TD Private Client Wealth LLC purchased a new position in AutoNation, Inc. (NYSE:AN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,171 shares of the company's stock, valued at approximately $513,000.
Several other institutional investors have also modified their holdings of AN. Boston Partners grew its stake in shares of AutoNation by 12.6% during the fourth quarter. Boston Partners now owns 1,814,228 shares of the company's stock worth $309,312,000 after purchasing an additional 203,335 shares in the last quarter. Brave Warrior Advisors LLC grew its stake in shares of AutoNation by 50.3% during the fourth quarter. Brave Warrior Advisors LLC now owns 1,461,213 shares of the company's stock worth $248,172,000 after purchasing an additional 488,904 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in shares of AutoNation by 63.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,104,934 shares of the company's stock worth $187,662,000 after purchasing an additional 426,882 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of AutoNation by 23.3% during the fourth quarter. Alliancebernstein L.P. now owns 851,870 shares of the company's stock worth $144,682,000 after purchasing an additional 160,794 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in shares of 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 worth $97,658,000 after purchasing an additional 465,000 shares in the last quarter. Institutional investors and hedge funds own 94.62% of the company's stock.
AutoNation Price Performance
Shares of NYSE:AN opened at $214.95 on Friday. The company has a 50-day simple moving average of $191.66 and a 200-day simple moving average of $180.74. AutoNation, Inc. has a one year low of $148.33 and a one year high of $217.40. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.22 and a current ratio of 0.77. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 1.09 and a beta of 0.99.
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. AutoNation had a net margin of 2.51% and a return on equity of 30.08%. The business had revenue of $6.69 billion during the quarter, compared to analysts' expectations of $6.53 billion. During the same period in the prior year, the company earned $4.49 earnings per share. The business's revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that AutoNation, Inc. will post 18.15 EPS for the current year.
Analyst Ratings Changes
A number of brokerages recently commented on AN. Citigroup upgraded shares of AutoNation to a "strong-buy" rating in a research note on Thursday, April 24th. Cfra Research raised shares of AutoNation to a "strong-buy" rating in a research report on Friday, April 25th. Guggenheim reduced their price target 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. Wells Fargo & Company boosted their price target on shares of AutoNation from $187.00 to $209.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Bank of America boosted their price target on shares of AutoNation from $225.00 to $255.00 and gave the company a "buy" rating in a research report on Monday, June 16th. Three 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $209.88.
View Our Latest Report on AN
AutoNation Company Profile
(
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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