Key Points
- CAO Kimberly Dees sold 2,500 AutoNation shares on May 5 at an average price of $204.91 for $512,275, reducing her stake by 63.2% to 1,456 shares (about $298,349), per an SEC filing.
- AutoNation missed Q results slightly, reporting $4.69 EPS vs. $4.71 expected and $6.55 billion in revenue vs. $6.65 billion expected, with revenue down 2.1% year‑over‑year.
- Shares trade near $205 with a market cap of $6.87 billion and a P/E of 11.13; analysts' consensus is a Moderate Buy with an average price target of $246.33.
AutoNation, Inc. (NYSE:AN - Get Free Report) CAO Kimberly Dees sold 2,500 shares of AutoNation stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $204.91, for a total transaction of $512,275.00. Following the transaction, the chief accounting officer owned 1,456 shares in the company, valued at $298,348.96. This represents a 63.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
AutoNation Trading Up 0.3%
Shares of AutoNation stock opened at $205.37 on Friday. The company's fifty day simple moving average is $196.34 and its 200-day simple moving average is $203.44. The stock has a market capitalization of $6.87 billion, a PE ratio of 11.13, a P/E/G ratio of 1.09 and a beta of 0.79. AutoNation, Inc. has a 1-year low of $175.80 and a 1-year high of $228.92. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.81 and a quick ratio of 0.22.
AutoNation (NYSE:AN - Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The company reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.71 by ($0.02). The business had revenue of $6.55 billion for the quarter, compared to analysts' expectations of $6.65 billion. AutoNation had a return on equity of 31.45% and a net margin of 2.47%.The company's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.68 EPS. As a group, equities analysts anticipate that AutoNation, Inc. will post 21.27 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Bank of America assumed coverage on shares of AutoNation in a research report on Wednesday, March 4th. They set a "buy" rating on the stock. JPMorgan Chase & Co. upgraded shares of AutoNation from a "neutral" rating to an "overweight" rating and set a $235.00 price objective on the stock in a research report on Friday, January 16th. Barclays raised their price objective on shares of AutoNation from $240.00 to $255.00 and gave the company an "overweight" rating in a research report on Wednesday. Stephens raised their price objective on shares of AutoNation from $228.00 to $232.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company raised their price objective on shares of AutoNation from $207.00 to $208.00 and gave the company an "equal weight" rating in a research report on Monday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, AutoNation has a consensus rating of "Moderate Buy" and a consensus price target of $246.33.
Read Our Latest Report on AN
Institutional Trading of AutoNation
Several institutional investors and hedge funds have recently modified their holdings of AN. Commonwealth Equity Services LLC increased its holdings in AutoNation by 0.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,494 shares of the company's stock valued at $1,960,000 after acquiring an additional 52 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in AutoNation by 0.9% in the 4th quarter. Kestra Advisory Services LLC now owns 5,668 shares of the company's stock valued at $1,170,000 after acquiring an additional 53 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in AutoNation by 0.9% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 6,288 shares of the company's stock valued at $1,376,000 after acquiring an additional 55 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in AutoNation by 13.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 519 shares of the company's stock valued at $114,000 after acquiring an additional 61 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its holdings in AutoNation by 3.2% in the 3rd quarter. Crestwood Advisors Group LLC now owns 2,076 shares of the company's stock valued at $454,000 after acquiring an additional 64 shares during the last quarter. 94.62% of the stock is currently owned by institutional investors.
About AutoNation
(
Get Free Report)
AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.
Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.
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