Edgestream Partners L.P. Increases Stock Position in AutoNation, Inc. (NYSE:AN)

Edgestream Partners L.P. increased its stake in AutoNation, Inc. (NYSE:AN - Free Report) by 462.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,071 shares of the company's stock after buying an additional 44,458 shares during the period. Edgestream Partners L.P. owned 0.14% of AutoNation worth $8,755,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CWM LLC increased its stake in shares of AutoNation by 558.0% during the first quarter. CWM LLC now owns 5,817 shares of the company's stock valued at $942,000 after purchasing an additional 4,933 shares in the last quarter. Greatmark Investment Partners Inc. boosted its holdings in AutoNation by 5.3% in the first quarter. Greatmark Investment Partners Inc. now owns 154,144 shares of the company's stock worth $24,959,000 after purchasing an additional 7,742 shares during the last quarter. Cerity Partners LLC boosted its holdings in AutoNation by 95.3% in the first quarter. Cerity Partners LLC now owns 5,247 shares of the company's stock worth $850,000 after purchasing an additional 2,561 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in AutoNation by 34.6% in the first quarter. Nisa Investment Advisors LLC now owns 19,206 shares of the company's stock worth $3,110,000 after purchasing an additional 4,940 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of AutoNation by 62.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,661 shares of the company's stock worth $431,000 after acquiring an additional 1,019 shares during the last quarter. 94.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on AN shares. Wall Street Zen raised shares of AutoNation from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th. Citigroup raised shares of AutoNation to a "strong-buy" rating in a research report on Thursday, April 24th. Guggenheim lowered their price objective on shares of AutoNation from $212.00 to $183.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Bank of America boosted their price objective on shares of AutoNation from $225.00 to $255.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Finally, Wells Fargo & Company upped their price target on shares of AutoNation from $187.00 to $209.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $209.88.

AutoNation Stock Performance

Shares of AN stock traded down $8.94 during trading hours on Tuesday, hitting $205.40. The company's stock had a trading volume of 748,261 shares, compared to its average volume of 459,338. The company has a 50 day moving average of $193.73 and a 200 day moving average of $181.57. The stock has a market cap of $7.74 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 1.09 and a beta of 0.99. The company has a current ratio of 0.77, a quick ratio of 0.22 and a debt-to-equity ratio of 1.72. AutoNation, Inc. has a 12-month low of $148.33 and a 12-month high of $217.40.

AutoNation (NYSE:AN - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $4.68 EPS for the quarter, beating the consensus estimate of $4.35 by $0.33. The business had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.53 billion. AutoNation had a net margin of 2.51% and a return on equity of 30.08%. The business's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.49 EPS. On average, sell-side analysts forecast 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.