Lampert Entities Update AutoNation Stake

TL;DR

Lampert's ESL Investments filed an update on their AutoNation stake - check the details.

AI Summary

Edward S. Lampert, through ESL Investments, Inc. and other affiliated entities, has filed an amendment to their Schedule 13D concerning AutoNation, Inc. The filing, dated September 26, 2024, indicates a change in their beneficial ownership of AutoNation's common stock. Specific details on the exact percentage or number of shares changed are not provided in this excerpt, but the amendment signifies an update to their previous filings.

Why It Matters

This filing signals a potential shift in the holdings of a significant investor in AutoNation, which could influence market perception and future strategic decisions for the company.

Risk Assessment

Risk Level: medium — Changes in significant investor holdings can indicate shifts in strategy or market sentiment, requiring careful monitoring.

Key Players & Entities

• Edward S. Lampert (person) — Filing party and beneficial owner
• ESL Investments, Inc. (company) — Filing party and affiliated entity
• AutoNation, Inc. (company) — Subject company
• ESL PARTNERS, L.P. (company) — Filing party and affiliated entity

FAQ

Key Financial Figures

• $0.01 — es to shares of common stock, par value $0.01 per share (the Shares ), of AutoNation,

Filing Documents

• d832528dsc13da.htm (SC 13D/A) — 110KB
• 0001193125-24-227178.txt ( ) — 112KB

is hereby amended and restated in its entirety as follows

Item 5 is hereby amended and restated in its entirety as follows: (a)-(b) Each Filing Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement. Each Filing Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each Filing Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any syndicate or group with respect to the Issuer or any securities of the Issuer. As of September 26, 2024, the Filing Persons may be deemed to beneficially own the Shares set forth in the table below. FILING PERSON NUMBER OF SHARES BENEFICIALLY OWNED PERCENTAGE OF OUTSTANDING SHARES SOLE VOTING POWER SHARED VOTING POWER SOLE DISPOSITIVE POWER SHARED DISPOSITIVE POWER ESL Partners, L.P. 2,203 (1) Less than 0.1% (2) 2,203 (1) 0 2,203 (1) 0 RBS Partners, L.P. 2,203 (1) Less than 0.1% (2) 2,203 (1) 0 2,203 (1) 0 ESL Investments, Inc. 2,203 (1) Less than 0.1% (2) 2,203 (1) 0 2,203 (1) 0 The Lampert Foundation 162,002 0.4% (2) 162,002 0 162,002 0 Edward S. Lampert 3,701,040 (1)(3)(4) 9.3% (2) 3,701,040 (1)(3)(4) 0 3,701,040 (1)(3)(4) 0 (1) This number includes 2,203 Shares held in the Liability Accounts controlled by ESL. RBS is th