Kendall Capital Management Sells 410 Shares of AutoNation, Inc. (NYSE:AN)

Kendall Capital Management lowered its position in AutoNation, Inc. (NYSE:AN) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,075 shares of the company’s stock after selling 410 shares during the period. Kendall Capital Management’s holdings in AutoNation were worth $1,606,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Garner Asset Management Corp boosted its holdings in AutoNation by 5.0% in the 2nd quarter. Garner Asset Management Corp now owns 18,242 shares of the company’s stock worth $2,907,000 after buying an additional 872 shares during the period. Hsbc Holdings PLC boosted its holdings in AutoNation by 50.2% in the 2nd quarter. Hsbc Holdings PLC now owns 12,688 shares of the company’s stock worth $2,017,000 after buying an additional 4,242 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in AutoNation by 13.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,779 shares of the company’s stock worth $1,543,000 after buying an additional 1,192 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in AutoNation by 3.3% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 32,375 shares of the company’s stock worth $5,160,000 after buying an additional 1,043 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in AutoNation in the 2nd quarter worth $1,041,000. Institutional investors own 94.62% of the company’s stock.

Analysts Set New Price Targets

AN has been the topic of several research analyst reports. Bank of America boosted their price target on shares of AutoNation from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of AutoNation from $160.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Evercore ISI boosted their price target on shares of AutoNation from $200.00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, June 10th. Wells Fargo & Company boosted their price target on shares of AutoNation from $164.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, Stephens initiated coverage on shares of AutoNation in a research note on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $194.25.

Insider Activity at AutoNation

In other AutoNation news, major shareholder Edward S. Lampert sold 23,703 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $172.29, for a total value of $4,083,789.87. Following the transaction, the insider now directly owns 3,980,467 shares in the company, valued at approximately $685,794,659.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other AutoNation news, major shareholder Edward S. Lampert sold 23,703 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $172.29, for a total value of $4,083,789.87. Following the transaction, the insider now directly owns 3,980,467 shares in the company, valued at approximately $685,794,659.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Edward S. Lampert sold 100,000 shares of the company’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 completion of the transaction, the insider now owns 3,880,467 shares in the company, valued at $683,777,090.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 216,959 shares of company stock worth $39,346,744. Insiders own 0.74% of the company’s stock.

AutoNation Stock Performance

Shares of NYSE:AN opened at $170.84 on Thursday. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 3.20 and a beta of 1.20. AutoNation, Inc. has a 12 month low of $123.81 and a 12 month high of $197.18. The firm’s 50-day moving average is $172.63 and its 200 day moving average is $165.42. 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 (NYSE:AN) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $3.99 EPS for the quarter, missing the consensus estimate of $4.31 by ($0.32). The firm had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.72 billion. AutoNation had a net margin of 2.93% and a return on equity of 36.50%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.29 earnings per share. Research analysts predict that AutoNation, Inc. will post 17.67 EPS for the current 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.