Algert Global LLC Takes Position in AutoNation, Inc. (NYSE:AN)

Algert Global LLC acquired a new stake in AutoNation, Inc. (NYSE:AN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,376 shares of the company's stock, valued at approximately $404,000.

A number of other institutional investors have also recently bought and sold shares of AN. Global X Japan Co. Ltd. boosted 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 worth $27,000 after acquiring an additional 95 shares in the last quarter. NewEdge Advisors LLC boosted 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 worth $54,000 after acquiring an additional 64 shares in the last quarter. Farther Finance Advisors LLC boosted 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 worth $84,000 after acquiring an additional 215 shares in the last quarter. Curio Wealth LLC acquired a new stake in shares of AutoNation during the 4th quarter worth approximately $197,000. Finally, Wedmont Private Capital acquired a new stake in shares of AutoNation during the 4th quarter worth approximately $207,000. Institutional investors own 94.62% of the company's stock.

Wall Street Analyst Weigh In

AN has been the subject of several research reports. Cfra Research raised shares of AutoNation to a "strong-buy" rating in a research note on Friday, April 25th. Citigroup raised shares of AutoNation to a "strong-buy" rating in a research note on Thursday, April 24th. Stephens increased their price objective on shares of AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. Wells Fargo & Company dropped their price target on shares of AutoNation from $194.00 to $176.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Finally, Evercore ISI raised their price target on shares of AutoNation from $220.00 to $240.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $200.75.

AutoNation Trading Down 0.3%

Shares of AN traded down $0.53 during trading hours on Friday, hitting $190.17. 386,144 shares of the stock were exchanged, compared to its average volume of 458,331. AutoNation, Inc. has a fifty-two week low of $148.33 and a fifty-two week high of $198.50. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.21. The business has a 50-day moving average of $169.99 and a 200-day moving average of $174.66. The firm has a market capitalization of $7.17 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 3.51 and a beta of 1.00.

AutoNation (NYSE:AN - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $4.68 EPS for the quarter, topping analysts' consensus estimates of $4.35 by $0.33. The business had revenue of $6.69 billion during the quarter, compared to analysts' expectations of $6.53 billion. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. The business's quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted $4.49 earnings per share. On average, research analysts expect that AutoNation, Inc. will post 18.15 EPS for the current year.

About AutoNation

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.