AutoNation, Inc. (AN) CEO Michael J. Jackson Sells 33,006 Shares

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.

A number of analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of AutoNation from $49.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 14th. Guggenheim assumed coverage on shares of AutoNation in a research note on Monday, April 16th. They set a “neutral” rating on the stock. Finally, ValuEngine cut shares of AutoNation from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.75.

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.

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.

Insider Buying and Selling by Quarter for AutoNation (NYSE:AN)

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