Sivia Capital Partners LLC Invests $232,000 in AutoNation, Inc. $AN

Key Points

• Sivia Capital Partners LLC has purchased a new stake in AutoNation, Inc., acquiring 1,168 shares worth approximately $232,000 during the second quarter.
• Several analysts have recently adjusted their target prices for AutoNation, with JPMorgan raising it from $185 to $205, while Wells Fargo increased theirs from $209 to $221.
• AutoNation reported a 7.6% increase in revenue year-over-year, totaling $6.97 billion for the quarter, and an earnings per share of $5.46, exceeding analyst estimates.

Sivia Capital Partners LLC acquired a new stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,168 shares of the company's stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AN. Curat Global LLC bought a new position in AutoNation during the first quarter worth about $36,000. Geneos Wealth Management Inc. boosted its position in AutoNation by 37.4% during the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the company's stock worth $38,000 after purchasing an additional 64 shares during the period. GAMMA Investing LLC boosted its position in AutoNation by 81.1% during the first quarter. GAMMA Investing LLC now owns 460 shares of the company's stock worth $74,000 after purchasing an additional 206 shares during the period. Parallel Advisors LLC boosted its position in AutoNation by 45.3% during the second quarter. Parallel Advisors LLC now owns 375 shares of the company's stock worth $74,000 after purchasing an additional 117 shares during the period. Finally, SVB Wealth LLC bought a new stake in shares of AutoNation during the first quarter valued at about $86,000. Institutional investors own 94.62% of the company's stock.

AutoNation Stock Performance

NYSE AN traded up $2.83 on Tuesday, reaching $222.17. 27,526 shares of the stock were exchanged, compared to its average volume of 475,157. The firm has a market capitalization of $8.38 billion, a PE ratio of 13.93, a PEG ratio of 1.00 and a beta of 0.88. The company has a current ratio of 0.81, a quick ratio of 0.21 and a debt-to-equity ratio of 1.84. AutoNation, Inc. has a one year low of $148.33 and a one year high of $228.92. The company's 50-day simple moving average is $209.90 and its two-hundred day simple moving average is $191.05.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Stephens upped their price target on AutoNation from $190.00 to $200.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 29th. Wall Street Zen cut AutoNation from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. Guggenheim decreased their price target on AutoNation from $230.00 to $228.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Morgan Stanley upped their price target on AutoNation from $195.00 to $220.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Finally, Bank of America decreased their price target on AutoNation from $255.00 to $250.00 and set a "buy" rating on the stock in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, AutoNation has an average rating of "Moderate Buy" and a consensus target price of $222.63.

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.