AutoNation, Inc. $AN Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt significantly increased its holdings in AutoNation by 558.2%, owning 36,200 shares valued at approximately $7.19 million as of the most recent reporting period.
• Several analysts have made adjustments to their target prices for AutoNation, with estimates ranging from $195.00 to $250.00, while holding a consensus rating of "Moderate Buy."
• AutoNation reported an EPS of $5.46 for the last quarter, surpassing expectations and reflecting a 7.6% year-over-year revenue increase.

Livforsakringsbolaget Skandia Omsesidigt increased its position in AutoNation, Inc. (NYSE:AN - Free Report) by 558.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,200 shares of the company's stock after acquiring an additional 30,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt owned approximately 0.10% of AutoNation worth $7,191,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AN. AQR Capital Management LLC increased its holdings in shares of AutoNation by 144.6% in the 1st quarter. AQR Capital Management LLC now owns 416,167 shares of the company's stock worth $65,950,000 after acquiring an additional 245,994 shares during the period. Nuveen LLC acquired a new stake in shares of AutoNation in the 1st quarter worth about $36,060,000. Vanguard Group Inc. increased its stake in AutoNation by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 3,256,308 shares of the company's stock valued at $527,261,000 after buying an additional 219,474 shares during the period. Boston Partners increased its stake in AutoNation by 8.3% during the 1st quarter. Boston Partners now owns 1,964,187 shares of the company's stock valued at $318,749,000 after buying an additional 149,959 shares during the period. Finally, Voloridge Investment Management LLC increased its stake in AutoNation by 253.0% during the 4th quarter. Voloridge Investment Management LLC now owns 172,264 shares of the company's stock valued at $29,257,000 after buying an additional 123,466 shares during the period. Institutional investors and hedge funds own 94.62% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Bank of America lowered their target price on shares of AutoNation from $255.00 to $250.00 and set a "buy" rating on the stock in a research note on Wednesday, September 10th. Morgan Stanley raised their target price on shares of 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. raised their target price on shares of AutoNation from $185.00 to $205.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Wall Street Zen cut shares of AutoNation from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Stephens raised their target price on shares of AutoNation from $190.00 to $200.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $222.63.

AutoNation Stock Performance

Shares of AN opened at $220.00 on Tuesday. The firm's 50 day moving average is $209.22 and its 200-day moving average is $189.41. The stock has a market capitalization of $8.30 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.02 and a beta of 0.88. 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 12-month low of $148.33 and a 12-month high of $228.92.

AutoNation (NYSE:AN - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported $5.46 earnings per share (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 company had revenue of $6.97 billion for the quarter, compared to analysts' expectations of $6.77 billion. During the same quarter in the previous year, the company posted $3.99 EPS. The business's revenue was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.

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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