Invesco LLC purchased a new position in shares of AutoNation, Inc. (NYSE:AN - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,168 shares of the company's stock, valued at approximately $232,000.
Several other hedge funds and other institutional investors have also modified their holdings of AN. ProShare Advisors LLC raised its holdings in shares of AutoNation by 7.2% in the 4th quarter. ProShare Advisors LLC now owns 1,223 shares of the company's stock valued at $208,000 after buying an additional 82 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in AutoNation in the 4th quarter valued at about $3,291,000. GAMMA Investing LLC increased its stake in AutoNation by 29,224.0% during the first quarter. GAMMA Investing LLC now owns 74,483 shares of the company's stock worth $12,060,000 after purchasing an additional 74,229 shares during the period. Rhumbline Advisers increased its stake in AutoNation by 8.3% during the first quarter. Rhumbline Advisers now owns 80,738 shares of the company's stock worth $13,073,000 after purchasing an additional 6,169 shares during the period. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of AutoNation during the first quarter worth about $205,000. 94.62% of the stock is currently owned by hedge funds and other institutional investors.
AutoNation Price Performance
Shares of AN opened at $217.50 on Monday. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 1.00 and a beta of 0.88. The firm's fifty day simple moving average is $211.32 and its 200-day simple moving average is $192.61. AutoNation, Inc. has a twelve month low of $148.33 and a twelve month high of $228.92. The company has a current ratio of 0.81, a quick ratio of 0.21 and a debt-to-equity ratio of 1.84.
AutoNation (NYSE:AN - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported $5.46 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.77 billion. During the same quarter in the prior year, the company posted $3.99 earnings per share. AutoNation's revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts forecast that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently weighed in on AN. Stephens lifted their price objective on shares of AutoNation from $190.00 to $200.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Wall Street Zen cut shares of AutoNation from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Guggenheim reduced their price objective on AutoNation from $230.00 to $228.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Wells Fargo & Company lifted their target price on AutoNation from $209.00 to $221.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Bank of America lowered their target price on AutoNation from $255.00 to $250.00 and set a "buy" rating for the company in a research note on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $222.63.
View Our Latest Research Report on AN
AutoNation Company Profile
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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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