Robert R. Grusky Sells 5,000 Shares of AutoNation, Inc. (NYSE:AN) Stock

AutoNation, Inc. (NYSE:AN) Director Robert R. Grusky sold 5,000 shares of AutoNation stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the completion of the transaction, the director now owns 44,611 shares of the company’s stock, valued at $1,784,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of AutoNation stock traded up $0.32 on Friday, hitting $40.05. 763,200 shares of the company traded hands, compared to its average volume of 899,382. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 0.57. AutoNation, Inc. has a 12-month low of $32.83 and a 12-month high of $51.99. The stock has a market cap of $3.48 billion, a P/E ratio of 8.92, a P/E/G ratio of 3.56 and a beta of 1.12.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Friday, April 26th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.92 by $0.13. AutoNation had a net margin of 1.87% and a return on equity of 15.48%. The business had revenue of $4.98 billion for the quarter, compared to analysts’ expectations of $5.21 billion. During the same period in the previous year, the company posted $1.01 EPS. AutoNation’s revenue was down 5.3% on a year-over-year basis. On average, equities research analysts expect that AutoNation, Inc. will post 4.26 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. AlphaOne Investment Services LLC bought a new stake in AutoNation in the fourth quarter worth $25,000. Bessemer Group Inc. boosted its holdings in AutoNation by 67.8% during the fourth quarter. Bessemer Group Inc. now owns 881 shares of the company’s stock valued at $31,000 after acquiring an additional 356 shares during the period. We Are One Seven LLC bought a new stake in AutoNation during the fourth quarter valued at about $32,000. Investors Research Corp bought a new stake in AutoNation during the first quarter valued at about $32,000. Finally, Advisor Group Inc. boosted its holdings in AutoNation by 696.8% during the first quarter. Advisor Group Inc. now owns 996 shares of the company’s stock valued at $35,000 after acquiring an additional 871 shares during the period. Hedge funds and other institutional investors own 62.66% of the company’s stock.

Several research analysts have issued reports on the company. Morgan Stanley upped their price target on AutoNation from $27.00 to $36.00 and gave the company an “underweight” rating in a report on Monday, May 6th. SunTrust Banks upped their price target on AutoNation to $43.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. 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 on the stock. 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. Finally, 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 on the stock. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. AutoNation currently has a consensus rating of “Hold” and a consensus target price of $41.01.

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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.

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

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