UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in AutoNation, Inc. (NYSE:AN - Free Report) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,954 shares of the company's stock after purchasing an additional 4,210 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.22% of AutoNation worth $15,108,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings 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 acquiring an additional 64 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in AutoNation by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 327,165 shares of the company's stock worth $55,566,000 after purchasing an additional 6,277 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of AutoNation during the fourth quarter worth $503,000. Foster & Motley Inc. grew its stake in shares of AutoNation by 97.4% in the fourth quarter. Foster & Motley Inc. now owns 11,640 shares of the company's stock valued at $1,977,000 after buying an additional 5,742 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of AutoNation in the 4th quarter valued at $38,136,000. Hedge funds and other institutional investors own 94.62% of the company's stock.
AutoNation Stock Performance
NYSE AN traded up $3.54 during trading hours on Tuesday, hitting $185.30. The company had a trading volume of 93,842 shares, compared to its average volume of 458,195. The business has a 50 day moving average of $173.70 and a 200-day moving average of $176.12. The company has a market cap of $6.99 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 3.51 and a beta of 1.00. AutoNation, Inc. has a 1-year low of $148.33 and a 1-year high of $198.50. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.74.
AutoNation (NYSE:AN - Get Free Report) last announced its earnings results on Friday, April 25th. The company reported $4.68 earnings per share (EPS) for the quarter, beating 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 return on equity of 30.48% and a net margin of 2.59%. The business's revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $4.49 EPS. As a group, equities research analysts expect that AutoNation, Inc. will post 18.15 EPS for the current year.
Analysts Set New Price Targets
Several analysts have recently issued reports on AN shares. Wall Street Zen raised shares of AutoNation from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th. Guggenheim reduced their price target on AutoNation from $212.00 to $183.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Stephens boosted their price objective on AutoNation from $195.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. Wells Fargo & Company reduced their target price on shares of AutoNation from $194.00 to $176.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Finally, Cfra Research upgraded shares of AutoNation to a "strong-buy" rating in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.75.
Check Out Our Latest Analysis on AutoNation
About AutoNation
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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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