Silverlake Wealth Management LLC Sells 1,743 Shares of AutoNation, Inc. (NYSE:AN)

Silverlake Wealth Management LLC trimmed its holdings in AutoNation, Inc. (NYSE:ANFree Report) by 51.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,662 shares of the company’s stock after selling 1,743 shares during the quarter. Silverlake Wealth Management LLC’s holdings in AutoNation were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Realta Investment Advisors increased its stake in shares of AutoNation by 5.4% in the 4th quarter. Realta Investment Advisors now owns 1,410 shares of the company’s stock worth $212,000 after acquiring an additional 72 shares in the last quarter. Lazard Asset Management LLC increased its stake 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 acquiring an additional 79 shares in the last quarter. Range Financial Group LLC increased its stake 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 acquiring an additional 80 shares in the last quarter. Meritage Portfolio Management increased its stake in shares of AutoNation by 5.6% in the 3rd quarter. Meritage Portfolio Management now owns 1,882 shares of the company’s stock worth $285,000 after acquiring an additional 99 shares in the last quarter. Finally, Quent Capital LLC increased its stake in shares of AutoNation by 1.6% in the 4th quarter. Quent Capital LLC now owns 6,583 shares of the company’s stock worth $989,000 after acquiring an additional 101 shares in the last quarter. 94.62% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Edward S. Lampert sold 380,497 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $143.12, for a total value of $54,456,730.64. Following the sale, the insider now owns 4,278,664 shares in the company, valued at $612,362,391.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Kimberly Dees sold 3,133 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $152.28, for a total value of $477,093.24. Following the sale, the chief accounting officer now owns 464 shares of the company’s stock, valued at $70,657.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 completion of the sale, the insider now directly owns 4,278,664 shares in the company, valued at approximately $612,362,391.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 579,060 shares of company stock worth $84,837,845. Insiders own 0.74% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AN. Wells Fargo & Company raised their price objective on shares of AutoNation from $144.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 14th. Evercore ISI started coverage on shares of AutoNation in a report on Wednesday, January 17th. They set an “outperform” rating and a $185.00 price target on the stock. StockNews.com downgraded shares of AutoNation from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Morgan Stanley raised shares of AutoNation from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $117.00 to $140.00 in a report on Thursday, February 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $178.00.

View Our Latest Report on AN

AutoNation Price Performance

Shares of AutoNation stock traded down $4.50 on Tuesday, hitting $160.26. 83,458 shares of the company traded hands, compared to its average volume of 428,266. The stock has a market capitalization of $6.68 billion, a P/E ratio of 7.27, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.23 and a current ratio of 0.77. AutoNation, Inc. has a 52 week low of $123.81 and a 52 week high of $182.08. The business has a 50-day simple moving average of $149.33 and a 200 day simple moving average of $143.61.

AutoNation (NYSE:ANGet Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $5.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.85 by $0.17. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.67 billion. AutoNation had a net margin of 3.79% and a return on equity of 48.76%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $6.37 earnings per share. Research analysts expect that AutoNation, Inc. will post 19.05 earnings per share for the current fiscal year.

AutoNation Company Profile

(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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