Alliancebernstein L.P. boosted its position in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 851,870 shares of the company's stock after acquiring an additional 160,794 shares during the quarter. Alliancebernstein L.P. owned 2.15% of AutoNation worth $144,682,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC lifted its stake in shares of AutoNation by 581.8% in the 4th quarter. Fortitude Family Office LLC now owns 150 shares of the company's stock worth $25,000 after purchasing an additional 128 shares during the period. Global X Japan Co. Ltd. raised its position in AutoNation by 150.8% in the fourth quarter. Global X Japan Co. Ltd. now owns 158 shares of the company's stock worth $27,000 after acquiring an additional 95 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of AutoNation by 77.1% during the 4th 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. McIlrath & Eck LLC grew its position in shares of AutoNation by 16.4% during the 3rd quarter. McIlrath & Eck LLC now owns 964 shares of the company's stock valued at $172,000 after acquiring an additional 136 shares during the period. Finally, Curio Wealth LLC purchased a new stake in shares of AutoNation in the 4th quarter worth $197,000. Institutional investors own 94.62% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Stephens upped their price target on AutoNation from $195.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. 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 research note on Tuesday, February 18th. StockNews.com raised shares of AutoNation from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on shares of AutoNation from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, Guggenheim restated a "buy" rating on shares of AutoNation in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $201.86.
Get Our Latest Stock Report on AN
AutoNation Price Performance
Shares of AutoNation stock traded down $0.74 during trading on Friday, reaching $158.63. 688,564 shares of the stock traded hands, compared to its average volume of 452,014. AutoNation, Inc. has a 52-week low of $150.08 and a 52-week high of $198.50. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.21. The business has a fifty day simple moving average of $177.57 and a two-hundred day simple moving average of $173.63. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 9.36, a P/E/G ratio of 3.51 and a beta of 1.15.
AutoNation (NYSE:AN - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.26 by $0.71. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. Sell-side 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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