The EC of AutoNation is Exercising Options

By Carrie Williams

Today it was reported that the EC of AutoNation (ANResearch Report), Michael J. Jackson, exercised options to sell 37,104 AN shares at $26.49 a share, for a total transaction value of $1.56M.

Following Michael J. Jackson’s last AN Sell transaction on November 05, 2018, the stock climbed by 1.8%. In addition to Michael J. Jackson, one other AN executive reported Sell trades in the last month.

See today’s analyst top recommended stocks >>

AN’s market cap is $3.73B and the company has a P/E ratio of 9.50. Currently, AutoNation has an average volume of 759.8K.

Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $35.00, reflecting a -15.1% downside.

In the last 30 days, insiders have sold $1.56M worth of AN shares and purchased $100.3K worth of AN shares. The insider sentiment on AutoNation has been neutral according to 37 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.