GAMMA Investing LLC Has $12.06 Million Position in AutoNation, Inc. (NYSE:AN)

GAMMA Investing LLC increased its position in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 29,224.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,483 shares of the company's stock after purchasing an additional 74,229 shares during the period. GAMMA Investing LLC owned approximately 0.19% of AutoNation worth $12,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. 111 Capital bought a new stake in shares of AutoNation in the fourth quarter valued at approximately $235,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of AutoNation in the fourth quarter valued at approximately $3,291,000. Peak Retirement Planning Inc. bought a new stake in shares of AutoNation in the fourth quarter valued at approximately $952,000. Public Employees Retirement System of Ohio boosted its stake in shares of AutoNation by 2.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 23,002 shares of the company's stock valued at $3,907,000 after buying an additional 525 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of AutoNation by 5.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,954 shares of the company's stock valued at $15,108,000 after buying an additional 4,210 shares during the period. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Price Performance

Shares of NYSE AN traded up $1.29 during mid-day trading on Friday, hitting $187.15. 250,072 shares of the stock traded hands, compared to its average volume of 460,142. The company has a market cap of $7.06 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 3.51 and a beta of 0.99. AutoNation, Inc. has a twelve month low of $148.33 and a twelve month high of $198.50. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.21. The firm has a 50 day simple moving average of $175.57 and a two-hundred day simple moving average of $176.66.

AutoNation (NYSE:AN - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $4.68 EPS for the quarter, beating analysts' consensus estimates of $4.35 by $0.33. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. The firm had revenue of $6.69 billion for the quarter, compared to analyst estimates of $6.53 billion. During the same period last year, the firm posted $4.49 earnings per share. The business's revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities research analysts forecast that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.

Analyst Ratings Changes

AN has been the subject of a number of recent analyst reports. Guggenheim cut their price target on shares of AutoNation from $212.00 to $183.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen upgraded AutoNation from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th. Wells Fargo & Company reduced their target price on AutoNation from $194.00 to $176.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. lowered their price target on AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Finally, Cfra Research upgraded AutoNation to a "strong-buy" rating in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $200.75.

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.