Callan Family Office LLC Makes New $455,000 Investment in AutoNation, Inc. $AN

Key Points

• Callan Family Office LLC invested approximately $455,000 in AutoNation during the 2nd quarter, purchasing 2,289 shares of the company.
• AutoNation reported an EPS of $5.46 for the last quarter, exceeding analysts' expectations of $4.70, with revenues reaching $6.97 billion.
• Currently, 94.62% of AutoNation's stock is held by institutional investors, indicating strong backing from the financial community.

Callan Family Office LLC bought a new position in shares of AutoNation, Inc. (NYSE:AN - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 2,289 shares of the company's stock, valued at approximately $455,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its holdings in AutoNation by 37.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 235 shares of the company's stock worth $38,000 after buying an additional 64 shares during the period. Parallel Advisors LLC lifted its holdings in AutoNation by 45.3% during the 2nd quarter. Parallel Advisors LLC now owns 375 shares of the company's stock worth $74,000 after buying an additional 117 shares during the period. GAMMA Investing LLC lifted its holdings in AutoNation by 81.1% during the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $74,000 after buying an additional 206 shares during the period. SVB Wealth LLC acquired a new position in AutoNation during the 1st quarter worth about $86,000. Finally, Exchange Traded Concepts LLC lifted its holdings in AutoNation by 762.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 923 shares of the company's stock worth $149,000 after buying an additional 816 shares during the period. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Stock Performance

Shares of AutoNation stock opened at $220.97 on Wednesday. AutoNation, Inc. has a one year low of $148.33 and a one year high of $228.92. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.99 and a beta of 0.85. The business has a 50-day simple moving average of $216.68 and a 200 day simple moving average of $196.79. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.81 and a quick ratio of 0.21.

AutoNation (NYSE:AN - Get Free Report) last issued its earnings results on Friday, July 25th. The company reported $5.46 EPS for the quarter, beating analysts' consensus estimates of $4.70 by $0.76. The business had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.77 billion. AutoNation had a return on equity of 31.12% and a net margin of 2.31%.The firm's revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.99 EPS. On average, research analysts anticipate that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AN shares. Stephens lifted their price objective on AutoNation from $190.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Wells Fargo & Company lifted their price objective on AutoNation from $209.00 to $221.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Wall Street Zen lowered AutoNation from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Bank of America lowered their price objective on AutoNation from $255.00 to $250.00 and set a "buy" rating for the company in a research report on Wednesday, September 10th. Finally, Weiss Ratings lowered AutoNation from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $225.75.

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.

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