Gotham Asset Management LLC Has $15.33 Million Stock Holdings in AutoNation, Inc. $AN

Key Points

• Gotham Asset Management LLC increased its holdings in AutoNation, Inc. by 13.6% during Q1, owning 94,653 shares valued at approximately $15.3 million.
• AutoNation's recent quarterly earnings report showed earnings per share of $5.46, surpassing estimates, and the company reported revenue growth of 7.6% year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for AutoNation, with a target price of $223.25 reflecting positive market sentiment.

Gotham Asset Management LLC raised its position in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 13.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,653 shares of the company's stock after buying an additional 11,315 shares during the quarter. Gotham Asset Management LLC owned about 0.25% of AutoNation worth $15,326,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Curat Global LLC acquired a new stake in AutoNation during the first quarter valued at approximately $36,000. GAMMA Investing LLC raised its stake in AutoNation by 81.1% during the first quarter. GAMMA Investing LLC now owns 460 shares of the company's stock valued at $74,000 after buying an additional 206 shares in the last quarter. SVB Wealth LLC acquired a new stake in AutoNation during the first quarter valued at approximately $86,000. UMB Bank n.a. raised its stake in AutoNation by 56.8% during the first quarter. UMB Bank n.a. now owns 839 shares of the company's stock valued at $136,000 after buying an additional 304 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in AutoNation by 762.6% during the first quarter. Exchange Traded Concepts LLC now owns 923 shares of the company's stock valued at $149,000 after buying an additional 816 shares in the last quarter. Institutional investors and hedge funds own 94.62% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AN shares. Wells Fargo & Company increased their price target on AutoNation from $209.00 to $221.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Bank of America increased their price objective on AutoNation from $225.00 to $255.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Morgan Stanley increased their price objective on AutoNation from $195.00 to $220.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Guggenheim decreased their price objective on AutoNation from $230.00 to $228.00 and set a "buy" rating for the company in a report on Monday, August 11th. Finally, Stephens increased their price objective on AutoNation from $190.00 to $200.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $223.25.

AutoNation Price Performance

NYSE AN traded down $1.87 on Tuesday, reaching $225.31. 556,640 shares of the stock traded hands, compared to its average volume of 477,058. The firm's fifty day simple moving average is $208.32 and its 200 day simple moving average is $188.21. The company has a quick ratio of 0.21, a current ratio of 0.81 and a debt-to-equity ratio of 1.84. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 1.11 and a beta of 0.88. 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 issued its quarterly earnings results on Friday, July 25th. The company reported $5.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.70 by $0.76. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.77 billion. AutoNation had a return on equity of 31.12% and a net margin of 2.31%.The firm's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $3.99 EPS. As a group, research analysts predict that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.

About AutoNation

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.