Quantinno Capital Management LP Decreases Position in AutoNation, Inc. (NYSE:AN)

Quantinno Capital Management LP lessened its stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,523 shares of the company's stock after selling 3,106 shares during the period. Quantinno Capital Management LP owned 0.06% of AutoNation worth $4,165,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. NewEdge Advisors LLC raised its holdings in AutoNation by 25.5% in the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock valued at $54,000 after acquiring an additional 64 shares during the last quarter. CIBC Asset Management Inc raised its holdings in AutoNation by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,290 shares of the company's stock valued at $219,000 after acquiring an additional 68 shares during the last quarter. Strengthening Families & Communities LLC raised its holdings in AutoNation by 2.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 3,472 shares of the company's stock valued at $590,000 after acquiring an additional 69 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in AutoNation by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 11,171 shares of the company's stock valued at $1,897,000 after acquiring an additional 70 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in AutoNation by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 3,866 shares of the company's stock valued at $657,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 94.62% of the company's stock.

AutoNation Trading Up 0.9%

Shares of NYSE:AN traded up $1.64 during mid-day trading on Friday, reaching $182.23. 423,290 shares of the company were exchanged, compared to its average volume of 459,321. 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 market cap of $6.87 billion, a price-to-earnings ratio of 10.76, a P/E/G ratio of 3.51 and a beta of 1.00. The firm's 50-day simple moving average is $172.19 and its 200 day simple moving average is $175.35. AutoNation, Inc. has a 1 year low of $148.33 and a 1 year high of $198.50.

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

Analyst Ratings Changes

A number of analysts have commented on AN shares. Guggenheim cut their price objective 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. Stephens increased their price objective on shares of AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Cfra Research upgraded shares of AutoNation to a "strong-buy" rating in a report on Friday, April 25th. Wells Fargo & Company dropped their price target on shares of AutoNation from $194.00 to $176.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Finally, Wall Street Zen raised shares of 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 assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $200.75.

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.