Kestra Investment Management LLC Takes $585,000 Position in AutoNation, Inc. (NYSE:AN)

Kestra Investment Management LLC purchased a new stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,272 shares of the company's stock, valued at approximately $585,000.

Several other institutional investors have also added to or reduced their stakes in AN. GAMMA Investing LLC lifted its stake in AutoNation by 90.6% in the second quarter. GAMMA Investing LLC now owns 202 shares of the company's stock worth $32,000 after acquiring an additional 96 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of AutoNation during the 2nd quarter valued at about $37,000. Venturi Wealth Management LLC increased its position in shares of AutoNation by 403.6% during the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company's stock valued at $50,000 after buying an additional 226 shares during the period. Quarry LP raised its stake in AutoNation by 498.5% in the second quarter. Quarry LP now owns 407 shares of the company's stock worth $65,000 after buying an additional 339 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of AutoNation during the 2nd quarter worth approximately $103,000. Hedge funds and other institutional investors own 94.62% of the company's stock.

AutoNation Price Performance

Shares of NYSE AN traded up $1.71 during mid-day trading on Monday, reaching $180.60. The company's stock had a trading volume of 152,993 shares, compared to its average volume of 433,108. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. AutoNation, Inc. has a 52 week low of $133.01 and a 52 week high of $197.18. The stock has a fifty day moving average of $168.10 and a two-hundred day moving average of $168.85. The firm has a market capitalization of $7.16 billion, a PE ratio of 10.27, a P/E/G ratio of 3.75 and a beta of 1.21.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of AutoNation from $190.00 to $180.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Morgan Stanley upgraded shares of AutoNation from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $145.00 to $200.00 in a report on Wednesday, September 25th. Bank of America reduced their price objective on AutoNation from $220.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Stephens assumed coverage on AutoNation in a research note on Thursday, September 12th. They issued an "overweight" rating and a $210.00 target price on the stock. Finally, Wells Fargo & Company lowered their price target on AutoNation from $187.00 to $181.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.29.

About AutoNation

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.