AutoNation, Inc. $AN Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its AutoNation stake by 96.2% in the third quarter, selling 43,626 shares and retaining 1,724 shares valued at approximately $271,000.
• Institutional investors own 94.62% of AutoNation, while several other firms—including HSBC, Engineers Gate and PDT Partners—recently increased or initiated positions.
• AutoNation reported quarterly EPS of $5.56, exceeding estimates, while revenue declined slightly year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $230, above the reported $161.97 share price.

Curated Wealth Partners LLC lessened its stake in AutoNation, Inc. (NYSE:AN - Free Report) by 96.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,724 shares of the company's stock after selling 43,626 shares during the period. Curated Wealth Partners LLC's holdings in AutoNation were worth $271,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AN. Engineers Gate Manager LP grew its position in AutoNation by 56.0% in the 2nd quarter. Engineers Gate Manager LP now owns 39,379 shares of the company's stock valued at $7,316,000 after buying an additional 14,134 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in AutoNation in the 2nd quarter valued at $3,474,000. Jupiter Topco LLC acquired a new position in AutoNation in the 2nd quarter valued at $2,000,000. Hsbc Holdings PLC raised its position in AutoNation by 967.8% during the 2nd quarter. Hsbc Holdings PLC now owns 18,750 shares of the company's stock worth $3,483,000 after buying an additional 16,994 shares during the last quarter. Finally, PDT Partners LLC purchased a new position in AutoNation during the 2nd quarter worth $2,824,000. Institutional investors and hedge funds own 94.62% of the company's stock.

AutoNation Trading Up 1.4%

Shares of AN stock opened at $161.97 on Friday. The business's fifty day moving average price is $185.29 and its 200 day moving average price is $193.30. AutoNation, Inc. has a 1-year low of $151.82 and a 1-year high of $235.81. The firm has a market capitalization of $5.35 billion, a PE ratio of 7.50, a P/E/G ratio of 0.79 and a beta of 0.81. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.78 and a quick ratio of 0.18.

AutoNation (NYSE:AN - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $5.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.48 by $0.08. The firm had revenue of $6.93 billion during the quarter, compared to analysts' expectations of $7 billion. AutoNation had a return on equity of 31.24% and a net margin of 2.82%. AutoNation's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.26 earnings per share. As a group, sell-side analysts forecast that AutoNation, Inc. will post 21.12 EPS for the current fiscal year.

Insider Buying and Selling at AutoNation

In other news, Director Lisa Lutoff-Perlo sold 900 shares of the 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 completion of the transaction, the director owned 7,989 shares in the company, valued at $1,757,580. This trade represents a 10.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AN. UBS Group reduced their target price on shares of AutoNation from $248.00 to $213.00 and set a "buy" rating for the company in a research note on Wednesday, October 7th. Wells Fargo & Company boosted their price target on shares of AutoNation from $202.00 to $224.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. 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. Seaport Research Partners reissued a "buy" rating and set a $255.00 price target on shares of AutoNation in a report on Monday, August 3rd. Finally, Stephens increased their price target on shares of AutoNation from $220.00 to $232.00 and gave the stock an "equal weight" rating in a report on Monday, August 10th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $230.00.

AutoNation Company Profile

AutoNation, Inc is an automotive retailer headquartered in Fort Lauderdale, Florida. The company sells new and used vehicles through a network of franchised dealerships representing a range of major automotive brands, as well as through digital retailing channels.

In addition to vehicle sales, AutoNation provides automotive maintenance and repair, parts, collision repair, vehicle protection products, financing assistance and other related services. Its operations support customers throughout the vehicle ownership cycle, from purchase and financing to routine service and repairs.

The company traces its origins to Republic Industries, which entered the automotive retail business in the 1990s and adopted the AutoNation name in 1998.

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