Cwm LLC Sells 71 Shares of AutoNation, Inc. (NYSE:AN)

Cwm LLC cut its position in AutoNation, Inc. (NYSE:AN) by 6.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 984 shares of the company’s stock after selling 71 shares during the quarter. Cwm LLC’s holdings in AutoNation were worth $176,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC grew its stake in AutoNation by 90.6% during the second quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock worth $32,000 after purchasing an additional 96 shares during the period. Riverview Trust Co purchased a new stake in shares of AutoNation in the first quarter worth $33,000. Ashton Thomas Private Wealth LLC bought a new position in AutoNation in the second quarter valued at $37,000. Denali Advisors LLC grew its stake in shares of AutoNation by 79.7% during the first quarter. Denali Advisors LLC now owns 248 shares of the company’s stock valued at $41,000 after buying an additional 110 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of AutoNation in the first quarter worth about $57,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

Insider Buying and Selling at AutoNation

In other AutoNation news, major shareholder Edward S. Lampert sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $182.06, for a total transaction of $91,030.00. Following the sale, the insider now owns 3,825,338 shares in the company, valued at $696,441,036.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other AutoNation news, major shareholder Edward S. Lampert sold 39,194 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $183.43, for a total value of $7,189,355.42. Following the transaction, the insider now owns 3,786,144 shares of the company’s stock, valued at approximately $694,492,393.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Edward S. Lampert sold 500 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $182.06, for a total value of $91,030.00. Following the completion of the sale, the insider now owns 3,825,338 shares of the company’s stock, valued at $696,441,036.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,256 shares of company stock valued at $17,641,954 in the last three months. Corporate insiders own 0.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AN shares. Wells Fargo & Company lowered their price objective on AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Bank of America lowered their price target on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Stephens started coverage on AutoNation in a report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price objective for the company. Morgan Stanley raised AutoNation from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AutoNation from $160.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $200.38.

AutoNation Stock Performance

Shares of NYSE AN opened at $162.00 on Thursday. AutoNation, Inc. has a 12 month low of $123.81 and a 12 month high of $197.18. The company has a 50-day simple moving average of $171.07 and a 200-day simple moving average of $167.76. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.78 and a quick ratio of 0.21. The company has a market cap of $6.43 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 3.38 and a beta of 1.19.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $3.99 EPS for the quarter, missing the consensus estimate of $4.31 by ($0.32). The business had revenue of $6.48 billion during the quarter, compared to analysts’ expectations of $6.72 billion. AutoNation had a net margin of 2.93% and a return on equity of 36.50%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.29 EPS. On average, equities analysts anticipate that AutoNation, Inc. will post 17.57 earnings per share for the current year.

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.