Charles Schwab Investment Management Inc. decreased its holdings in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 323,896 shares of the company's stock after selling 3,269 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.86% of AutoNation worth $52,445,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Curat Global LLC acquired a new position in AutoNation in the 1st quarter valued at approximately $36,000. 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 in the last quarter. GAMMA Investing LLC raised its holdings in AutoNation by 81.1% in the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company's stock valued at $74,000 after acquiring an additional 206 shares in the last quarter. UMB Bank n.a. raised its holdings in AutoNation by 56.8% in the 1st quarter. UMB Bank n.a. now owns 839 shares of the company's stock valued at $136,000 after acquiring an additional 304 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in AutoNation by 762.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 923 shares of the company's stock valued at $149,000 after acquiring an additional 816 shares in the last quarter. Institutional investors and hedge funds own 94.62% of the company's stock.
AutoNation Trading Down 0.1%
Shares of NYSE:AN traded down $0.21 during midday trading on Thursday, hitting $209.39. The company had a trading volume of 5,776 shares, compared to its average volume of 479,622. AutoNation, Inc. has a 12 month low of $148.33 and a 12 month high of $217.40. The company has a current ratio of 0.81, a quick ratio of 0.21 and a debt-to-equity ratio of 1.84. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.03 and a beta of 0.89. The firm has a fifty day simple moving average of $201.32 and a 200 day simple moving average of $185.33.
AutoNation (NYSE:AN - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The company reported $5.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.70 by $0.76. AutoNation had a return on equity of 31.12% and a net margin of 2.31%.The business had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.77 billion. During the same period last year, the company earned $3.99 EPS. The firm's revenue was up 7.6% on a year-over-year basis. On average, analysts predict that AutoNation, Inc. will post 18.15 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts recently commented on AN shares. Guggenheim cut their target price on AutoNation from $230.00 to $228.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Morgan Stanley raised their target price on AutoNation from $195.00 to $220.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Stephens raised their target price on AutoNation from $190.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. raised their price target on AutoNation from $185.00 to $205.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Finally, Wells Fargo & Company raised their price target on AutoNation from $209.00 to $221.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $223.25.
Get Our Latest Research Report on AN
AutoNation Profile
(
Free Report)
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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