Rhumbline Advisers lifted its holdings in AutoNation, Inc. (NYSE:AN - Free Report) by 8.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 80,738 shares of the company's stock after purchasing an additional 6,169 shares during the period. Rhumbline Advisers owned about 0.21% of AutoNation worth $13,073,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of AN. NewEdge Advisors LLC lifted its position in shares of AutoNation by 25.5% in the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock worth $54,000 after purchasing an additional 64 shares during the period. Farther Finance Advisors LLC lifted its position in AutoNation by 77.1% during the fourth quarter. Farther Finance Advisors LLC now owns 494 shares of the company's stock valued at $84,000 after acquiring an additional 215 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in AutoNation during the fourth quarter valued at approximately $183,000. Curio Wealth LLC purchased a new stake in AutoNation during the fourth quarter valued at approximately $197,000. Finally, ProShare Advisors LLC lifted its position in AutoNation by 7.2% during the fourth quarter. ProShare Advisors LLC now owns 1,223 shares of the company's stock valued at $208,000 after acquiring an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 94.62% of the company's stock.
Wall Street Analysts Forecast Growth
AN has been the subject of a number of analyst reports. Guggenheim decreased their target price on shares of AutoNation from $212.00 to $183.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Stephens increased their target price on shares of AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. Evercore ISI increased their target price on shares of AutoNation from $220.00 to $240.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Wall Street Zen raised shares of AutoNation from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th. Finally, Wells Fargo & Company decreased their target price on shares of AutoNation from $194.00 to $176.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, AutoNation presently has a consensus rating of "Moderate Buy" and an average target price of $200.75.
Get Our Latest Research Report on AN
AutoNation Stock Performance
Shares of NYSE AN traded up $1.26 during midday trading on Wednesday, reaching $194.38. The company had a trading volume of 330,652 shares, compared to its average volume of 460,517. The business's 50-day simple moving average is $177.39 and its 200 day simple moving average is $177.01. The stock has a market cap of $7.33 billion, a P/E ratio of 11.47, a P/E/G ratio of 3.51 and a beta of 0.99. AutoNation, Inc. has a 1 year low of $148.33 and a 1 year high of $198.50. 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 (NYSE:AN - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The company reported $4.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.35 by $0.33. The business 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 business's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company posted $4.49 earnings per share. On average, analysts forecast that AutoNation, Inc. will post 18.15 earnings per share 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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