Sowell Financial Services LLC purchased a new stake in AutoNation, Inc. (NYSE:AN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,999 shares of the company's stock, valued at approximately $486,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in AutoNation by 25.5% in the fourth quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock valued at $54,000 after acquiring an additional 64 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 purchasing an additional 6,277 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of AutoNation in the 4th quarter valued at $503,000. Norges Bank acquired a new stake in shares of AutoNation in the 4th quarter valued at $38,136,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of AutoNation by 351.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 14,679 shares of the company's stock worth $2,453,000 after purchasing an additional 11,431 shares during the last quarter. Hedge funds and other institutional investors own 94.62% of the company's stock.
AutoNation Stock Performance
NYSE AN traded up $1.89 on Monday, reaching $198.47. The stock had a trading volume of 429,177 shares, compared to its average volume of 462,660. The stock has a market cap of $7.48 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 1.01 and a beta of 0.99. AutoNation, Inc. has a 12-month low of $148.33 and a 12-month high of $199.06. The business's 50-day moving average price is $181.95 and its 200 day moving average price is $177.74. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.22 and a current ratio of 0.77.
AutoNation (NYSE:AN - Get Free Report) last announced its earnings results on Friday, April 25th. The company reported $4.68 EPS for the quarter, beating analysts' consensus estimates of $4.35 by $0.33. The business had revenue of $6.69 billion for the quarter, compared to analysts' expectations of $6.53 billion. AutoNation had a net margin of 2.51% and a return on equity of 30.08%. The company's quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $4.49 EPS. As a group, equities analysts expect that AutoNation, Inc. will post 18.15 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Wells Fargo & Company dropped their target price on AutoNation from $194.00 to $176.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. cut their target price on AutoNation from $195.00 to $175.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Wall Street Zen upgraded AutoNation from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th. Cfra Research raised shares of AutoNation to a "strong-buy" rating in a report on Friday, April 25th. Finally, Guggenheim reduced their price objective on shares of AutoNation from $212.00 to $183.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, AutoNation presently has an average rating of "Moderate Buy" and an average target price of $205.75.
View Our Latest Report on AutoNation
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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