IVC Wealth Advisors LLC Sells 475 Shares of AutoNation, Inc. (NYSE:AN)

IVC Wealth Advisors LLC lowered its position in AutoNation, Inc. (NYSE:AN) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,582 shares of the company’s stock after selling 475 shares during the quarter. AutoNation comprises approximately 0.9% of IVC Wealth Advisors LLC’s portfolio, making the stock its 23rd largest holding. IVC Wealth Advisors LLC’s holdings in AutoNation were worth $1,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its stake in AutoNation by 54.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 51,743 shares of the company’s stock worth $8,568,000 after buying an additional 18,157 shares in the last quarter. Mutual Advisors LLC bought a new position in AutoNation in the first quarter valued at $1,484,000. Diversified Trust Co purchased a new stake in AutoNation during the second quarter valued at about $838,000. BOKF NA lifted its stake in AutoNation by 39.1% during the first quarter. BOKF NA now owns 53,461 shares of the company’s stock worth $8,808,000 after purchasing an additional 15,015 shares during the last quarter. Finally, Caxton Associates LP purchased a new position in shares of AutoNation in the 1st quarter worth about $1,083,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Insider Buying and Selling at AutoNation

In related news, major shareholder Edward S. Lampert sold 500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $182.06, for a total value of $91,030.00. Following the completion of the transaction, the insider now owns 3,825,338 shares of the company’s stock, valued at approximately $696,441,036.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other AutoNation news, major shareholder Edward S. Lampert sold 500 shares of AutoNation stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $182.06, for a total transaction of $91,030.00. Following the completion of the transaction, the insider now directly owns 3,825,338 shares of the company’s stock, valued at $696,441,036.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Edward S. Lampert sold 53,562 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $193.45, for a total value of $10,361,568.90. Following the completion of the sale, the insider now owns 3,825,838 shares in the company, valued at approximately $740,108,361.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,256 shares of company stock valued at $17,641,954. Company insiders own 0.74% of the company’s stock.

AutoNation Stock Performance

NYSE:AN opened at $155.83 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.78 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 firm’s fifty day simple moving average is $170.48 and its 200 day simple moving average is $167.85. The stock has a market cap of $6.27 billion, a P/E ratio of 7.39, a price-to-earnings-growth ratio of 3.25 and a beta of 1.19.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Friday, October 25th. The company reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.48 by ($0.46). The business had revenue of $6.59 billion during the quarter, compared to analysts’ expectations of $6.73 billion. AutoNation had a return on equity of 36.50% and a net margin of 2.93%. As a group, research analysts predict that AutoNation, Inc. will post 17.49 EPS for the current year.

Analyst Upgrades and Downgrades

AN has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on AutoNation from $160.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Bank of America cut their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Wells Fargo & Company decreased their target price on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. Finally, Stephens began coverage on AutoNation in a report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price objective on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $200.38.

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.