Occudo Quantitative Strategies LP Reduces Holdings in AutoNation, Inc. (NYSE:AN)

Occudo Quantitative Strategies LP lowered its holdings in AutoNation, Inc. (NYSE:AN - Free Report) by 64.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,929 shares of the company's stock after selling 3,506 shares during the period. Occudo Quantitative Strategies LP's holdings in AutoNation were worth $328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brave Warrior Advisors LLC boosted its stake in shares of AutoNation by 50.3% in the 4th quarter. Brave Warrior Advisors LLC now owns 1,461,213 shares of the company's stock valued at $248,172,000 after purchasing an additional 488,904 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of AutoNation by 422.7% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 575,000 shares of the company's stock valued at $97,658,000 after purchasing an additional 465,000 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of AutoNation by 63.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,104,934 shares of the company's stock valued at $187,662,000 after purchasing an additional 426,882 shares in the last quarter. Cartenna Capital LP purchased a new stake in AutoNation during the 4th quarter valued at about $56,831,000. Finally, Norges Bank bought a new position in AutoNation during the 4th quarter worth approximately $38,136,000. Institutional investors own 94.62% of the company's stock.

AutoNation Stock Performance

Shares of NYSE AN traded down $1.23 during trading on Tuesday, reaching $187.17. 257,855 shares of the company traded hands, compared to its average volume of 457,043. AutoNation, Inc. has a 52-week low of $148.33 and a 52-week high of $198.50. The stock has a market capitalization of $7.06 billion, a PE ratio of 11.05, a P/E/G ratio of 3.51 and a beta of 1.00. The firm has a 50 day simple moving average of $170.45 and a 200-day simple moving average of $174.88. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39.

AutoNation (NYSE:AN - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $4.68 EPS for the quarter, topping the consensus estimate of $4.35 by $0.33. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. The firm had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.53 billion. During the same quarter in the previous year, the firm earned $4.49 earnings per share. The company's quarterly revenue was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that AutoNation, Inc. will post 18.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company cut their price target 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. Guggenheim decreased their price objective on shares of AutoNation from $212.00 to $183.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price on AutoNation from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Cfra Research upgraded shares of AutoNation to a "strong-buy" rating in a report on Friday, April 25th. Finally, Evercore ISI increased their target price on AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Three equities research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.