ARP Americas LP Makes New $277,000 Investment in AutoNation, Inc. (NYSE:AN)

ARP Americas LP bought a new position in shares of AutoNation, Inc. (NYSE:AN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,371 shares of the company’s stock, valued at approximately $277,000.

Several other hedge funds have also recently modified their holdings of AN. Twin Tree Management LP acquired a new position in AutoNation in the first quarter valued at $28,000. US Bancorp DE increased its position in shares of AutoNation by 18.0% in the first quarter. US Bancorp DE now owns 2,971 shares of the company’s stock worth $83,000 after acquiring an additional 453 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of AutoNation by 15.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,059 shares of the company’s stock worth $114,000 after acquiring an additional 535 shares in the last quarter. Pearl River Capital LLC increased its position in shares of AutoNation by 47.9% in the first quarter. Pearl River Capital LLC now owns 6,228 shares of the company’s stock worth $175,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new position in shares of AutoNation in the second quarter worth approximately $179,000. Hedge funds and other institutional investors own 63.56% of the company’s stock.

Several research firms have recently weighed in on AN. ValuEngine downgraded shares of AutoNation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 14th. SunTrust Banks boosted their price objective on shares of AutoNation from $42.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, July 24th. Northcoast Research downgraded shares of AutoNation from a “buy” rating to a “neutral” rating in a research report on Friday, July 17th. TheStreet raised shares of AutoNation from a “c” rating to a “b-” rating in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. raised shares of AutoNation from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $53.00 to $70.00 in a research report on Friday, July 24th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $53.80.

In related news, Director Robert R. Grusky sold 5,000 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now directly owns 49,721 shares in the company, valued at approximately $2,734,655. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael J. Jackson sold 90,819 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $54.97, for a total transaction of $4,992,320.43. Following the transaction, the chief executive officer now owns 282,753 shares of the company’s stock, valued at $15,542,932.41. The disclosure for this sale can be found here. Insiders sold 134,685 shares of company stock valued at $7,383,022 over the last 90 days. 2.10% of the stock is owned by corporate insiders.

AN stock traded down $0.29 during trading hours on Friday, hitting $51.34. The company’s stock had a trading volume of 1,098,500 shares, compared to its average volume of 1,148,946. The company has a quick ratio of 0.28, a current ratio of 0.92 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $4.48 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 2.27 and a beta of 1.47. AutoNation, Inc. has a 12 month low of $20.59 and a 12 month high of $57.09. The stock has a 50 day moving average price of $42.23 and a two-hundred day moving average price of $39.44.

AutoNation (NYSE:AN) last posted its earnings results on Thursday, July 23rd. The company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $1.04. AutoNation had a net margin of 1.51% and a return on equity of 14.20%. The company had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. Sell-side analysts expect that AutoNation, Inc. will post 4.8 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.

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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