AutoNation, Inc. (NYSE:AN) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in AutoNation, Inc. (NYSE:AN - Free Report) by 83.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,491 shares of the company's stock after selling 16,989 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in AutoNation were worth $593,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brave Warrior Advisors LLC boosted its holdings in shares of AutoNation by 50.3% in the 4th quarter. Brave Warrior Advisors LLC now owns 1,461,213 shares of the company's stock valued at $248,172,000 after buying an additional 488,904 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in AutoNation by 422.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 575,000 shares of the company's stock valued at $97,658,000 after acquiring an additional 465,000 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in AutoNation by 63.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,104,934 shares of the company's stock valued at $187,662,000 after acquiring an additional 426,882 shares during the last quarter. Cartenna Capital LP acquired a new stake in AutoNation in the fourth quarter valued at approximately $56,831,000. Finally, Norges Bank purchased a new position in AutoNation in the fourth quarter worth $38,136,000. 94.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AN has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Stephens increased their price target on AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. Evercore ISI boosted their price target on AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Cfra Research upgraded shares of AutoNation to a "strong-buy" rating in a report on Friday, April 25th. Finally, Wells Fargo & Company cut their price target on shares of AutoNation from $194.00 to $176.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $200.75.

AutoNation Stock Performance

Shares of NYSE AN traded up $1.32 during trading on Friday, reaching $183.92. 453,302 shares of the company traded hands, compared to its average volume of 459,126. The stock has a market cap of $6.93 billion, a P/E ratio of 10.86, a PEG ratio of 3.51 and a beta of 1.00. The firm's fifty day simple moving average is $173.49 and its 200 day simple moving average is $175.88. The company has a current ratio of 0.74, a quick ratio of 0.21 and a debt-to-equity ratio of 1.39. AutoNation, Inc. has a 12-month low of $148.33 and a 12-month high of $198.50.

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

About AutoNation

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.