Baypointe Partners LLC acquired a new position in AutoNation, Inc. (NYSE:AN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,776 shares of the company's stock, valued at approximately $1,812,000. AutoNation accounts for about 3.8% of Baypointe Partners LLC's portfolio, making the stock its 9th biggest holding.
A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in AutoNation by 1.1% in the third quarter. Vanguard Group Inc. now owns 3,176,626 shares of the company's stock worth $694,950,000 after acquiring an additional 34,153 shares during the period. Invesco Ltd. boosted its holdings in shares of AutoNation by 11.2% in the 3rd quarter. Invesco Ltd. now owns 907,163 shares of the company's stock valued at $198,460,000 after buying an additional 91,232 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of AutoNation by 10.5% in the 3rd quarter. AQR Capital Management LLC now owns 697,927 shares of the company's stock valued at $151,967,000 after buying an additional 66,183 shares in the last quarter. Holocene Advisors LP boosted its holdings in shares of AutoNation by 38.3% in the 3rd quarter. Holocene Advisors LP now owns 548,677 shares of the company's stock valued at $120,034,000 after buying an additional 151,966 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of AutoNation by 260.2% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 333,975 shares of the company's stock valued at $73,064,000 after buying an additional 241,265 shares in the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on AN shares. Citigroup lowered their price target on shares of AutoNation from $280.00 to $269.00 and set a "buy" rating on the stock in a report on Wednesday, April 8th. Stephens raised their price target on shares of AutoNation from $228.00 to $232.00 and gave the company an "equal weight" rating in a report on Wednesday, February 11th. Wells Fargo & Company lowered their price target on shares of AutoNation from $230.00 to $207.00 and set an "equal weight" rating on the stock in a report on Monday, April 13th. Weiss Ratings cut shares of AutoNation from a "buy (b)" rating to a "hold (c+)" rating in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. upgraded shares of AutoNation from a "neutral" rating to an "overweight" rating and set a $235.00 price target on the stock in a report on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, AutoNation has an average rating of "Moderate Buy" and a consensus price target of $244.33.
Check Out Our Latest Research Report on AN
AutoNation Stock Performance
Shares of AutoNation stock opened at $209.52 on Monday. The firm has a market capitalization of $7.19 billion, a P/E ratio of 11.35, a PEG ratio of 1.12 and a beta of 0.79. The company has a quick ratio of 0.22, a current ratio of 0.84 and a debt-to-equity ratio of 2.39. The company has a 50 day moving average price of $196.00 and a 200 day moving average price of $203.67. AutoNation, Inc. has a 52 week low of $173.26 and a 52 week high of $228.92.
AutoNation (NYSE:AN - Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The company reported $4.69 EPS for the quarter, missing the consensus estimate of $4.71 by ($0.02). The company had revenue of $6.55 billion during the quarter, compared to analysts' expectations of $6.65 billion. AutoNation had a net margin of 2.47% and a return on equity of 30.76%. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.68 earnings per share. Sell-side analysts expect that AutoNation, Inc. will post 21.31 EPS for the current year.
More AutoNation News
Here are the key news stories impacting AutoNation this week:
AutoNation Profile
(
Free Report)
AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.
Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.
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