Greenland Capital Management LP boosted its holdings in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 165.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,544 shares of the company's stock after buying an additional 30,864 shares during the period. AutoNation makes up 1.4% of Greenland Capital Management LP's holdings, making the stock its 17th largest position. Greenland Capital Management LP owned approximately 0.12% of AutoNation worth $8,415,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Fortitude Family Office LLC raised its position in shares of AutoNation by 581.8% in the 4th quarter. Fortitude Family Office LLC now owns 150 shares of the company's stock valued at $25,000 after purchasing an additional 128 shares during the last quarter. Global X Japan Co. Ltd. raised its holdings in shares of 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 buying an additional 95 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of AutoNation by 77.1% during the fourth quarter. Farther Finance Advisors LLC now owns 494 shares of the company's stock valued at $84,000 after buying an additional 215 shares during the last quarter. McIlrath & Eck LLC grew its holdings in shares of AutoNation by 16.4% during the third quarter. McIlrath & Eck LLC now owns 964 shares of the company's stock valued at $172,000 after buying an additional 136 shares during the last quarter. Finally, Curio Wealth LLC acquired a new position in shares of AutoNation in the 4th quarter valued at $197,000. Institutional investors and hedge funds own 94.62% of the company's stock.
AutoNation Price Performance
AN traded up $1.64 during midday trading on Friday, hitting $167.94. 525,099 shares of the company traded hands, compared to its average volume of 458,057. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 3.51 and a beta of 1.15. The business has a 50 day simple moving average of $174.21 and a two-hundred day simple moving average of $173.06. The company has a current ratio of 0.74, a quick ratio of 0.21 and a debt-to-equity ratio of 1.39. AutoNation, Inc. has a 52-week low of $148.33 and a 52-week high of $198.50.
AutoNation (NYSE:AN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, beating analysts' consensus estimates of $4.26 by $0.71. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. On average, equities analysts forecast that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.
Analysts Set New Price Targets
AN has been the topic of several research analyst reports. StockNews.com downgraded AutoNation from a "buy" rating to a "hold" rating in a research note on Wednesday. Evercore ISI raised their target price on AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Stephens boosted their target price on shares of AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. Wells Fargo & Company raised their price target on shares of AutoNation from $170.00 to $194.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. Finally, Guggenheim reiterated a "buy" rating on shares of AutoNation in a research report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $201.86.
Check Out Our Latest Research 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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