AutoNation, Inc. (NYSE:AN) Shares Bought by Cwm LLC

CWM LLC raised its holdings in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 558.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,817 shares of the company's stock after purchasing an additional 4,933 shares during the period. CWM LLC's holdings in AutoNation were worth $942,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC raised its stake in shares of AutoNation by 25.5% during the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock worth $54,000 after purchasing an additional 64 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in AutoNation by 0.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,580 shares of the company's stock worth $1,227,000 after acquiring an additional 67 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in AutoNation by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 11,171 shares of the company's stock valued at $1,897,000 after acquiring an additional 70 shares during the period. HighTower Advisors LLC lifted its holdings in AutoNation by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 3,866 shares of the company's stock worth $657,000 after buying an additional 74 shares during the period. Finally, SummerHaven Investment Management LLC increased its position in AutoNation by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 4,918 shares of the company's stock valued at $796,000 after buying an additional 77 shares in the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.

AutoNation Stock Performance

AN traded up $3.19 on Tuesday, hitting $202.08. 372,303 shares of the stock traded hands, compared to its average volume of 462,186. The business has a fifty day moving average price of $194.99 and a two-hundred day moving average price of $182.30. AutoNation, Inc. has a 52 week low of $148.33 and a 52 week high of $217.40. The company has a current ratio of 0.77, a quick ratio of 0.22 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $7.62 billion, a PE ratio of 11.96, a P/E/G ratio of 1.00 and a beta of 0.99.

AutoNation (NYSE:AN - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported $4.68 earnings per share for the quarter, topping the consensus estimate of $4.35 by $0.33. AutoNation had a net margin of 2.51% and a return on equity of 30.08%. The business had revenue of $6.69 billion for the quarter, compared to analysts' expectations of $6.53 billion. During the same period in the previous year, the company earned $4.49 earnings per share. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. On average, research analysts predict that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on AN. Wells Fargo & Company boosted their price objective on AutoNation from $187.00 to $209.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Guggenheim dropped their target price 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. Citigroup upgraded shares of AutoNation to a "strong-buy" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Finally, Bank of America increased their price target on AutoNation from $225.00 to $255.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $209.88.

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.