Allspring Global Investments Holdings LLC boosted its position in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 351.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,679 shares of the company's stock after acquiring an additional 11,431 shares during the period. Allspring Global Investments Holdings LLC's holdings in AutoNation were worth $2,453,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of AN. International Assets Investment Management LLC acquired a new position in AutoNation during the 3rd quarter valued at approximately $131,250,000. Mount Yale Investment Advisors LLC raised its stake in shares of AutoNation by 12.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 2,304 shares of the company's stock worth $412,000 after purchasing an additional 251 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of AutoNation by 5.8% during the third quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the company's stock worth $1,306,000 after purchasing an additional 400 shares during the period. Arkadios Wealth Advisors purchased a new stake in AutoNation in the third quarter valued at approximately $201,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in AutoNation by 2.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,845 shares of the company's stock worth $509,000 after buying an additional 62 shares during the period. 94.62% of the stock is currently owned by institutional investors and hedge funds.
AutoNation Price Performance
AN traded up $1.68 on Tuesday, hitting $183.50. 313,658 shares of the company's stock were exchanged, compared to its average volume of 452,496. The firm has a 50-day moving average price of $181.56 and a 200-day moving average price of $174.28. The company has a current ratio of 0.74, a quick ratio of 0.21 and a debt-to-equity ratio of 1.39. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 3.51 and a beta of 1.25. AutoNation, Inc. has a fifty-two week low of $139.54 and a fifty-two week high of $198.50.
AutoNation (NYSE:AN - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, topping the consensus estimate of $4.26 by $0.71. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. As a group, equities analysts anticipate that AutoNation, Inc. will post 18.15 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have recently commented on AN. JPMorgan Chase & Co. upped their price objective on shares of AutoNation from $180.00 to $195.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Evercore ISI upped their target price on AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Wells Fargo & Company boosted their target price on shares of AutoNation from $170.00 to $194.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. Guggenheim reiterated a "buy" rating on shares of AutoNation in a research report on Wednesday, February 12th. Finally, StockNews.com upgraded AutoNation from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, AutoNation currently has an average rating of "Moderate Buy" and an average target price of $204.71.
View Our Latest Report on AutoNation
About AutoNation
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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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