A man of many hats and top investor Guru Edward "Eddie" Lampert
also manages his firm ESL Investments. His third quarter portfolio
lists 4 stocks at a total value of $2.99 billion, down almost a
billion since April 2013. His quarter-over-quarter turnover is 0%.
Also the Sears Holdings Corporation CEO, Lampert spent a good deal
of his 2013 trading time methodically reducing his involvement in
the Sears spinoff, Orchard Supply Hardware, from over a million
shares in the first quarter of 2013 to 158,399 shares as of May 29,
Spun off from Sears in December 2011 and acquired by Lowe's in
September 2013 for $205 million, Orchard Supply Hardware stores
have operated as a neighborhood home improvement, hardware and
garden supplier, dating back to the Dust Bowl Era.
Lowe's Companies Inc. (
) is up 52% over 12 months. Sears Holdings Corporation (
) is down 10% over 12 months.
With the Orchard Supply situation behind him,
's reductions in the second and third quarters have focused on
systematically reducing his long-time AutoNation Inc. (
) holding. Since the beginning of the third quarter, Lampert has
reduced his AN position five times. In his latest trade, as of Oct.
slightly reduced his position by 0.02%, selling shares in the
average price range of $48.00 per share. The current share price is
$48.12, with a change from average at 0%. See GuruFocus
Real Time Picks
for more trade details.
Lampert's five-year AutoNation history shows a phenomenal gain of
292% on 13,097,719 shares bought at an average price of $12.26 per
share. He also gained 39% selling 59,453,152 shares at an average
price of $34.65 per share.
more gurus holding AN
, including Paul Tudor Jones who made a new buy of 11,700 shares in
the second quarter of 2013. He paid an average price of $44.63 per
share and made a gain of 8.2%.
Here's a third quarter update on AutoNation Inc. with very active
AutoNation Inc. (
Predictability: 1 out of 5 Stars
Up 9% over 12 months, AutoNation Inc. has a market cap of $5.86
billion; its shares were traded at around $48.20 with a P/E ratio
of 17.70. The company does not pay a dividend.
Incorporated in 1991, AutoNation Inc. is an automotive retailer in
the US. The company owns and operates 265 new vehicle franchises
from 221 stores located in the United States, as of December 31,
2012. AutoNation Inc. offers a range of automotive products and
services, including new vehicles, used vehicles, parts and
automotive services, and automotive finance and insurance products.
The company also arranges financing for vehicle purchases through
third-party finance sources.
The company reported financial results for the third quarter of
2013 with a 14% year-over-year increase in revenue at $4.5 billion.
Operating income was reported at $187 million, also up 14% compared
to the third quarter of 2012. AutoNation reported net income for
the third quarter of 2013 at $93 million, up from $82 million in
the same quarter a year ago. Earnings of $0.75 per share were also
up 14% over $0.66 per share in the third quarter of 2012.
The company's total vehicle sales have also increased by 14% over
the same quarter of 2012, and the nation's largest automotive
retailer plans to buy a Honda store and a Hyundai store in Chicago,
Illinois, set for completion in the last quarter of 2013, bringing
in additional annual revenue of $85 million.
AutoNation's chairman and CEO Mike Jackson, commented in a company
press release, "We delivered double-digit growth in EPS and
operating income in the third quarter of 2013 compared to the prior
year, driven by gross profit growth in all of our business
Tracking share price, revenue and net income:
Edward Lampert's average 12-month return is currently 34.5%. His
top buys, sells and holdings in graphic summary:
GuruFocus Real Time Picks reports the stock purchases and sales
that gurus have made within the prior 2 weeks. The report time lag
can be as short as 2 days after the date of the transaction.
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