2,532 Shares in AutoNation, Inc. $AN Purchased by Tweedy Browne Co LLC

Key Points

• Tweedy Browne Co LLC purchased 2,532 shares of AutoNation, Inc. during the second quarter, valued at approximately $503,000.
• AutoNation's stock price decreased by 1.4%, with a 52-week low of $148.33 and a high of $228.92, while the company's market cap is $8.06 billion.
• After reporting quarterly earnings of $5.46 EPS, AutoNation exceeded analysts' expectations, with projected EPS for the current year estimated at 18.15.

Tweedy Browne Co LLC bought a new position in AutoNation, Inc. (NYSE:AN - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,532 shares of the company's stock, valued at approximately $503,000.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position in shares of AutoNation by 37.4% in the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the company's stock worth $38,000 after buying an additional 64 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of AutoNation by 45.3% in the second quarter. Parallel Advisors LLC now owns 375 shares of the company's stock worth $74,000 after buying an additional 117 shares in the last quarter. GAMMA Investing LLC increased its stake in AutoNation by 81.1% during the first quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $74,000 after acquiring an additional 206 shares during the last quarter. IFP Advisors Inc increased its stake in AutoNation by 38.0% during the second quarter. IFP Advisors Inc now owns 508 shares of the company's stock worth $101,000 after acquiring an additional 140 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in AutoNation during the first quarter worth approximately $86,000. 94.62% of the stock is currently owned by hedge funds and other institutional investors.

AutoNation Stock Down 1.4%

Shares of NYSE:AN opened at $213.69 on Friday. AutoNation, Inc. has a 52-week low of $148.33 and a 52-week high of $228.92. The stock has a market cap of $8.06 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.85. The business's 50 day moving average is $217.49 and its 200 day moving average is $197.28. The company has a quick ratio of 0.21, a current ratio of 0.81 and a debt-to-equity ratio of 1.84.

AutoNation (NYSE:AN - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported $5.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.76. AutoNation had a return on equity of 31.12% and a net margin of 2.31%.The company had revenue of $6.97 billion for the quarter, compared to analysts' expectations of $6.77 billion. During the same quarter in the prior year, the firm earned $3.99 earnings per share. AutoNation's revenue was up 7.6% compared to the same quarter last year. Sell-side analysts predict that AutoNation, Inc. will post 18.15 EPS for the current year.

Analyst Ratings Changes

AN has been the topic of several analyst reports. Bank of America reduced their price objective on AutoNation from $255.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, September 10th. Citigroup reaffirmed a "buy" rating on shares of AutoNation in a research note on Thursday, September 25th. Guggenheim cut their target price on AutoNation from $230.00 to $228.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Morgan Stanley upped their target price on AutoNation from $195.00 to $220.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, Wall Street Zen cut AutoNation from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, AutoNation presently has a consensus rating of "Moderate Buy" and an average price target of $225.63.

AutoNation Company Profile

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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