The COB, CEO & Pres of AutoNation is Exercising Options


Today, the COB, CEO & Pres of AutoNation, Michael J. Jackson, exercised options of AutoNation (NYSE: AN) for $1.63M.

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Based on AutoNation’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $5.26 billion and quarterly net profit of $93.7 million. In comparison, last year the company earned revenue of $5.14 billion and had a net profit of $98.1 million. AN’s market cap is $4.52B and the company has a P/E ratio of 11.14. Currently, AutoNation has an average volume of 703.3K.

Five different firms, including Deutsche Bank and Goldman Sachs, currently also have a Sell rating on the stock. Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $53.00, reflecting a -5.2% downside.

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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.

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