Crestline Management LP cut its stake in shares of AutoNation, Inc. (NYSE:AN) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,020 shares of the company’s stock after selling 687 shares during the quarter. AutoNation accounts for approximately 0.6% of Crestline Management LP’s holdings, making the stock its 22nd biggest position. Crestline Management LP’s holdings in AutoNation were worth $3,642,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Stone Ridge Asset Management LLC increased its position in shares of AutoNation by 20.9% during the third quarter. Stone Ridge Asset Management LLC now owns 8,674 shares of the company’s stock valued at $360,000 after buying an additional 1,498 shares during the period. ING Groep NV increased its position in shares of AutoNation by 37.8% during the third quarter. ING Groep NV now owns 13,292 shares of the company’s stock valued at $552,000 after buying an additional 3,647 shares during the period. SG Americas Securities LLC increased its position in shares of AutoNation by 38.1% during the third quarter. SG Americas Securities LLC now owns 57,158 shares of the company’s stock valued at $2,375,000 after buying an additional 15,758 shares during the period. JPMorgan Chase & Co. increased its position in shares of AutoNation by 33.2% during the third quarter. JPMorgan Chase & Co. now owns 158,720 shares of the company’s stock valued at $6,595,000 after buying an additional 39,526 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of AutoNation during the third quarter valued at about $337,000. 64.31% of the stock is owned by institutional investors.

Several brokerages recently issued reports on AN. Jefferies Financial Group reiterated a “hold” rating and set a $41.00 price target on shares of AutoNation in a research report on Sunday, February 24th. Seaport Global Securities assumed coverage on shares of AutoNation in a report on Wednesday, February 13th. They issued a “neutral” rating and a $38.06 price objective on the stock. Bank of America restated a “buy” rating and issued a $55.00 price objective (down previously from $59.00) on shares of AutoNation in a report on Tuesday, February 26th. Finally, JPMorgan Chase & Co. initiated coverage on shares of AutoNation in a research note on Tuesday, February 19th. They issued an “underweight” rating and a $40.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $41.38.

In other news, Director David B. Edelson sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $33.99, for a total value of $679,800.00. Following the transaction, the director now owns 48,946 shares in the company, valued at $1,663,674.54. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David B. Edelson bought 1,150 shares of the company’s stock in a transaction dated Monday, February 25th. The stock was purchased at an average price of $36.06 per share, for a total transaction of $41,469.00. Following the purchase, the director now owns 37,030 shares of the company’s stock, valued at approximately $1,335,301.80. The disclosure for this purchase can be found here. In the last quarter, insiders sold 23,039 shares of company stock worth $786,143. Insiders own 2.40% of the company’s stock.

Shares of NYSE AN opened at $32.87 on Friday. The company has a market capitalization of $3.01 billion, a PE ratio of 7.32, a PEG ratio of 3.17 and a beta of 1.05. AutoNation, Inc. has a 52-week low of $32.83 and a 52-week high of $51.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.22 and a current ratio of 0.86.

AutoNation (NYSE:AN) last issued its earnings results on Friday, February 22nd. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.63 billion. AutoNation had a return on equity of 15.89% and a net margin of 1.85%. The company’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 EPS. On average, research analysts anticipate that AutoNation, Inc. will post 4.18 earnings per share for the current year.

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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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