AutoNation, Inc. (NYSE:AN) Shares Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC boosted its stake in AutoNation, Inc. (NYSE:AN - Free Report) by 253.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172,264 shares of the company's stock after buying an additional 123,466 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.43% of AutoNation worth $29,257,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of AN. Global X Japan Co. Ltd. raised its position in shares of AutoNation by 150.8% in the fourth quarter. Global X Japan Co. Ltd. now owns 158 shares of the company's stock valued at $27,000 after buying an additional 95 shares during the last quarter. NewEdge Advisors LLC raised its holdings in AutoNation by 25.5% in the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock valued at $54,000 after acquiring an additional 64 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in AutoNation by 77.1% in the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company's stock valued at $84,000 after acquiring an additional 215 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of AutoNation during the 4th quarter worth $183,000. Finally, Curio Wealth LLC acquired a new stake in shares of AutoNation during the fourth quarter worth $197,000. Institutional investors and hedge funds own 94.62% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AN. Citigroup upgraded AutoNation to a "strong-buy" rating in a research note on Thursday, April 24th. Stephens increased their price objective on shares of AutoNation from $195.00 to $200.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 12th. Cfra Research raised shares of AutoNation to a "strong-buy" rating in a research report on Friday, April 25th. Evercore ISI lifted their price target on shares of AutoNation from $220.00 to $240.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reduced their target price on AutoNation from $195.00 to $175.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, AutoNation currently has an average rating of "Moderate Buy" and an average price target of $200.75.

AutoNation Stock Up 1.7%

Shares of NYSE:AN traded up $3.07 during midday trading on Tuesday, hitting $185.28. 113,513 shares of the company's stock traded hands, compared to its average volume of 457,990. The firm's fifty day moving average price is $172.51 and its two-hundred day moving average price is $175.53. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.74. AutoNation, Inc. has a twelve month low of $148.33 and a twelve month high of $198.50. The company has a market cap of $6.99 billion, a PE ratio of 10.94, a P/E/G ratio of 3.51 and a beta of 1.00.

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. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. The company had revenue of $6.69 billion for the quarter, compared to analyst estimates of $6.53 billion. During the same period last year, the company posted $4.49 earnings per share. The firm's revenue was up 3.2% compared to the same quarter last year. On average, 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.