Gamco Investors INC. ET AL decreased its position in AutoNation, Inc. (NYSE:AN) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 769,277 shares of the company’s stock after selling 16,037 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.86% of AutoNation worth $32,263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AN. Investors Research Corp purchased a new stake in AutoNation during the first quarter valued at about $32,000. TRUE Private Wealth Advisors purchased a new stake in shares of AutoNation in the second quarter worth about $32,000. Trust Co. of Vermont purchased a new stake in shares of AutoNation in the second quarter worth about $42,000. Coastal Investment Advisors Inc. lifted its holdings in shares of AutoNation by 59.4% in the second quarter. Coastal Investment Advisors Inc. now owns 2,814 shares of the company’s stock worth $118,000 after buying an additional 1,049 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of AutoNation by 718.9% in the second quarter. Bessemer Group Inc. now owns 3,120 shares of the company’s stock worth $131,000 after buying an additional 2,739 shares in the last quarter. Institutional investors own 66.45% of the company’s stock.

A number of brokerages have recently issued reports on AN. SunTrust Banks increased their price target on shares of AutoNation to $43.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Longbow Research reissued a “hold” rating on shares of AutoNation in a report on Sunday, July 7th. Morgan Stanley increased their price target on shares of AutoNation from $35.00 to $39.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. TheStreet raised shares of AutoNation from a “c+” rating to a “b” rating in a report on Tuesday, July 23rd. Finally, ValuEngine downgraded shares of AutoNation from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. AutoNation has an average rating of “Hold” and an average price target of $41.38.

In other news, Chairman Michael J. Jackson sold 37,104 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $41.93, for a total value of $1,555,770.72. Following the transaction, the chairman now owns 204,790 shares in the company, valued at $8,586,844.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Jackson sold 64,462 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $48.51, for a total transaction of $3,127,051.62. Following the completion of the transaction, the insider now owns 199,917 shares in the company, valued at approximately $9,697,973.67. The disclosure for this sale can be found here. Insiders have sold 1,671,678 shares of company stock worth $79,427,712 over the last quarter. Company insiders own 2.40% of the company’s stock.

AN traded up $0.38 on Monday, reaching $47.96. The company had a trading volume of 7,502 shares, compared to its average volume of 1,072,465. The business has a 50 day simple moving average of $44.92 and a 200 day simple moving average of $39.89. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 3.01 and a beta of 1.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.83. AutoNation, Inc. has a 52-week low of $32.83 and a 52-week high of $49.61.

AutoNation (NYSE:AN) last issued its quarterly earnings results on Monday, July 22nd. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.29 billion. During the same period last year, the business earned $1.14 earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. As a group, equities research analysts predict that AutoNation, Inc. will post 4.46 EPS for the current fiscal year.

AutoNation Company Profile

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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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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