In today’s session AutoNation, Inc. (AN) registered an unusually high (314) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious AN increase. With 314 contracts traded and 3964 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: AN161118C00046000 closed last at: $0.5 or 33.3% down. About 723,911 shares traded hands. AutoNation, Inc. (NYSE:AN) has declined 7.99% since March 31, 2016 and is downtrending. It has underperformed by 10.51% the S&P500.
AutoNation, Inc. (NYSE:AN) Ratings Coverage
Out of 11 analysts covering AutoNation (NYSE:AN), 5 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 45% are positive. AutoNation has been the topic of 14 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Monday, October 31, the company rating was downgraded by Bank of America. Wolfe Research initiated the shares of AN in a report on Wednesday, August 31 with “Peer Perform” rating. As per Tuesday, July 28, the company rating was upgraded by Sterne Agee CRT. On Thursday, October 29 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The rating was initiated by Jefferies on Monday, April 11 with “Hold”. The firm earned “Neutral” rating on Thursday, October 6 by Goldman Sachs. The stock has “Buy” rating given by Gabelli on Thursday, October 29. The stock of AutoNation, Inc. (NYSE:AN) earned “Buy” rating by CL King on Thursday, September 8. The firm has “Neutral” rating by Seaport Global given on Tuesday, August 9. The firm has “Sell” rating by Goldman Sachs given on Tuesday, March 8.
According to Zacks Investment Research, “AutoNation, Inc. is the one of the largest automotive retailers in the United States. The company owns and operates new vehicle franchises from dealership locations in major metropolitan markets in numerous states, predominantly in the Sunbelt states. Its business consists primarily of the sale, financing and servicing of new and used vehicles. The company also provides other related services and products, such as the sale of parts and accessories, extended service contracts, aftermarket automotive products and collision repair services.”
Insitutional Activity: The institutional sentiment decreased to 0.61 in Q2 2016. Its down 0.17, from 0.78 in 2016Q1. The ratio dived, as 65 funds sold all AutoNation, Inc. shares owned while 107 reduced positions. 21 funds bought stakes while 84 increased positions. They now own 69.13 million shares or 1.16% more from 68.34 million shares in 2016Q1.
Baxter Bros, a Connecticut-based fund reported 6,060 shares. M&T Natl Bank last reported 57,410 shares in the company. The New York-based Metropolitan Life Ny has invested 0.01% in AutoNation, Inc. (NYSE:AN). Moreover, Liberty Mutual Grp Inc Asset Inc has 0.01% invested in AutoNation, Inc. (NYSE:AN) for 4,522 shares. Chevy Chase Holdings last reported 0.02% of its portfolio in the stock. Comerica National Bank last reported 43,900 shares in the company. Henderson Grp Pcl holds 0% of its portfolio in AutoNation, Inc. (NYSE:AN) for 4,172 shares. Teachers Advisors Inc holds 71,433 shares or 0.01% of its portfolio. Globeflex Capital Lp, a California-based fund reported 6,686 shares. The Germany-based Deutsche Financial Bank Ag has invested 0.01% in AutoNation, Inc. (NYSE:AN). Swiss Savings Bank owns 210,300 shares or 0.02% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 7,693 shares for 0% of their US portfolio. Euclid Advsr Ltd Liability Corporation accumulated 0.04% or 19,327 shares. Midwest Mgmt Lc has 2.96% invested in the company for 77,455 shares. Barclays Pcl holds 0% or 39,237 shares in its portfolio.
Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 3 insider sales for $2.09 million net activity. FERRANDO JONATHAN P sold $1.01M worth of AutoNation, Inc. (NYSE:AN) on Tuesday, May 31. The insider BERMAN WILLIAM R sold $74,790.
AutoNation, Inc. is an automotive retailer in the United States. The company has a market cap of $4.19 billion. The Firm offers a range of automotive services and products, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. It has a 10.85 P/E ratio. It operates through three divisions, including Domestic, Import and Premium Luxury.
AN Company Profile
AutoNation, Inc., incorporated on May 30, 1991, is an automotive retailer in the United States. The Firm offers a range of automotive services and products, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, which includes vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. It operates through three divisions, including Domestic, Import and Premium Luxury. The Firm owns and operates approximately 370 new vehicle franchises from over 260 stores located in the United States, predominantly in metropolitan markets in the Sunbelt region. It markets and sells approximately 35 different new vehicle brands, including Toyota (including Lexus), Ford, Honda, Nissan, General Motors, Mercedes-Benz, FCA US (formerly Chrysler), BMW and Volkswagen (including Audi and Porsche). The Company’s facilities are located in various locations, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Maryland, Minnesota, Nevada, Ohio, Tennessee, Texas, Virginia and Washington.
More news for AutoNation, Inc. (NYSE:AN) were recently published by: Investorplace.com, which released: “Why AutoNation, Inc. (AN) Stock Is Down Today” on October 28, 2016. Prnewswire.com‘s article titled: “AutoNation Dealerships Take 7 Spots in Automotive News’ “100 Best Dealerships …” and published on October 19, 2016 is yet another important article.
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