AutoNation, Inc. (NYSE:AN) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in AutoNation, Inc. (NYSE:AN - Free Report) by 10.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,714 shares of the company's stock after selling 3,700 shares during the period. New York State Teachers Retirement System owned about 0.08% of AutoNation worth $4,973,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AN. Boston Partners raised its holdings in AutoNation by 12.6% in the 4th quarter. Boston Partners now owns 1,814,228 shares of the company's stock worth $309,312,000 after purchasing an additional 203,335 shares during the period. Brave Warrior Advisors LLC raised its holdings in AutoNation by 50.3% during the fourth quarter. Brave Warrior Advisors LLC now owns 1,461,213 shares of the company's stock valued at $248,172,000 after acquiring an additional 488,904 shares during the period. Alyeska Investment Group L.P. raised its holdings in AutoNation by 63.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,104,934 shares of the company's stock valued at $187,662,000 after acquiring an additional 426,882 shares during the period. Alliancebernstein L.P. raised its holdings in AutoNation by 23.3% during the fourth quarter. Alliancebernstein L.P. now owns 851,870 shares of the company's stock valued at $144,682,000 after acquiring an additional 160,794 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its holdings in AutoNation by 422.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 575,000 shares of the company's stock valued at $97,658,000 after acquiring an additional 465,000 shares during the period. 94.62% of the stock is currently owned by institutional investors.

AutoNation Price Performance

AN stock traded down $1.32 during mid-day trading on Monday, reaching $211.18. The company's stock had a trading volume of 370,952 shares, compared to its average volume of 458,802. The stock has a market cap of $7.96 billion, a PE ratio of 12.50, a P/E/G 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 fifty-two week low of $148.33 and a fifty-two week high of $213.38. The company's 50 day moving average is $188.58 and its two-hundred day moving average is $179.72.

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 analysts' consensus estimates of $4.35 by $0.33. The company had revenue of $6.69 billion during 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%. AutoNation's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.49 EPS. Equities research analysts expect that AutoNation, Inc. will post 18.15 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AN. Wall Street Zen upgraded AutoNation from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th. Cfra Research upgraded AutoNation to a "strong-buy" rating in a research report on Friday, April 25th. Citigroup upgraded AutoNation to a "strong-buy" rating in a research report on Thursday, April 24th. Guggenheim decreased their price target on shares of AutoNation from $212.00 to $183.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Bank of America boosted their price objective on shares of AutoNation from $225.00 to $255.00 and gave the stock a "buy" rating in a research note on Monday, June 16th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $205.75.

AutoNation 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.