Point72 Asia Singapore Pte. Ltd. Takes Position in AutoNation, Inc. (NYSE:AN)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,170 shares of the company's stock, valued at approximately $983,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AN. Jones Financial Companies Lllp bought a new stake in AutoNation during the fourth quarter worth $30,000. GAMMA Investing LLC grew its stake in shares of AutoNation by 90.6% in the 2nd quarter. GAMMA Investing LLC now owns 202 shares of the company's stock worth $32,000 after acquiring an additional 96 shares in the last quarter. Riverview Trust Co bought a new position in shares of AutoNation during the first quarter valued at about $33,000. Ashton Thomas Private Wealth LLC purchased a new position in AutoNation during the second quarter worth about $37,000. Finally, Denali Advisors LLC grew its position in AutoNation by 79.7% in the 1st quarter. Denali Advisors LLC now owns 248 shares of the company's stock worth $41,000 after purchasing an additional 110 shares in the last quarter. 94.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AN has been the subject of a number of research analyst reports. Evercore ISI increased their price target on AutoNation from $200.00 to $220.00 and gave the company an "outperform" rating in a research report on Monday, June 10th. JPMorgan Chase & Co. raised their target price on AutoNation from $160.00 to $190.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Stephens started coverage on AutoNation in a research report on Thursday, September 12th. They set an "overweight" rating and a $210.00 target price for the company. Wells Fargo & Company raised their target price on AutoNation from $164.00 to $187.00 and gave the company an "equal weight" rating in a research report on Thursday, August 1st. Finally, Morgan Stanley raised AutoNation from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $145.00 to $200.00 in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $201.75.

AutoNation Stock Performance

Shares of AN stock traded down $3.60 on Wednesday, hitting $174.90. 435,333 shares of the stock were exchanged, compared to its average volume of 413,260. The company has a current ratio of 0.78, a quick ratio of 0.21 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $6.94 billion, a PE ratio of 8.46, a P/E/G ratio of 3.51 and a beta of 1.20. AutoNation, Inc. has a one year low of $123.81 and a one year high of $197.18. The firm's 50 day moving average is $172.87 and its two-hundred day moving average is $166.38.

AutoNation (NYSE:AN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $3.99 earnings per share 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 return on equity of 36.50% and a net margin of 2.93%. The firm's revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.29 EPS. Sell-side analysts expect that AutoNation, Inc. will post 17.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AutoNation news, major shareholder Edward S. Lampert sold 23,703 shares of the firm's stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $172.29, for a total value of $4,083,789.87. Following the completion of the transaction, the insider now owns 3,980,467 shares in the company, valued at approximately $685,794,659.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Edward S. Lampert sold 100,000 shares of AutoNation 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 sale, the insider now owns 3,880,467 shares in the company, valued at approximately $683,777,090.07. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Edward S. Lampert sold 23,703 shares of AutoNation 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 sale, the insider now owns 3,980,467 shares of the company's stock, valued at approximately $685,794,659.43. The disclosure for this sale can be found here. Insiders sold a total of 216,959 shares of company stock worth $39,346,744 in the last quarter. 0.74% of the stock is owned by company insiders.

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.