AutoNation, Inc. (NYSE:AN) CEO Michael J. Jackson sold 33,006 shares of the business’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $49.36, for a total transaction of $1,629,176.16. Following the sale, the chief executive officer now directly owns 164,107 shares in the company, valued at approximately $8,100,321.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of AutoNation traded up $0.71, reaching $50.22, during midday trading on Tuesday, according to Marketbeat Ratings. 703,200 shares of the company were exchanged, compared to its average volume of 905,572. The stock has a market cap of $4.49 billion, a PE ratio of 13.18, a PEG ratio of 1.46 and a beta of 1.39. AutoNation, Inc. has a one year low of $38.59 and a one year high of $62.02. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.21 and a current ratio of 0.86.
AutoNation (NYSE:AN) last issued its quarterly earnings data on Tuesday, May 1st. The company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. AutoNation had a net margin of 1.99% and a return on equity of 15.97%. The company had revenue of $5.26 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. AutoNation’s revenue for the quarter was up 2.3% on a year-over-year basis. sell-side analysts predict that AutoNation, Inc. will post 4.83 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. bought a new stake in shares of AutoNation in the fourth quarter worth $5,215,000. Liberty Mutual Group Asset Management Inc. bought a new stake in shares of AutoNation in the fourth quarter worth $851,000. Meadow Creek Investment Management LLC grew its stake in shares of AutoNation by 15.2% in the fourth quarter. Meadow Creek Investment Management LLC now owns 8,260 shares of the company’s stock worth $424,000 after purchasing an additional 1,092 shares during the last quarter. Kiltearn Partners LLP grew its stake in shares of AutoNation by 0.7% in the first quarter. Kiltearn Partners LLP now owns 1,891,474 shares of the company’s stock worth $86,724,000 after purchasing an additional 12,900 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of AutoNation by 0.5% in the fourth quarter. Swiss National Bank now owns 241,500 shares of the company’s stock worth $12,396,000 after purchasing an additional 1,100 shares during the last quarter. 67.42% of the stock is currently owned by institutional investors.
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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