Chicago Partners Investment Group LLC purchased a new position in AutoNation, Inc. (NYSE:AN - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,739 shares of the company's stock, valued at approximately $356,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sagespring Wealth Partners LLC lifted its holdings in shares of AutoNation by 1.1% in the second quarter. Sagespring Wealth Partners LLC now owns 5,622 shares of the company's stock valued at $1,117,000 after purchasing an additional 62 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of AutoNation by 37.4% in the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the company's stock valued at $38,000 after purchasing an additional 64 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of AutoNation by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,580 shares of the company's stock valued at $1,227,000 after purchasing an additional 67 shares in the last quarter. IVC Wealth Advisors LLC lifted its holdings in shares of AutoNation by 0.9% in the second quarter. IVC Wealth Advisors LLC now owns 9,074 shares of the company's stock valued at $1,803,000 after purchasing an additional 78 shares in the last quarter. Finally, Ethic Inc. lifted its holdings in shares of AutoNation by 1.9% in the first quarter. Ethic Inc. now owns 4,635 shares of the company's stock valued at $761,000 after purchasing an additional 85 shares in the last quarter. Institutional investors own 94.62% of the company's stock.
AutoNation Stock Performance
Shares of AutoNation stock opened at $208.89 on Friday. 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 business's fifty day simple moving average is $218.59 and its 200 day simple moving average is $199.13. AutoNation, Inc. has a 12 month low of $148.33 and a 12 month high of $228.92. The firm has a market capitalization of $7.88 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 1.01 and a beta of 0.85.
AutoNation (NYSE:AN - Get Free Report) last released its earnings results on Thursday, October 23rd. The company reported $5.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.85 by $0.16. AutoNation had a return on equity of 31.12% and a net margin of 2.31%.The business had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.74 billion. During the same period last year, the business posted $4.02 earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts anticipate that AutoNation, Inc. will post 18.15 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on AN shares. Citigroup restated a "buy" rating on shares of AutoNation in a report on Thursday, September 25th. Wells Fargo & Company dropped their target price on AutoNation from $221.00 to $220.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 15th. Wall Street Zen lowered AutoNation from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. JPMorgan Chase & Co. lifted their price target on AutoNation from $205.00 to $230.00 and gave the stock a "neutral" rating in a report on Tuesday, October 14th. Finally, Stephens lifted their price target on AutoNation from $190.00 to $200.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $225.63.
Read Our Latest Stock Analysis on AutoNation
AutoNation Company 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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