Allspring Global Investments Holdings LLC decreased its position in AutoNation, Inc. (NYSE:AN - Free Report) by 9.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,961 shares of the company's stock after selling 7,615 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.20% of AutoNation worth $15,700,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of AN. Geneos Wealth Management Inc. increased 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 valued at $38,000 after acquiring an additional 64 shares during the period. GAMMA Investing LLC increased its position in shares of AutoNation by 81.1% in the first quarter. GAMMA Investing LLC now owns 460 shares of the company's stock valued at $74,000 after acquiring an additional 206 shares during the period. Parallel Advisors LLC increased 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 valued at $74,000 after acquiring an additional 117 shares during the period. SVB Wealth LLC purchased a new position in shares of AutoNation during the first quarter valued at about $86,000. Finally, IFP Advisors Inc increased its position in shares of AutoNation by 38.0% during the second quarter. IFP Advisors Inc now owns 508 shares of the company's stock valued at $101,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 94.62% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on AN shares. Weiss Ratings cut shares of AutoNation from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Bank of America reduced their price target on shares of AutoNation from $255.00 to $250.00 and set a "buy" rating on the stock in a research report on Wednesday, September 10th. Guggenheim reduced their price target on shares of AutoNation from $230.00 to $228.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Morgan Stanley boosted their price target on shares of AutoNation from $195.00 to $220.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AutoNation from $205.00 to $230.00 and gave the company a "neutral" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $225.63.
View Our Latest Stock Analysis on AutoNation
AutoNation Trading Up 0.4%
NYSE:AN opened at $214.53 on Friday. AutoNation, Inc. has a one year low of $148.33 and a one year high of $228.92. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.81 and a quick ratio of 0.21. The company's 50-day simple moving average is $217.86 and its 200 day simple moving average is $197.63. The firm has a market capitalization of $8.09 billion, a P/E ratio of 13.44, a PEG ratio of 0.99 and a beta of 0.85.
AutoNation (NYSE:AN - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The company reported $5.46 EPS for the quarter, topping the consensus estimate of $4.70 by $0.76. AutoNation had a net margin of 2.31% and a return on equity of 31.12%. The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.77 billion. During the same quarter in the previous year, the firm posted $3.99 earnings per share. AutoNation's quarterly revenue was up 7.6% on a year-over-year basis. As a group, analysts forecast that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.
AutoNation Profile
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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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