Janney Montgomery Scott LLC Purchases 10,115 Shares of AutoNation, Inc. (NYSE:AN)

Janney Montgomery Scott LLC increased its position in shares of AutoNation, Inc. (NYSE:ANFree Report) by 39.9% during the third quarter, HoldingsChannel.com reports. The fund owned 35,464 shares of the company’s stock after acquiring an additional 10,115 shares during the period. Janney Montgomery Scott LLC’s holdings in AutoNation were worth $5,369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC increased its holdings in AutoNation by 0.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,650 shares of the company’s stock worth $1,424,000 after acquiring an additional 64 shares during the period. Lazard Asset Management LLC increased its holdings in shares of AutoNation by 5.2% in the 4th quarter. Lazard Asset Management LLC now owns 1,612 shares of the company’s stock worth $172,000 after buying an additional 79 shares during the last quarter. Range Financial Group LLC increased its holdings in shares of AutoNation by 1.8% in the 3rd quarter. Range Financial Group LLC now owns 4,506 shares of the company’s stock worth $682,000 after buying an additional 80 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of AutoNation by 5.1% in the 2nd quarter. Cetera Investment Advisers now owns 1,729 shares of the company’s stock worth $285,000 after buying an additional 84 shares during the last quarter. Finally, Versor Investments LP increased its holdings in shares of AutoNation by 1.8% in the 2nd quarter. Versor Investments LP now owns 5,056 shares of the company’s stock worth $832,000 after buying an additional 89 shares during the last quarter. Institutional investors own 97.22% of the company’s stock.

Insider Buying and Selling at AutoNation

In other AutoNation news, major shareholder Edward S. Lampert sold 77,284 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $142.58, for a total transaction of $11,019,152.72. Following the completion of the sale, the insider now owns 4,659,161 shares of the company’s stock, valued at approximately $664,303,175.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other AutoNation news, major shareholder Edward S. Lampert sold 77,284 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $142.58, for a total transaction of $11,019,152.72. Following the completion of the sale, the insider now owns 4,659,161 shares of the company’s stock, valued at approximately $664,303,175.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Edward S. Lampert sold 380,497 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $143.12, for a total transaction of $54,456,730.64. Following the sale, the insider now directly owns 4,278,664 shares of the company’s stock, valued at approximately $612,362,391.68. The disclosure for this sale can be found here. Insiders sold 483,186 shares of company stock valued at $69,331,092 in the last quarter. Company insiders own 0.69% of the company’s stock.

AutoNation Price Performance

AN stock opened at $153.88 on Tuesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.25 and a current ratio of 0.83. AutoNation, Inc. has a 52 week low of $120.26 and a 52 week high of $182.08. The firm’s fifty day moving average is $143.63 and its 200 day moving average is $144.90. The firm has a market cap of $6.54 billion, a P/E ratio of 6.59, a P/E/G ratio of 1.17 and a beta of 1.21.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of AutoNation in a report on Monday, October 30th. StockNews.com lowered shares of AutoNation from a “buy” rating to a “hold” rating in a report on Monday, February 5th. JPMorgan Chase & Co. raised shares of AutoNation from an “underweight” rating to a “neutral” rating and set a $145.00 price target on the stock in a report on Tuesday, October 31st. Finally, Evercore ISI began coverage on shares of AutoNation in a report on Wednesday, January 17th. They set an “outperform” rating and a $185.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, AutoNation has a consensus rating of “Hold” and a consensus price target of $175.13.

Check Out Our Latest Report on AN

About AutoNation

(Free Report)

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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