What’s Next for AutoNation, Inc. After Today’s Bullish Options Activity?

 What's Next for AutoNation, Inc. After Today's Bullish Options Activity?

In today’s session AutoNation, Inc. (AN) registered an unusually high (100) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious AN increase. With 100 contracts traded and 1194 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: AN161216C00046000 closed last at: $0.85 or 22.7% down. About 189,001 shares traded hands. AutoNation, Inc. (NYSE:AN) has declined 8.07% since April 18, 2016 and is downtrending. It has underperformed by 12.50% 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. The stock of AutoNation, Inc. (NYSE:AN) earned “Buy” rating by Gabelli on Thursday, October 29. Goldman Sachs downgraded AutoNation, Inc. (NYSE:AN) rating on Tuesday, March 8. Goldman Sachs has “Sell” rating and $49 price target. The firm has “Neutral” rating by Goldman Sachs given on Thursday, October 6. Seaport Global initiated the stock with “Neutral” rating in Tuesday, August 9 report. As per Thursday, October 29, the company rating was upgraded by Stifel Nicolaus. On Monday, October 31 the stock rating was downgraded by Bank of America to “Neutral”. The firm has “Hold” rating by Jefferies given on Monday, April 11. The rating was initiated by Wolfe Research with “Peer Perform” on Wednesday, August 31. The firm has “Buy” rating by Sterne Agee CRT given on Tuesday, July 28. On Thursday, September 8 the stock rating was initiated by CL King with “Buy”.

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 increased to 0.89 in Q2 2016. Its up 0.28, from 0.61 in 2016Q1. The ratio increased, 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.
The New York-based Qs Investors Limited Company has invested 0% in AutoNation, Inc. (NYSE:AN). Blackrock Gru Limited owns 573,707 shares or 0.01% of their US portfolio. Guggenheim Capital Lc holds 811,914 shares or 0.12% of its portfolio. Ibm Retirement Fund has 6,570 shares for 0.01% of their US portfolio. Mariner Wealth Advsrs Ltd Liability Corp has 76,284 shares for 0.19% of their US portfolio. Wexford L P holds 1.2% of its portfolio in AutoNation, Inc. (NYSE:AN) for 146,356 shares. The California-based Lpl Lc has invested 0% in AutoNation, Inc. (NYSE:AN). Amp Capital Investors Ltd holds 18,364 shares or 0.01% of its portfolio. D E Shaw & Co holds 0.02% or 203,663 shares in its portfolio. Proshare Advsr Limited Com has invested 0.02% of its portfolio in AutoNation, Inc. (NYSE:AN). Bluecrest Cap Mgmt Limited holds 0.07% of its portfolio in AutoNation, Inc. (NYSE:AN) for 37,098 shares. The Alabama-based Regions Finance Corporation has invested 0.02% in AutoNation, Inc. (NYSE:AN). The Pennsylvania-based Susquehanna Group Limited Liability Partnership has invested 0% in AutoNation, Inc. (NYSE:AN). Grantham Mayo Van Otterloo & Com Ltd Liability Com owns 167,656 shares or 0.03% of their US portfolio. Paloma holds 43,784 shares or 0.02% of its portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 buys, and 3 selling transactions for $2.09 million net activity. 1,473 shares with value of $74,790 were sold by BERMAN WILLIAM R on Wednesday, June 8. 20,000 shares were sold by FERRANDO JONATHAN P, worth $1.01M on Tuesday, June 7.

AutoNation, Inc. is an automotive retailer in the United States. The company has a market cap of $4.46 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 11.3 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 important recent AutoNation, Inc. (NYSE:AN) news were published by: Blogs.Wsj.com which released: “Tom Conophy Joins AutoNation As Chief Technology Officer” on November 17, 2016, also Fool.com published article titled: “Despite Peaking New-Vehicle Sales in the US, AutoNation, Inc.’s Expansion …”, Investorplace.com published: “Why AutoNation, Inc. (AN) Stock Is Down Today” on October 28, 2016. More interesting news about AutoNation, Inc. (NYSE:AN) was released by: Prnewswire.com and their article: “AutoNation Announces New Chief Technology Officer” with publication date: October 21, 2016.

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