JPMorgan Chase & Co. Sells 40,465 Shares of AutoNation, Inc. (NYSE:AN)

JPMorgan Chase & Co. decreased its position in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 18.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,698 shares of the company's stock after selling 40,465 shares during the quarter. JPMorgan Chase & Co. owned 0.46% of AutoNation worth $32,688,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of AutoNation in the 2nd quarter valued at $37,000. Venturi Wealth Management LLC grew its holdings in AutoNation by 403.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company's stock worth $50,000 after acquiring an additional 226 shares in the last quarter. GAMMA Investing LLC raised its stake in AutoNation by 54.0% in the third quarter. GAMMA Investing LLC now owns 311 shares of the company's stock valued at $56,000 after buying an additional 109 shares in the last quarter. Quarry LP raised its position in shares of AutoNation by 498.5% during the 2nd quarter. Quarry LP now owns 407 shares of the company's stock worth $65,000 after acquiring an additional 339 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of AutoNation by 1,507.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 884 shares of the company's stock worth $141,000 after buying an additional 829 shares during the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on AN. Bank of America dropped their price objective on shares of AutoNation from $220.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Guggenheim decreased their target price on shares of AutoNation from $190.00 to $189.00 and set a "buy" rating on the stock in a research report on Thursday, November 21st. Stephens started coverage on AutoNation in a research note on Thursday, September 12th. They set an "overweight" rating and a $210.00 price target for the company. Morgan Stanley raised shares of AutoNation from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $145.00 to $200.00 in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. reduced their price target on AutoNation from $190.00 to $180.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $199.29.

AutoNation Stock Performance

NYSE:AN traded up $0.25 during trading hours on Tuesday, reaching $173.24. 405,244 shares of the stock were exchanged, compared to its average volume of 377,011. The firm has a 50 day simple moving average of $170.73 and a 200-day simple moving average of $169.92. AutoNation, Inc. has a 52 week low of $133.13 and a 52 week high of $197.18. The stock has a market capitalization of $6.87 billion, a P/E ratio of 9.99, a P/E/G ratio of 3.63 and a beta of 1.26. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58.

AutoNation Company 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.