Mutual of America Capital Management LLC Sells 1,389 Shares of AutoNation, Inc. (NYSE:AN)

Mutual of America Capital Management LLC trimmed its holdings in shares of AutoNation, Inc. (NYSE:AN) by 9.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,065 shares of the company’s stock after selling 1,389 shares during the period. Mutual of America Capital Management LLC’s holdings in AutoNation were worth $2,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Edgestream Partners L.P. bought a new position in AutoNation during the 2nd quarter worth about $1,041,000. Dimensional Fund Advisors LP grew its holdings in AutoNation by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,605,708 shares of the company’s stock worth $255,910,000 after acquiring an additional 41,712 shares in the last quarter. WINTON GROUP Ltd bought a new position in AutoNation during the 2nd quarter worth about $15,832,000. Envestnet Asset Management Inc. grew its holdings in AutoNation by 25.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,489 shares of the company’s stock worth $4,700,000 after acquiring an additional 5,917 shares in the last quarter. Finally, Mitchell Sinkler & Starr PA grew its holdings in AutoNation by 60.7% during the 2nd quarter. Mitchell Sinkler & Starr PA now owns 2,038 shares of the company’s stock worth $359,000 after acquiring an additional 770 shares in the last quarter. 94.62% of the stock is currently owned by institutional investors.

AutoNation Price Performance

Shares of NYSE:AN opened at $178.50 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.21 and a debt-to-equity ratio of 1.65. AutoNation, Inc. has a twelve month low of $123.81 and a twelve month high of $197.18. The company’s 50 day moving average is $172.87 and its 200 day moving average is $166.38. The company has a market cap of $7.19 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 3.32 and a beta of 1.20.

AutoNation (NYSE:AN) last issued its earnings results on Wednesday, July 31st. The company reported $3.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.31 by ($0.32). The business had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $6.72 billion. AutoNation had a return on equity of 36.50% and a net margin of 2.93%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the business earned $6.29 EPS. On average, sell-side analysts forecast that AutoNation, Inc. will post 17.67 EPS for the current year.

Insider Transactions at AutoNation

In related news, major shareholder Edward S. Lampert sold 100,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $176.21, for a total transaction of $17,621,000.00. Following the sale, the insider now directly owns 3,880,467 shares of the company’s stock, valued at $683,777,090.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Edward S. Lampert sold 100,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $176.21, for a total transaction of $17,621,000.00. Following the sale, the insider now directly owns 3,880,467 shares of the company’s stock, valued at $683,777,090.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Edward S. Lampert sold 39,194 shares of the firm’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 disclosure for this sale can be found here. Insiders have sold 216,959 shares of company stock worth $39,346,744 over the last quarter. 0.74% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AN shares. Stephens started coverage on shares of AutoNation in a report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price target on the stock. Wells Fargo & Company raised their price target on shares of AutoNation from $164.00 to $187.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on shares of AutoNation from $160.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Bank of America raised their price target on shares of AutoNation from $210.00 to $220.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Finally, Evercore ISI raised their price target on shares of AutoNation from $200.00 to $220.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, AutoNation currently has an average rating of “Moderate Buy” and a consensus target price of $194.25.

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.