AutoNation, Inc. (NYSE:AN) Shares Acquired by CIBC World Markets Inc.

CIBC World Markets Inc. increased its position in AutoNation, Inc. (NYSE:AN) by 20.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,496 shares of the company’s stock after buying an additional 3,764 shares during the quarter. CIBC World Markets Inc.’s holdings in AutoNation were worth $2,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AN. Janney Montgomery Scott LLC lifted its holdings in shares of AutoNation by 27.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,179 shares of the company’s stock valued at $641,000 after purchasing an additional 1,986 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of AutoNation by 72.4% during the fourth quarter. First Trust Advisors LP now owns 288,688 shares of the company’s stock valued at $20,148,000 after purchasing an additional 121,242 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of AutoNation by 11.1% during the fourth quarter. California Public Employees Retirement System now owns 154,457 shares of the company’s stock valued at $10,780,000 after purchasing an additional 15,452 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of AutoNation during the fourth quarter valued at $240,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of AutoNation during the fourth quarter valued at $277,000. 58.06% of the stock is owned by institutional investors and hedge funds.

In related news, major shareholder Edward S. Lampert sold 1,968 shares of the stock in a transaction that occurred on Monday, May 17th. The stock was sold at an average price of $106.23, for a total transaction of $209,060.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Christopher Cade sold 9,864 shares of the stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $102.01, for a total value of $1,006,226.64. Following the sale, the chief accounting officer now owns 9,864 shares of the company’s stock, valued at approximately $1,006,226.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 557,732 shares of company stock worth $57,834,180. 1.50% of the stock is currently owned by insiders.

Several research firms recently weighed in on AN. Benchmark raised AutoNation from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Wednesday, April 28th. Truist upped their price target on AutoNation from $80.00 to $100.00 in a research report on Wednesday, April 21st. Truist Securities upped their target price on AutoNation from $80.00 to $100.00 and gave the stock a “hold” rating in a research report on Wednesday, April 21st. Finally, Morgan Stanley upped their target price on AutoNation from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $82.88.

Shares of NYSE AN opened at $95.01 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.39 and a current ratio of 1.02. The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 0.48 and a beta of 1.64. The firm’s 50-day moving average is $99.41. AutoNation, Inc. has a 52 week low of $35.64 and a 52 week high of $106.99.

AutoNation (NYSE:AN) last issued its quarterly earnings data on Monday, April 19th. The company reported $2.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.80 by $0.99. The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.03 billion. AutoNation had a return on equity of 24.22% and a net margin of 3.95%. The firm’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. As a group, analysts predict that AutoNation, Inc. will post 10.15 earnings per share for the current 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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