Amundi Pioneer Asset Management Inc. Invests $5.22 Million in AutoNation, Inc. (AN) Stock

Amundi Pioneer Asset Management Inc. purchased a new position in shares of AutoNation, Inc. (NYSE:AN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 101,605 shares of the company’s stock, valued at approximately $5,215,000. Amundi Pioneer Asset Management Inc. owned 0.11% of AutoNation at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in AutoNation during the 4th quarter worth $195,000. Sheaff Brock Investment Advisors LLC purchased a new stake in AutoNation during the 3rd quarter worth $212,000. Wright Investors Service Inc. purchased a new stake in AutoNation during the 4th quarter worth $272,000. DekaBank Deutsche Girozentrale boosted its position in AutoNation by 22.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,918 shares of the company’s stock worth $263,000 after purchasing an additional 1,092 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new stake in AutoNation during the 3rd quarter worth $299,000. 69.22% of the stock is owned by hedge funds and other institutional investors.

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AN has been the subject of a number of analyst reports. ValuEngine cut shares of AutoNation from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Jefferies Group reissued a “hold” rating and issued a $60.00 price objective on shares of AutoNation in a research report on Friday, February 2nd. Bank of America reissued a “hold” rating and issued a $65.00 price objective on shares of AutoNation in a research report on Thursday, February 1st. Finally, Morgan Stanley upped their price objective on shares of AutoNation from $49.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $50.78.

In other news, Director Robert R. Grusky sold 5,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the director now owns 37,677 shares of the company’s stock, valued at $2,260,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.

Shares of AN stock traded down $0.06 during trading hours on Thursday, hitting $46.53. 573,434 shares of the company were exchanged, compared to its average volume of 925,609. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.25 and a current ratio of 0.85. AutoNation, Inc. has a one year low of $38.20 and a one year high of $62.02. The stock has a market capitalization of $4,369.02, a price-to-earnings ratio of 12.21, a PEG ratio of 1.14 and a beta of 1.40.

AutoNation (NYSE:AN) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.92 by $0.10. AutoNation had a net margin of 2.02% and a return on equity of 16.24%. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter last year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. research analysts forecast that AutoNation, Inc. will post 4.9 EPS for the current year.

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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.

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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