4WEALTH Advisors Inc. purchased a new stake in AutoNation, Inc. (NYSE:AN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,436 shares of the company's stock, valued at approximately $233,000.
Several other institutional investors and hedge funds also recently modified their holdings of the business. NewEdge Advisors LLC increased its position in AutoNation by 25.5% during the fourth quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock worth $54,000 after purchasing an additional 64 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in AutoNation by 0.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,580 shares of the company's stock worth $1,227,000 after purchasing an additional 67 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in AutoNation by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 11,171 shares of the company's stock worth $1,897,000 after buying an additional 70 shares during the period. HighTower Advisors LLC grew its stake in AutoNation by 2.0% during the fourth quarter. HighTower Advisors LLC now owns 3,866 shares of the company's stock worth $657,000 after buying an additional 74 shares during the period. Finally, SummerHaven Investment Management LLC grew its stake in AutoNation by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 4,918 shares of the company's stock worth $796,000 after buying an additional 77 shares during the period. Hedge funds and other institutional investors own 94.62% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on AN shares. JPMorgan Chase & Co. reduced their price objective on shares of AutoNation from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Wall Street Zen upgraded shares of AutoNation from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th. Citigroup upgraded shares of AutoNation to a "strong-buy" rating in a research report on Thursday, April 24th. Guggenheim cut their price objective on shares of AutoNation from $212.00 to $183.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Bank of America lifted their price objective on shares of AutoNation from $225.00 to $255.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $209.88.
Check Out Our Latest Report on AutoNation
AutoNation Stock Performance
AN stock traded up $3.19 on Tuesday, reaching $202.08. 372,303 shares of the company were exchanged, compared to its average volume of 462,186. AutoNation, Inc. has a 12 month low of $148.33 and a 12 month high of $217.40. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.77 and a quick ratio of 0.22. The stock's fifty day moving average price is $194.99 and its 200 day moving average price is $182.30. The firm has a market capitalization of $7.62 billion, a PE ratio of 11.96, a PEG ratio of 1.00 and a beta of 0.99.
AutoNation (NYSE:AN - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $4.68 EPS for the quarter, beating the consensus estimate of $4.35 by $0.33. The company had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.53 billion. AutoNation had a net margin of 2.51% and a return on equity of 30.08%. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.49 EPS. On average, research analysts anticipate that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.
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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