Adage Capital Partners GP L.L.C. raised its position in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 422.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 575,000 shares of the company's stock after buying an additional 465,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 1.45% of AutoNation worth $97,658,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC raised its position in shares of AutoNation by 581.8% during the 4th quarter. Fortitude Family Office LLC now owns 150 shares of the company's stock worth $25,000 after purchasing an additional 128 shares during the period. Global X Japan Co. Ltd. increased its position in shares of AutoNation by 150.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company's stock valued at $27,000 after purchasing an additional 95 shares during the period. NewEdge Advisors LLC increased its position in shares of AutoNation by 25.5% during the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock valued at $54,000 after purchasing an additional 64 shares during the period. Farther Finance Advisors LLC increased its position in shares of AutoNation by 77.1% during the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company's stock valued at $84,000 after purchasing an additional 215 shares during the period. Finally, McIlrath & Eck LLC increased its position in shares of AutoNation by 16.4% during the 3rd quarter. McIlrath & Eck LLC now owns 964 shares of the company's stock valued at $172,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 94.62% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Evercore ISI raised their price objective on AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. StockNews.com raised AutoNation from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Stephens raised their price objective on AutoNation from $195.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. Guggenheim reduced their price objective on AutoNation from $212.00 to $183.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. decreased their target price on AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $200.75.
View Our Latest Analysis on AN
AutoNation Stock Up 0.9 %
Shares of NYSE AN traded up $1.51 during trading hours on Tuesday, hitting $173.22. The stock had a trading volume of 128,891 shares, compared to its average volume of 454,977. The firm's 50-day moving average price is $168.74 and its two-hundred day moving average price is $172.85. AutoNation, Inc. has a 52 week low of $148.33 and a 52 week high of $198.50. The company has a market capitalization of $6.80 billion, a P/E ratio of 10.22, a P/E/G ratio of 3.51 and a beta of 1.15. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.74.
AutoNation (NYSE:AN - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $4.68 EPS for the quarter, topping analysts' consensus estimates of $4.35 by $0.33. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. The firm had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.53 billion. During the same quarter in the prior year, the company posted $4.49 earnings per share. The firm's revenue was up 3.2% on a year-over-year basis. Analysts anticipate that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.
About AutoNation
(
Free Report)
AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.
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