Eaton Vance Management acquired a new stake in shares of AutoNation Inc. (NYSE:AN) during the second quarter, Holdings Channel reports. The fund acquired 5,972 shares of the company’s stock, valued at approximately $281,000.
A number of other institutional investors also recently made changes to their positions in AN. Norges Bank bought a new position in shares of AutoNation during the fourth quarter valued at $39,603,000. Aperio Group LLC boosted its position in shares of AutoNation by 3.5% in the first quarter. Aperio Group LLC now owns 18,142 shares of the company’s stock valued at $847,000 after buying an additional 614 shares in the last quarter. Pacad Investment Ltd. boosted its position in shares of AutoNation by 39.9% in the first quarter. Pacad Investment Ltd. now owns 22,100 shares of the company’s stock valued at $1,032,000 after buying an additional 6,300 shares in the last quarter. Teachers Advisors Inc. boosted its position in shares of AutoNation by 4.4% in the first quarter. Teachers Advisors Inc. now owns 67,906 shares of the company’s stock valued at $3,170,000 after buying an additional 2,844 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in shares of AutoNation by 0.7% in the first quarter. BlackRock Group LTD now owns 568,023 shares of the company’s stock valued at $26,516,000 after buying an additional 4,051 shares in the last quarter. 69.12% of the stock is owned by hedge funds and other institutional investors.
AutoNation Inc. (NYSE:AN) traded up 1.01% during midday trading on Monday, hitting $49.20. The company’s stock had a trading volume of 328,838 shares. The stock has a 50 day moving average of $48.23 and a 200 day moving average of $48.53. AutoNation Inc. has a 52-week low of $40.45 and a 52-week high of $65.51. The company has a market cap of $5.02 billion, a PE ratio of 12.66 and a beta of 1.10.
AutoNation (NYSE:AN) last issued its quarterly earnings data on Friday, July 29th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.03. AutoNation had a return on equity of 19.91% and a net margin of 1.99%. The company had revenue of $5.44 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter last year, the business posted $1.00 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that AutoNation Inc. will post $4.26 EPS for the current year.
Several brokerages have recently issued reports on AN. Jefferies Group lifted their price target on AutoNation from $50.00 to $57.00 and gave the company a “hold” rating in a research note on Monday, August 1st. TheStreet upgraded AutoNation from a “hold” rating to a “buy” rating in a research report on Monday, July 18th. Seaport Global Securities started coverage on AutoNation in a research report on Tuesday, August 9th. They set a “neutral” rating on the stock. CL King started coverage on AutoNation in a research report on Wednesday, September 7th. They set a “buy” rating on the stock. Finally, Wolfe Research started coverage on AutoNation in a research report on Wednesday, August 31st. They set a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $59.43.
AutoNation Company Profile
AutoNation, Inc 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.
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