Hi Line Capital Management LLC increased its position in shares of AutoNation, Inc. (NYSE:AN) by 0.8% in the second quarter, HoldingsChannel.com reports. The firm owned 110,513 shares of the company’s stock after acquiring an additional 837 shares during the quarter. AutoNation comprises 2.1% of Hi Line Capital Management LLC’s holdings, making the stock its 21st largest position. Hi Line Capital Management LLC’s holdings in AutoNation were worth $4,635,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. TRUE Private Wealth Advisors acquired a new position in AutoNation in the second quarter valued at $32,000. Trust Co. of Vermont acquired a new position in AutoNation in the second quarter valued at $42,000. Coastal Investment Advisors Inc. boosted its stake in AutoNation by 59.4% in the second quarter. Coastal Investment Advisors Inc. now owns 2,814 shares of the company’s stock valued at $118,000 after acquiring an additional 1,049 shares in the last quarter. Pearl River Capital LLC acquired a new position in AutoNation in the second quarter valued at $129,000. Finally, Bessemer Group Inc. boosted its stake in AutoNation by 718.9% in the second quarter. Bessemer Group Inc. now owns 3,120 shares of the company’s stock valued at $131,000 after acquiring an additional 2,739 shares in the last quarter. Hedge funds and other institutional investors own 67.84% of the company’s stock.
In related news, major shareholder Edward S. Lampert sold 1,532,114 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $47.60, for a total transaction of $72,928,626.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Michael J. Jackson sold 32,231 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $48.22, for a total transaction of $1,554,178.82. Following the sale, the chairman now owns 199,917 shares in the company, valued at approximately $9,639,997.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,658,211 shares of company stock valued at $79,072,428. Corporate insiders own 2.40% of the company’s stock.
AN has been the subject of several research analyst reports. ValuEngine downgraded shares of AutoNation from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. TheStreet upgraded shares of AutoNation from a “c+” rating to a “b” rating in a research note on Tuesday, July 23rd. Longbow Research restated a “hold” rating on shares of AutoNation in a research note on Sunday, July 7th. Finally, Morgan Stanley upped their price objective on shares of AutoNation from $35.00 to $39.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. AutoNation has a consensus rating of “Hold” and a consensus price target of $41.38.
Shares of AN opened at $51.43 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.83 and a quick ratio of 0.20. The firm has a 50 day simple moving average of $47.98 and a 200-day simple moving average of $41.12. AutoNation, Inc. has a 1-year low of $32.83 and a 1-year high of $52.56. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 3.31 and a beta of 1.07.
AutoNation (NYSE:AN) last issued its quarterly earnings data on Monday, July 22nd. The company reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.12. AutoNation had a net margin of 1.89% and a return on equity of 15.10%. The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same period last year, the company posted $1.14 EPS. The company’s revenue was down .8% on a year-over-year basis. On average, equities analysts expect that AutoNation, Inc. will post 4.49 earnings per share for the current fiscal year.
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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