Tudor Investment Corp ET AL Has $1.34 Million Stake in AutoNation, Inc. $AN

Key Points

• 51.2% reduction: Tudor Investment Corp ET AL cut its AutoNation stake by 51.2% in Q3, selling 6,448 shares and retaining 6,139 shares worth about $1.34 million.
• Positive analyst backdrop: AutoNation carries a MarketBeat average rating of "Moderate Buy" with an average price target of $248.67 and recent upgrades/price-target raises from firms including Morgan Stanley, JPMorgan (to overweight) and Bank of America (initiated buy).
• Mixed fundamentals: the company beat EPS expectations ($5.08 vs. $4.91) but revenue missed and fell 3.9% YoY; the stock trades at a P/E of 11.28, market cap ~$6.6B, and is 94.62% institutionally owned.

Tudor Investment Corp ET AL lowered its position in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 51.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,139 shares of the company's stock after selling 6,448 shares during the period. Tudor Investment Corp ET AL's holdings in AutoNation were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC increased its position in AutoNation by 0.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 6,288 shares of the company's stock worth $1,376,000 after buying an additional 55 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of AutoNation by 13.3% in the third quarter. CIBC Private Wealth Group LLC now owns 519 shares of the company's stock valued at $114,000 after acquiring an additional 61 shares during the period. Crestwood Advisors Group LLC boosted its position in shares of AutoNation by 3.2% in the third quarter. Crestwood Advisors Group LLC now owns 2,076 shares of the company's stock valued at $454,000 after acquiring an additional 64 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of AutoNation by 37.4% in the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the company's stock valued at $38,000 after acquiring an additional 64 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in AutoNation by 1.4% during the third quarter. Concurrent Investment Advisors LLC now owns 5,540 shares of the company's stock worth $1,212,000 after acquiring an additional 77 shares during the period. 94.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AN has been the subject of a number of recent research reports. Stephens boosted their price objective on shares of AutoNation from $228.00 to $232.00 and gave the company an "equal weight" rating in a report on Wednesday, February 11th. Morgan Stanley boosted their price target on AutoNation from $233.00 to $238.00 and gave the company an "overweight" rating in a research note on Monday, March 2nd. Wells Fargo & Company increased their price target on AutoNation from $222.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Sunday, February 8th. JPMorgan Chase & Co. upgraded AutoNation from a "neutral" rating to an "overweight" rating and set a $235.00 price objective on the stock in a research note on Friday, January 16th. Finally, Bank of America assumed coverage on AutoNation in a report on Wednesday, March 4th. They issued a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $248.67.

AutoNation Stock Performance

Shares of NYSE:AN opened at $192.36 on Monday. The company's 50 day simple moving average is $200.12 and its 200 day simple moving average is $206.81. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 11.28 and a beta of 0.89. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.84 and a quick ratio of 0.22. AutoNation, Inc. has a 1 year low of $148.33 and a 1 year high of $228.92.

AutoNation (NYSE:AN - Get Free Report) last released its earnings results on Friday, February 6th. The company reported $5.08 earnings per share for the quarter, topping the consensus estimate of $4.91 by $0.17. The firm had revenue of $6.93 billion during the quarter, compared to analysts' expectations of $7.21 billion. AutoNation had a return on equity of 31.69% and a net margin of 2.35%.The company's quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $4.97 earnings per share. As a group, research analysts predict that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.

AutoNation Profile

AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.

Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.

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