Horizon Kinetics Asset Management LLC decreased its stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 282,198 shares of the company's stock after selling 4,565 shares during the period. AutoNation accounts for about 0.6% of Horizon Kinetics Asset Management LLC's portfolio, making the stock its 16th largest holding. Horizon Kinetics Asset Management LLC owned 0.71% of AutoNation worth $47,929,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Atria Investments Inc bought a new stake in AutoNation in the 3rd quarter valued at $507,000. Crossmark Global Holdings Inc. boosted its position in shares of AutoNation by 8.8% in the third quarter. Crossmark Global Holdings Inc. now owns 1,701 shares of the company's stock valued at $305,000 after acquiring an additional 137 shares during the period. Victory Capital Management Inc. boosted its position in shares of AutoNation by 3.4% in the third quarter. Victory Capital Management Inc. now owns 11,323 shares of the company's stock valued at $2,026,000 after acquiring an additional 368 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of AutoNation by 9.9% in the third quarter. Oppenheimer & Co. Inc. now owns 8,503 shares of the company's stock valued at $1,521,000 after acquiring an additional 763 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in AutoNation during the third quarter worth about $219,000. Institutional investors and hedge funds own 94.62% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. Guggenheim reissued a "buy" rating on shares of AutoNation in a report on Wednesday, February 12th. Wells Fargo & Company increased their price target on AutoNation from $170.00 to $194.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised their price objective on AutoNation from $180.00 to $195.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. StockNews.com upgraded AutoNation from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Finally, Evercore ISI increased 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $204.71.
View Our Latest Analysis on AN
AutoNation Price Performance
Shares of AN stock traded up $1.33 during trading hours on Friday, reaching $167.02. The company's stock had a trading volume of 443,387 shares, compared to its average volume of 437,506. AutoNation, Inc. has a fifty-two week low of $150.08 and a fifty-two week high of $198.50. The firm's 50 day simple moving average is $181.01 and its 200-day simple moving average is $173.60. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 3.51 and a beta of 1.32.
AutoNation (NYSE:AN - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that AutoNation, Inc. will post 18.15 earnings per share for the current year.
About AutoNation
(
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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