LSV Asset Management Has $97.96 Million Stake in AutoNation, Inc. (NYSE:AN)

Key Points

• LSV Asset Management has reduced its stake in AutoNation by 10.6% in Q1, now holding approximately 604,994 shares valued at $97.96 million.
• Several hedge funds increased their holdings in AutoNation, with Sei Investments and Norges Bank making significant additions in Q4.
• AutoNation reported a quarterly earnings per share of $5.46, exceeding analysts' expectations and reflecting a 7.6% revenue growth year-over-year.

LSV Asset Management decreased its position in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 604,994 shares of the company's stock after selling 71,621 shares during the period. LSV Asset Management owned about 1.60% of AutoNation worth $97,961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AN. Sei Investments Co. increased its holdings in shares of AutoNation by 8.7% in the fourth quarter. Sei Investments Co. now owns 15,697 shares of the company's stock valued at $2,667,000 after purchasing an additional 1,253 shares in the last quarter. Norges Bank acquired a new stake in shares of AutoNation in the fourth quarter valued at approximately $38,136,000. Pictet Asset Management Holding SA increased its holdings in shares of AutoNation by 7.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,954 shares of the company's stock valued at $672,000 after purchasing an additional 270 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of AutoNation by 15.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 1,296 shares of the company's stock valued at $220,000 after purchasing an additional 173 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of AutoNation by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 435,363 shares of the company's stock valued at $73,965,000 after purchasing an additional 1,633 shares in the last quarter. Institutional investors and hedge funds own 94.62% of the company's stock.

Analyst Ratings Changes

AN has been the subject of a number of research reports. Guggenheim lowered 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. Citigroup raised shares of AutoNation to a "strong-buy" rating in a report on Thursday, April 24th. Stephens raised their price target 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 raised shares of AutoNation from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Finally, Bank of America lifted their target price on shares of AutoNation from $225.00 to $255.00 and gave the stock a "buy" rating in a report on Monday, June 16th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, AutoNation currently has an average rating of "Moderate Buy" and a consensus target price of $211.38.

AutoNation Stock Down 1.1%

Shares of NYSE AN opened at $190.58 on Friday. AutoNation, Inc. has a 52-week low of $148.33 and a 52-week high of $217.40. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.22 and a current ratio of 0.81. The stock has a market cap of $7.19 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.96 and a beta of 0.89. The firm has a 50 day moving average price of $197.09 and a 200 day moving average price of $183.86.

AutoNation (NYSE:AN - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The company reported $5.46 earnings per share for the quarter, topping analysts' consensus estimates of $4.70 by $0.76. AutoNation had a net margin of 2.31% and a return on equity of 31.12%. The company had revenue of $6.97 billion for the quarter, compared to analysts' expectations of $6.77 billion. During the same period last year, the firm posted $3.99 earnings per share. The business's quarterly revenue was up 7.6% compared to the same quarter last year. Analysts expect that AutoNation, Inc. will post 18.15 EPS for the current year.

AutoNation Company 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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