Candlestick Capital Management LP trimmed its holdings in AutoNation, Inc. (NYSE:AN - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,599 shares of the company's stock after selling 70,128 shares during the period. Candlestick Capital Management LP owned about 0.33% of AutoNation worth $22,011,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of AN. Retirement Systems of Alabama lifted its stake in AutoNation by 142.2% in the third quarter. Retirement Systems of Alabama now owns 73,429 shares of the company's stock valued at $13,138,000 after buying an additional 43,113 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in AutoNation by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 327,165 shares of the company's stock valued at $55,566,000 after acquiring an additional 6,277 shares in the last quarter. Whalen Wealth Management Inc. acquired a new position in AutoNation in the 4th quarter worth $255,000. Assenagon Asset Management S.A. bought a new position in AutoNation during the 4th quarter worth about $13,239,000. Finally, Foster & Motley Inc. raised its stake in shares of AutoNation by 97.4% in the 4th quarter. Foster & Motley Inc. now owns 11,640 shares of the company's stock valued at $1,977,000 after purchasing an additional 5,742 shares during the period. 94.62% of the stock is currently owned by institutional investors.
AutoNation Stock Up 0.9 %
AN traded up $1.52 during trading on Friday, reaching $176.54. 368,662 shares of the stock were exchanged, compared to its average volume of 455,412. The stock has a market cap of $6.66 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 3.51 and a beta of 0.99. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.74. The stock's 50 day moving average price is $168.03 and its two-hundred day moving average price is $172.99. AutoNation, Inc. has a twelve month low of $148.33 and a twelve month high of $198.50.
AutoNation (NYSE:AN - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $4.68 earnings per share 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 business had revenue of $6.69 billion for the quarter, compared to analyst estimates of $6.53 billion. During the same period in the previous year, the firm earned $4.49 EPS. The firm's revenue was up 3.2% compared to the same quarter last year. Equities analysts expect that AutoNation, Inc. will post 18.15 EPS for the current year.
Analyst Ratings Changes
AN has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price objective on AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Citigroup raised shares of AutoNation to a "strong-buy" rating in a research note on Thursday, April 24th. Evercore ISI lifted their price objective on shares of AutoNation from $220.00 to $240.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Guggenheim reduced their target price on shares of AutoNation from $212.00 to $183.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Stephens lifted their price target 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. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $200.75.
Check Out Our Latest Stock Report on AutoNation
About AutoNation
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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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