Investors Research Corp Acquires Shares of 900 AutoNation, Inc. (AN)

Investors Research Corp acquired a new position in shares of AutoNation, Inc. (NYSE:AN) in the 1st quarter, Holdings Channel reports. The fund acquired 900 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AN. AlphaOne Investment Services LLC purchased a new position in AutoNation during the fourth quarter worth $25,000. Bessemer Group Inc. boosted its stake in AutoNation by 67.8% during the fourth quarter. Bessemer Group Inc. now owns 881 shares of the company’s stock worth $31,000 after buying an additional 356 shares during the period. We Are One Seven LLC purchased a new position in AutoNation during the fourth quarter worth $32,000. Quantamental Technologies LLC purchased a new position in AutoNation during the fourth quarter worth $67,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AutoNation by 16.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,191 shares of the company’s stock worth $150,000 after buying an additional 601 shares during the period. 64.73% of the stock is owned by institutional investors.

Shares of AN opened at $42.31 on Monday. The firm has a market cap of $3.81 billion, a PE ratio of 9.42, a P/E/G ratio of 3.98 and a beta of 1.05. AutoNation, Inc. has a 12-month low of $32.83 and a 12-month high of $51.99. The company has a quick ratio of 0.22, a current ratio of 0.86 and a debt-to-equity ratio of 0.71.

AutoNation (NYSE:AN) last issued its earnings results on Friday, April 26th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.13. The firm had revenue of $4.98 billion during the quarter, compared to analyst estimates of $5.21 billion. AutoNation had a net margin of 1.85% and a return on equity of 15.89%. The business’s revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share. Analysts predict that AutoNation, Inc. will post 4.14 EPS for the current year.

A number of analysts have recently issued reports on the stock. ValuEngine raised shares of AutoNation from a “strong sell” rating to a “sell” rating in a research note on Friday. Seaport Global Securities assumed coverage on shares of AutoNation in a research note on Wednesday, February 13th. They set a “neutral” rating and a $38.06 target price for the company. Jefferies Financial Group reissued a “hold” rating and set a $41.00 target price on shares of AutoNation in a research note on Sunday, February 24th. JPMorgan Chase & Co. assumed coverage on shares of AutoNation in a research note on Tuesday, February 19th. They set an “underweight” rating and a $40.00 target price for the company. Finally, Bank of America reissued a “buy” rating and set a $55.00 target price (down from $59.00) on shares of AutoNation in a research note on Tuesday, February 26th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $41.38.

In other news, Director David B. Edelson acquired 1,150 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The stock was purchased at an average cost of $36.06 per share, for a total transaction of $41,469.00. Following the completion of the acquisition, the director now directly owns 37,030 shares of the company’s stock, valued at approximately $1,335,301.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.40% of the company’s stock.

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AutoNation Company Profile

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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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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