report on Monday, August 1st. TheStreet upgraded AutoNation from a “hold” rating to a “buy” rating in a research report on Monday, July 18th. Seaport Global Securities initiated coverage on AutoNation in a research report on Tuesday, August 9th. They issued a “neutral” rating for the company. Goldman Sachs Group Inc. upgraded 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 report on Thursday. They noted that the move was a valuation call. Finally, CL King initiated coverage on AutoNation in a research report on Wednesday, September 7th. They issued a “buy” rating for the company. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. AutoNation has a consensus rating of “Hold” and a consensus target price of $59.43.
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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