Hsbc Holdings PLC lessened its stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 20.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,966 shares of the company's stock after selling 2,111 shares during the quarter. Hsbc Holdings PLC's holdings in AutoNation were worth $1,348,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in AutoNation by 25.5% in the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company's stock valued at $54,000 after acquiring an additional 64 shares during the last quarter. Retirement Systems of Alabama grew its position in shares of AutoNation by 142.2% in the third quarter. Retirement Systems of Alabama now owns 73,429 shares of the company's stock valued at $13,138,000 after purchasing an additional 43,113 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of AutoNation by 2.0% during the 4th 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 during the last quarter. Whalen Wealth Management Inc. purchased a new stake in AutoNation in the 4th quarter valued at approximately $255,000. Finally, Assenagon Asset Management S.A. acquired a new stake in AutoNation during the 4th quarter valued at $13,239,000. 94.62% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
AN has been the topic of a number of analyst reports. Stephens increased their price objective on AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price target on shares of AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Guggenheim reduced their price target on AutoNation from $212.00 to $183.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Evercore ISI increased their price target on shares of AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company lowered their price objective on AutoNation from $194.00 to $176.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, AutoNation presently has an average rating of "Moderate Buy" and an average target price of $200.75.
View Our Latest Analysis on AN
AutoNation Trading Up 1.0 %
Shares of AN stock traded up $1.67 during trading hours on Thursday, reaching $177.25. The company's stock had a trading volume of 59,342 shares, compared to its average volume of 453,910. AutoNation, Inc. has a one year low of $148.33 and a one year high of $198.50. The stock has a market capitalization of $6.68 billion, a P/E ratio of 10.46, a P/E/G ratio of 3.51 and a beta of 1.00. The firm's fifty day simple moving average is $167.68 and its 200 day simple moving average is $173.13. 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 issued its earnings results on Friday, April 25th. The company reported $4.68 EPS for the quarter, topping analysts' consensus estimates of $4.35 by $0.33. The business had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.53 billion. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.49 EPS. Equities research analysts expect that AutoNation, Inc. will post 18.15 EPS for the current year.
AutoNation Company Profile
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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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