Dynamic Technology Lab Private Ltd Purchases Shares of 3,513 AutoNation, Inc. $AN

Key Points

• Dynamic Technology Lab Private Ltd acquired 3,513 shares of AutoNation, valued at approximately $569,000, during the first quarter.
• Several hedge funds, including GAMMA Investing LLC and UMB Bank n.a., have significantly increased their stakes in AutoNation, indicating strong institutional interest.
• Analysts have set a consensus target price of $222.63 for AutoNation, with ratings ranging from "Strong Buy" to "Hold," reflecting positive outlooks from multiple firms.

Dynamic Technology Lab Private Ltd purchased a new stake in AutoNation, Inc. (NYSE:AN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,513 shares of the company's stock, valued at approximately $569,000.

Several other hedge funds have also modified their holdings of AN. Curat Global LLC purchased a new stake in shares of AutoNation during the 1st quarter worth about $36,000. GAMMA Investing LLC boosted its stake in shares of AutoNation by 81.1% during the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $74,000 after acquiring an additional 206 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of AutoNation during the 1st quarter worth about $86,000. UMB Bank n.a. boosted its stake in shares of AutoNation by 56.8% during the 1st quarter. UMB Bank n.a. now owns 839 shares of the company's stock worth $136,000 after acquiring an additional 304 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of 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 acquiring an additional 816 shares in the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Guggenheim lowered their target price on shares of AutoNation from $230.00 to $228.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Morgan Stanley increased their target price on shares of AutoNation from $195.00 to $220.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. increased their target price on shares of AutoNation from $185.00 to $205.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Stephens increased their target price on shares of AutoNation from $190.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 29th. Finally, Wells Fargo & Company increased their target price on shares of AutoNation from $209.00 to $221.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Two equities research 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, AutoNation presently has a consensus rating of "Moderate Buy" and a consensus target price of $222.63.

AutoNation Stock Down 0.7%

Shares of AN opened at $223.52 on Thursday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.21 and a current ratio of 0.81. AutoNation, Inc. has a one year low of $148.33 and a one year high of $228.92. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.10 and a beta of 0.89. The stock has a 50 day moving average price of $208.55 and a 200 day moving average price of $188.46.

AutoNation (NYSE:AN - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported $5.46 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 firm had revenue of $6.97 billion during the quarter, compared to analysts' expectations of $6.77 billion. During the same period in the previous year, the business earned $3.99 earnings per share. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts forecast that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

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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