Today it was reported that the COB, CEO & Pres of AutoNation (NYSE: AN), Michael J. Jackson, exercised options to sell 37,104 AN shares at $18.20 a share, for a total transaction value of $1.73M.
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Based on AutoNation’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $5.39 billion and quarterly net profit of $97.6 million. In comparison, last year the company earned revenue of $5.28 billion and had a net profit of $87.7 million. AN’s market cap is $4.29B and the company has a P/E ratio of 10.13. Currently, AutoNation has an average volume of 569.7K.
Six different firms, including Deutsche Bank and Goldman Sachs, currently also have a Sell rating on the stock.
The insider sentiment on AutoNation has been negative according to 37 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Michael J. Jackson’s trades have generated a -1.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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AutoNation, Inc. engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury, and Corporate and Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors, Ford, and Chrysler.
