Pallas Capital Advisors LLC purchased a new stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,438 shares of the company's stock, valued at approximately $557,000.
Several other institutional investors also recently bought and sold shares of the stock. Curat Global LLC acquired a new stake in shares of AutoNation in the first quarter worth approximately $36,000. NewEdge Advisors LLC raised its position in AutoNation by 25.5% in the fourth quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock valued at $54,000 after purchasing an additional 64 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of AutoNation by 77.1% in the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company's stock valued at $84,000 after buying an additional 215 shares during the period. UMB Bank n.a. raised its holdings in shares of AutoNation by 56.8% in the 1st quarter. UMB Bank n.a. now owns 839 shares of the company's stock valued at $136,000 after buying an additional 304 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AutoNation in the 4th quarter valued at $183,000. 94.62% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on AutoNation from $195.00 to $175.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Guggenheim decreased their target price on AutoNation from $212.00 to $183.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Citigroup raised AutoNation to a "strong-buy" rating in a research report on Thursday, April 24th. Evercore ISI upped their price objective on AutoNation from $220.00 to $240.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Wall Street Zen raised AutoNation from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, AutoNation presently has a consensus rating of "Moderate Buy" and an average price target of $200.75.
Check Out Our Latest Stock Analysis on AutoNation
AutoNation Price Performance
NYSE AN traded down $2.70 during mid-day trading on Friday, hitting $189.26. The stock had a trading volume of 267,220 shares, compared to its average volume of 461,322. AutoNation, Inc. has a 52-week low of $148.33 and a 52-week high of $198.50. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 3.51 and a beta of 0.99. The company has a 50 day simple moving average of $178.75 and a 200 day simple moving average of $177.16. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39.
AutoNation (NYSE:AN - Get Free Report) last announced its 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. The firm had revenue of $6.69 billion for the quarter, compared to analysts' expectations of $6.53 billion. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. AutoNation's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.49 EPS. Equities analysts forecast that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.
About AutoNation
(
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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