Insider Selling: LAMPERT EDWARD S, AutoNation Inc. [AN] 10% Owner divested 75,756 shares

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. AutoNation Inc. shares valued at $8,369,977 were sold by LAMPERT EDWARD S on Sep 16. At $110.49 per share, LAMPERT EDWARD S sold 75,756 shares. The insider’s holdings dropped to 7,124,726 shares worth approximately $762.27 million following the completion of this transaction.

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Also, LAMPERT EDWARD S sold 36,680 shares, netting a total of over 4,358,846 in proceeds. Following the sale of shares at $118.83 each, the insider now holds 7,200,482 shares.

Before that, LAMPERT EDWARD S had sold 3,200 shares from its account. In a trade valued at $400,011, the 10% Owner traded AutoNation Inc. shares for $125.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,200 shares, worth approximately $774.3 million.

As published in their initiating research note from Argus on August 23, 2022, AutoNation Inc. [AN] has been a Buy and the price target has been revised to $150. This represents a 28.67% premium over Thursday’s closing price. Analysts at Seaport Research Partners upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of April 25, 2022, Truist has increased its “Hold” rating to a “Buy” for AN. Earlier on April 07, 2022, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for AN stock which previously was a “a Neutral”.

Analyzing AN’s Price Performance

On Thursday, AutoNation Inc. [NYSE: AN] plunged -0.51% to $106.99. The stock’s lowest price that day was $106.21, but it reached a high of $109.32 in the same session. During the last five days, there has been a drop of approximately -3.37%. Over the course of the year, AutoNation Inc. shares have dropped approximately -8.44%. Shares of the company reached a 52-week high of $135.57 on 08/16/22 and a 52-week low of $96.56 on 04/07/22. A 50-day SMA is recorded $119.23, while a 200-day SMA reached $114.18. Nevertheless, trading volume fell to 1.12 million shares from 0.89 million shares the previous day.

Support And Resistance Levels for AutoNation Inc. (AN)

According to the 24-hour chart, there is a support level at 105.69, which, if violated, would cause prices to drop to 104.40. In the upper region, resistance lies at 108.80. The next price resistance is at 110.62. RSI (Relative Strength Index) is 30.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.86, which suggests the price will decrease in the coming days. Percent R is at 95.88%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is AutoNation Inc. subject to short interest?

Stocks of AutoNation Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 80000.0 shares to 6.96 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.88 million shares. A jump of 1.15% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 10.21 of the overall float, the days-to-cover ratio (short ratio) jumped to 10.21.

Which companies own the most shares of AutoNation Inc. (AN)?

According to The Vanguard Group, Inc. filings, the company currently owns 4,565,004 shares, which is about 8.15% of the total AN shares outstanding. The investor’s shares have plunged by -194,136 from its previous 13-F filing of 4759140.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $370,169,779. Dimensional Fund Advisors LP reduced a -9.10% interest valued at $333.37 million while Artisan Partners LP sold a -412,872 stake. A total of -93,359 shares of AutoNation Inc. were sold by SSgA Funds Management, Inc. during the quarter, and -265,104 were sold by Goldman Sachs Asset Management LP. In its current portfolio, AQR Capital Management LLC holds 1,008,532 shares valued at $125.66 million.


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