8,948 Shares in AutoNation, Inc. $AN Purchased by Corient Private Wealth LP

Corient Private Wealth LP bought a new stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,948 shares of the company's stock, valued at approximately $1,662,000.

A number of other large investors also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its stake in AutoNation by 192,434.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,424,431 shares of the company's stock worth $913,557,000 after purchasing an additional 4,422,133 shares during the period. BlackRock Inc. bought a new stake in shares of AutoNation during the second quarter valued at approximately $438,689,000. Norges Bank bought a new stake in shares of AutoNation during the fourth quarter valued at approximately $69,319,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of AutoNation by 260.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 333,975 shares of the company's stock worth $73,064,000 after buying an additional 241,265 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of AutoNation by 51.8% in the second quarter. AQR Capital Management LLC now owns 631,744 shares of the company's stock worth $125,439,000 after buying an additional 215,577 shares in the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of AutoNation from $255.00 to $260.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Argus boosted their price target on shares of AutoNation from $241.00 to $246.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Weiss Ratings raised shares of AutoNation from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 17th. Stephens raised their price objective on AutoNation from $220.00 to $232.00 and gave the company an "equal weight" rating in a research report on Monday, August 10th. Finally, Citigroup lifted their target price on AutoNation from $287.00 to $290.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.00.

Insider Activity at AutoNation

In other news, Director Lisa Lutoff-Perlo sold 900 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $220.00, for a total value of $198,000.00. Following the sale, the director directly owned 7,989 shares in the company, valued at $1,757,580. The trade was a 10.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by insiders.

AutoNation Trading Up 0.8%

AN stock opened at $207.51 on Friday. The firm has a fifty day moving average price of $202.34 and a 200 day moving average price of $197.28. AutoNation, Inc. has a fifty-two week low of $176.62 and a fifty-two week high of $235.81. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.18 and a current ratio of 0.78. The firm has a market cap of $6.86 billion, a PE ratio of 9.61, a price-to-earnings-growth ratio of 1.00 and a beta of 0.72.

AutoNation (NYSE:AN - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported $5.56 earnings per share for the quarter, topping the consensus estimate of $5.48 by $0.08. The company had revenue of $6.93 billion for the quarter, compared to analysts' expectations of $7 billion. AutoNation had a net margin of 2.82% and a return on equity of 31.24%. AutoNation's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.26 earnings per share. Sell-side analysts anticipate that AutoNation, Inc. will post 21.69 earnings per share for the current fiscal year.

AutoNation Profile

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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