AlphaQuest LLC Has $1.06 Million Position in AutoNation, Inc. $AN

Key Points

• AlphaQuest LLC increased its stake in AutoNation, Inc. by 94.6% in Q2, owning 5,319 shares valued at approximately $1.06 million at the end of that quarter.
• AutoNation's recent quarterly earnings surpassed expectations, reporting $5.01 EPS, beating the consensus estimate of $4.85, with a revenue of $7.04 billion, up 6.9% year-over-year.
• Analysts have mixed ratings for AutoNation, with the stock receiving an average rating of "Moderate Buy" and a consensus price target of $225.63.

AlphaQuest LLC boosted its position in AutoNation, Inc. (NYSE:AN - Free Report) by 94.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,319 shares of the company's stock after purchasing an additional 2,585 shares during the period. AlphaQuest LLC's holdings in AutoNation were worth $1,057,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in AutoNation by 37.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 235 shares of the company's stock worth $38,000 after purchasing an additional 64 shares in the last quarter. GAMMA Investing LLC increased its holdings in AutoNation by 81.1% in the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $74,000 after purchasing an additional 206 shares in the last quarter. Parallel Advisors LLC increased its holdings in AutoNation by 45.3% in the 2nd quarter. Parallel Advisors LLC now owns 375 shares of the company's stock worth $74,000 after purchasing an additional 117 shares in the last quarter. SVB Wealth LLC acquired a new position in AutoNation in the 1st quarter worth about $86,000. Finally, IFP Advisors Inc increased its stake in shares of AutoNation by 38.0% in 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. Institutional investors and hedge funds own 94.62% of the company's stock.

AutoNation Stock Down 4.1%

Shares of AutoNation stock opened at $200.20 on Friday. The stock's 50-day moving average is $218.47 and its 200 day moving average is $199.74. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 0.93 and a beta of 0.85. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.81 and a quick ratio of 0.21. AutoNation, Inc. has a one year low of $148.33 and a one year high of $228.92.

AutoNation (NYSE:AN - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $5.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.85 by $0.16. AutoNation had a return on equity of 32.07% and a net margin of 2.38%.The business had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same quarter in the prior year, the company earned $4.02 earnings per share. The company's quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts anticipate that AutoNation, Inc. will post 18.15 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on AutoNation from $221.00 to $220.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 15th. Bank of America decreased their price target on AutoNation from $255.00 to $250.00 and set a "buy" rating for the company in a research note on Wednesday, September 10th. Morgan Stanley increased their price target on AutoNation from $195.00 to $220.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. upped their target price on AutoNation from $205.00 to $230.00 and gave the company a "neutral" rating in a research report on Tuesday, October 14th. Finally, Stephens upped their target price on AutoNation from $190.00 to $200.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $225.63.

AutoNation Company Profile

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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