There has been some selling insider activity on AutoNation, Inc. Common Stock (NYSE:AN) recently. Robert R. Grusky, Director disclosed the sale of 2,000 shares of AN stock. The shares were sold on June 7th for an average price of $40.11. The Director now owns $1,071,458 of the stock according to the SEC filing. Christopher Cade, VP let go of $10,849 worth of shares at an average price of $39.74 on June 5th. The VP now owns $79,281 of the stock as reported to the SEC.
Jonathan P. Ferrando, EVP – GC, Corp Dev & HR reported the sale of 110,430 shares of (AN). The shares sold for $45.03. Ferrando now owns $2,251,500 of the stock per the Form 4 SEC filing.
AutoNation, Inc. (AutoNation), launched on May 30, 1991, is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, which include vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. It operates through three segments: Domestic, Import and Premium Luxury. These segments consist of retail automotive franchises that sell various new vehicle brands, including Ram, Genesis, Volkswagen, Jaguar, Porsche, Infiniti, Volvo, Land Rover, smart and Mazda. As of December 31, 2016, it owned and operated 371 new vehicle franchises from 260 stores located in the United States, predominantly in metropolitan markets in the Sunbelt region..
The following firms have also recently changed their position in AN. As of quarter end Proficio Capital Partners LLC had acquired a total of 10 shares growing its holdings by 250.0%. The value of the total investment in AutoNation, Inc. Common Stock increased from $0 to $1,000 a change of $1,000 quarter over quarter. As of the end of the quarter Morgan Stanley had bought 10,034 shares growing its position 91.0%. The value of the company’s investment in AutoNation, Inc. Common Stock went from $537,000 to $891,000 increasing 65.9% since the last quarter.
Winton Group Ltd grew its stake by buying 9,845 shares an increase of 6.6%. Winton Group Ltd owns 158,769 shares with a value of $6,714,000. The value of the position overall is down by 7.3%. As of the end of the quarter Tower Research Capital LLC (trc) had sold 1,841 shares trimming its stake by 94.9%. The value of the investment in (AN) decreased from $94,000 to $4,000 a change of 95.7% quarter to quarter.
On October 31 the stock rating was downgraded to “Neutral” from “” in a report issued by Bank of America. On October 6 the company was upgraded from “” to “Neutral” by .
On October 6 the stock rating was upgraded from “Sell” to “Neutral” in a report from Goldman Sachs. CL King initiated coverage on AN giving it an initial rating of “Buy”.
On August 31, 2016 Wolfe Research started covering the stock with a rating of “Peer Perform”. On April 11 analysts at Jefferies began coverage of AN setting a rating of “Hold”.
The company is up by 2.44 percent from yesterday’s close. Company chares are trading at $40.65 which is marginally over $40.59, the stock’s 50 day moving average and which is marginally lower than the 200 day moving average of $45.22. The 50 day moving average went up $0.06 or +0.14% and the 200 day average was down $-4.57.
The most current P/E ratio is 9.61 and market capitalization is 4.12B. In the last earnings report the EPS was $4.23 and is estimated to be $3.92 for the current year with 101,261,000 shares now outstanding. Analysts expect next quarter’s EPS to be $1.01 and the next full year EPS is anticipated to be $4.28.