Employees Retirement System of Texas continued to hold its position in AutoNation, Inc. (NYSE:AN) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,000 shares of the company’s stock at the end of the second quarter. Employees Retirement System of Texas’ holdings in AutoNation were worth $211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Arlington Value Capital LLC boosted its holdings in shares of AutoNation by 284.0% in the 2nd quarter. Arlington Value Capital LLC now owns 2,096,311 shares of the company’s stock worth $88,380,000 after buying an additional 1,550,426 shares during the last quarter. Brandywine Global Investment Management LLC boosted its holdings in shares of AutoNation by 279.8% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 127,547 shares of the company’s stock worth $5,378,000 after buying an additional 93,964 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of AutoNation by 23.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,435,057 shares of the company’s stock worth $102,661,000 after buying an additional 459,599 shares during the last quarter. Ramsey Quantitative Systems purchased a new position in shares of AutoNation in the 2nd quarter worth about $312,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in shares of AutoNation by 29.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 158,191 shares of the company’s stock worth $6,669,000 after buying an additional 35,905 shares during the last quarter. 73.41% of the stock is currently owned by hedge funds and other institutional investors.

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In other AutoNation news, Director Robert R. Grusky sold 2,800 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $38.99, for a total value of $109,172.00. Following the transaction, the director now directly owns 30,713 shares of the company’s stock, valued at $1,197,499.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.10% of the company’s stock.

Shares of AutoNation, Inc. (NYSE:AN) opened at 45.50 on Friday. The stock has a market capitalization of $4.57 billion, a P/E ratio of 11.33 and a beta of 1.21. AutoNation, Inc. has a 12-month low of $38.20 and a 12-month high of $53.74. The firm’s 50-day moving average is $46.26 and its 200 day moving average is $42.43.

AutoNation (NYSE:AN) last announced its earnings results on Wednesday, August 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.12). The firm had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.56 billion. AutoNation had a return on equity of 16.71% and a net margin of 1.90%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 earnings per share. On average, equities research analysts forecast that AutoNation, Inc. will post $3.57 EPS for the current fiscal year.

AutoNation declared that its Board of Directors has initiated a stock repurchase program on Tuesday, August 29th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

A number of equities analysts recently weighed in on the stock. ValuEngine downgraded shares of AutoNation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Deutsche Bank AG reissued a “hold” rating and issued a $43.00 price target (down from $46.00) on shares of AutoNation in a report on Wednesday, August 9th. Jefferies Group LLC reissued a “hold” rating and issued a $49.00 price target on shares of AutoNation in a report on Thursday, July 6th. Buckingham Research cut their price target on shares of AutoNation from $44.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, August 3rd. Finally, Berenberg Bank assumed coverage on shares of AutoNation in a report on Wednesday, October 4th. They issued a “buy” rating and a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. AutoNation currently has an average rating of “Hold” and an average price target of $45.20.

About AutoNation

AutoNation, Inc (AutoNation) 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, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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