Today’s Shorts Alert: Time to Reconsider Autonation Incorporated (NYSE:AN) After Less Short Sellers?

November 24, 2016 - By Peter Erickson   ·   0 Comments

Today's Shorts Alert: Time to Reconsider Autonation Incorporated (NYSE:AN) After Less Short Sellers?

The stock of Autonation Incorporated (NYSE:AN) registered a decrease of 3.15% in short interest. AN’s total short interest was 6.83M shares in November as published by FINRA. Its down 3.15% from 7.06 million shares, reported previously. With 910,500 shares average volume, it will take short sellers 8 days to cover their AN’s short positions. The short interest to Autonation Incorporated’s float is 10.38%. The stock increased 0.29% or $0.13 on November 23, hitting $44.92. About 579,260 shares traded hands. AutoNation, Inc. (NYSE:AN) has declined 9.23% since April 22, 2016 and is downtrending. It has underperformed by 14.64% the S&P500.

AutoNation, Inc. is an automotive retailer in the United States. The company has a market cap of $4.51 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 11.51 P/E ratio. It operates through three divisions, including Domestic, Import and Premium Luxury.

Insitutional Activity: The institutional sentiment increased to 0.89 in 2016 Q2. Its up 0.28, from 0.61 in 2016Q1. The ratio is positive, 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.
Moreover, Smith Graham And Communication Inv Limited Partnership has 0.44% invested in AutoNation, Inc. (NYSE:AN) for 67,398 shares. Moreover, Natixis Asset Mngmt has 0.16% invested in AutoNation, Inc. (NYSE:AN) for 30,947 shares. Regions holds 0.02% or 31,413 shares in its portfolio. Gideon Cap Advisors has invested 0.24% of its portfolio in AutoNation, Inc. (NYSE:AN). New Mexico Educational Retirement Board reported 8,719 shares or 0.02% of all its holdings. Loring Wolcott & Coolidge Fiduciary Llp Ma reported 150 shares or 0% of all its holdings. California State Teachers Retirement Sys accumulated 139,983 shares or 0.01% of the stock. Advantus Management has 6,777 shares for 0.01% of their US portfolio. First Advisors L P holds 0.01% of its portfolio in AutoNation, Inc. (NYSE:AN) for 48,903 shares. State Of Tennessee Treasury Department last reported 16,474 shares in the company. The New York-based Gotham Asset Mngmt Limited Liability Corporation has invested 0.32% in AutoNation, Inc. (NYSE:AN). Midwest Invest Management Ltd Liability Corporation accumulated 2.96% or 77,455 shares. Invesco Ltd holds 295,538 shares or 0.01% of its portfolio. Soros Fund Management Ltd Limited Liability Company reported 13,200 shares or 0.01% of all its holdings. Moreover, Lpl Lc has 0% invested in AutoNation, Inc. (NYSE:AN) for 7,869 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 3 sales for $2.09 million net activity. BERMAN WILLIAM R sold $74,790 worth of AutoNation, Inc. (NYSE:AN) on Wednesday, June 8. $1.01M worth of AutoNation, Inc. (NYSE:AN) was sold by FERRANDO JONATHAN P.

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. On Thursday, October 29 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The rating was upgraded by Gabelli to “Buy” on Thursday, October 29. The stock of AutoNation, Inc. (NYSE:AN) earned “Neutral” rating by Bank of America on Monday, October 31. CL King initiated AutoNation, Inc. (NYSE:AN) on Thursday, September 8 with “Buy” rating. The company was upgraded on Tuesday, July 28 by Sterne Agee CRT. The firm has “Hold” rating given on Monday, April 11 by Jefferies. The stock of AutoNation, Inc. (NYSE:AN) has “Sell” rating given on Tuesday, March 8 by Goldman Sachs. Seaport Global initiated the stock with “Neutral” rating in Tuesday, August 9 report. The stock of AutoNation, Inc. (NYSE:AN) earned “Neutral” rating by Goldman Sachs on Thursday, October 6. The company was initiated on Wednesday, August 31 by Wolfe Research.

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: Fool.com, which released: “Despite Peaking New-Vehicle Sales in the US, AutoNation, Inc.’s Expansion …” on November 02, 2016. Investorplace.com‘s article titled: “Why AutoNation, Inc. (AN) Stock Is Down Today” and published on October 28, 2016 is yet another important article.

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By Peter Erickson


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