31,000 Shares in AutoNation, Inc. (NYSE:AN) Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP purchased a new position in shares of AutoNation, Inc. (NYSE:AN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,000 shares of the company's stock, valued at approximately $5,265,000. Hudson Bay Capital Management LP owned 0.08% of AutoNation at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. lifted its position in shares of AutoNation by 150.8% during the fourth quarter. Global X Japan Co. Ltd. now owns 158 shares of the company's stock worth $27,000 after purchasing an additional 95 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in AutoNation by 25.5% in the fourth 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. Farther Finance Advisors LLC lifted its holdings in AutoNation by 77.1% in the fourth quarter. Farther Finance Advisors LLC now owns 494 shares of the company's stock worth $84,000 after acquiring an additional 215 shares during the last quarter. Curio Wealth LLC bought a new position in AutoNation in the fourth quarter worth about $197,000. Finally, Wedmont Private Capital bought a new position in AutoNation in the fourth quarter worth about $207,000. Hedge funds and other institutional investors own 94.62% of the company's stock.

AutoNation Price Performance

NYSE:AN traded down $0.53 during trading hours on Friday, reaching $190.17. 386,144 shares of the company's stock were exchanged, compared to its average volume of 456,857. The company has a market capitalization of $7.17 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 3.51 and a beta of 1.00. AutoNation, Inc. has a 12 month low of $148.33 and a 12 month high of $198.50. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39. The business's 50-day simple moving average is $169.49 and its two-hundred day simple moving average is $174.19.

AutoNation (NYSE:AN - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $4.68 earnings per share for the quarter, topping 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 net margin of 2.59% and a return on equity of 30.48%. The firm's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $4.49 earnings per share. Sell-side analysts expect that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.

Analyst Ratings Changes

AN has been the topic of a number of recent research reports. Evercore ISI raised their target price on shares of AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Cfra Research upgraded shares of AutoNation to a "strong-buy" rating in a research note on Friday, April 25th. StockNews.com upgraded shares of AutoNation from a "hold" rating to a "buy" rating in a research note on Saturday, May 10th. Citigroup upgraded shares of AutoNation to a "strong-buy" rating in a research note on Thursday, April 24th. Finally, Guggenheim lowered their price objective on shares of AutoNation from $212.00 to $183.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $200.75.

AutoNation Profile

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.