Allspring Global Investments Holdings LLC Has $581,000 Stake in AutoNation, Inc. (NYSE:AN)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of AutoNation, Inc. (NYSE:AN) by 84.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,248 shares of the company’s stock after selling 17,160 shares during the period. Allspring Global Investments Holdings LLC’s holdings in AutoNation were worth $581,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AN. Dimensional Fund Advisors LP grew its stake in shares of AutoNation by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,605,708 shares of the company’s stock worth $255,910,000 after purchasing an additional 41,712 shares during the period. Boston Partners acquired a new stake in shares of AutoNation during the first quarter worth $170,270,000. LSV Asset Management grew its stake in shares of AutoNation by 0.6% during the second quarter. LSV Asset Management now owns 781,825 shares of the company’s stock worth $124,607,000 after purchasing an additional 4,350 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of AutoNation during the second quarter worth $15,832,000. Finally, Lodge Hill Capital LLC acquired a new stake in shares of AutoNation during the second quarter worth $15,141,000. 94.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Edward S. Lampert sold 39,194 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 3,786,144 shares in the company, valued at $694,492,393.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Edward S. Lampert sold 500 shares of the company’s stock in a transaction dated 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 approximately $696,441,036.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Edward S. Lampert sold 39,194 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 3,786,144 shares in the company, valued at $694,492,393.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on AutoNation from $160.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Stephens assumed coverage on AutoNation in a report on Thursday, September 12th. They set an “overweight” rating and a $210.00 target price on the stock. Morgan Stanley upgraded AutoNation from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $145.00 to $200.00 in a report on Wednesday, September 25th. Wells Fargo & Company reduced their target price on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Finally, Bank of America reduced their target price on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $200.43.

AutoNation Stock Performance

Shares of AutoNation stock opened at $156.27 on Friday. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 3.23 and a beta of 1.19. The stock’s 50-day moving average is $169.12 and its 200-day moving average is $167.75. AutoNation, Inc. has a one year low of $129.32 and a one year high of $197.18. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.21.

AutoNation (NYSE:AN) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $3.99 EPS for the quarter, missing analysts’ consensus estimates of $4.31 by ($0.32). The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $6.72 billion. AutoNation had a net margin of 2.74% and a return on equity of 32.01%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $6.29 earnings per share. Equities analysts predict that AutoNation, Inc. will post 17.27 earnings per share for the current fiscal year.

AutoNation 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.