Edward Lampert Further Trimms Stake in AutoNation, Inc. (AN)

Edward Lampert and ESL Investments have sold some more shares of AutoNation, Inc. (NYSE:AN). According to SEC filings, ESL has reduced its holding in the company down to some 30.5 million shares, via selling around 517,900 units of common stock. The securities have been disposed in 10 transactions, with a total value of close to $26 million.

ESL INVESTMENTS

In addition to ESL, AutoNation, Inc. (NYSE:AN) saw activity by Murray Stahl’s Horizon Asset Management to the tune of 6 million shares valued at $317,057. Other activities which have increased their stake in AutoNation, Inc. (NYSE:AN) is Daniel. S. Och‘s Oz Management of 3.3 million  shares valued at $171,219. James Crichton and Adam Weiss’ Scout Capital Management too has seen action of 2,200,000 shares valued at $114,774. Interestingly, Micheal Larson’s Bill & Melinda Gates Foundation Trust had 1.9 million shares valued at $99.056, but has not been active since.

In November, AutoNation, Inc. (NYSE:AN) had a very successful sales month, showing a 13% increase in its year-over-year comparison on new vehicle sales. Noticeably, the auto retailer notched good sales in all its segments, like same-store sales of 24,320 units; Domestic segment sales of 7,409. Interestingly, Auto Nation was in direct competition with Ford Motors, Chrysler and major names in this division. In the imported vehicle segment, AutoNation recorded good sales at 12,316 vehicles. In the premium Luxury section, AutoNation had a good run with 5,909 vehicles being sold.

Edward Lampert is one of the major shareholders in AutoNation, Inc. (NYSE:AN), one of the largest auto retailers in the US.  The company has a market capital of $6.1 billion, a P/E ratio of 17.80, and a return of 27.6% since the beginning of the year.

Disclosure: none

Recommended Reading:

Carl Icahn Adds To Stake in Nuance Communications Inc. (NUAN)

Bill Gates’ Cascade Investment Buys Some Deere & Company (DE) Shares

Steven Cohen Also Boosts Stake in Trulia Inc (TRLA); Now Holds 5.2%

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!