Bridgefront Capital LLC cut its stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 67.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,103 shares of the company's stock after selling 4,380 shares during the quarter. Bridgefront Capital LLC's holdings in AutoNation were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC boosted its stake 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 in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of AutoNation by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,290 shares of the company's stock valued at $219,000 after buying an additional 68 shares in the last quarter. Strengthening Families & Communities LLC grew its position in shares of AutoNation by 2.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 3,472 shares of the company's stock worth $590,000 after buying an additional 69 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of AutoNation by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 11,171 shares of the company's stock worth $1,897,000 after acquiring an additional 70 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of AutoNation by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 3,866 shares of the company's stock worth $657,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 94.62% of the company's stock.
AutoNation Stock Up 4.1%
Shares of AutoNation stock traded up $7.39 on Monday, reaching $187.08. The company's stock had a trading volume of 159,303 shares, compared to its average volume of 454,694. AutoNation, Inc. has a 52 week low of $148.33 and a 52 week high of $198.50. The firm's fifty day simple moving average is $167.93 and its two-hundred day simple moving average is $173.51. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 3.51 and a beta of 1.00.
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, beating the consensus estimate of $4.35 by $0.33. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. The company had revenue of $6.69 billion for the quarter, compared to analysts' expectations of $6.53 billion. During the same period last year, the firm posted $4.49 earnings per share. AutoNation's revenue was up 3.2% compared to the same quarter last year. Equities analysts anticipate that AutoNation, Inc. will post 18.15 earnings per share for the current year.
Wall Street Analysts Forecast Growth
AN has been the topic of a number of recent research reports. Citigroup upgraded shares of AutoNation to a "strong-buy" rating in a report on Thursday, April 24th. Wells Fargo & Company dropped their price target on AutoNation from $194.00 to $176.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Evercore ISI raised their price objective on AutoNation from $220.00 to $240.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Cfra Research raised AutoNation to a "strong-buy" rating in a report on Friday, April 25th. Finally, Stephens increased their target price on AutoNation from $195.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $200.75.
Read Our Latest Report on AN
AutoNation Profile
(
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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