Invesco Ltd. lowered its stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 6.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 661,456 shares of the company's stock after selling 42,644 shares during the period. Invesco Ltd. owned approximately 1.67% of AutoNation worth $112,342,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Bank of Montreal Can increased its holdings in AutoNation by 9.4% in the 4th quarter. Bank of Montreal Can now owns 5,867 shares of the company's stock valued at $996,000 after buying an additional 506 shares during the period. Landscape Capital Management L.L.C. acquired a new position in AutoNation in the fourth quarter worth about $633,000. ExodusPoint Capital Management LP bought a new position in AutoNation during the fourth quarter worth about $1,455,000. Arete Wealth Advisors LLC boosted its holdings in AutoNation by 54.0% during the fourth quarter. Arete Wealth Advisors LLC now owns 5,172 shares of the company's stock valued at $878,000 after purchasing an additional 1,813 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of AutoNation by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 435,363 shares of the company's stock valued at $73,965,000 after purchasing an additional 1,633 shares during the period. Institutional investors own 94.62% of the company's stock.
AutoNation Trading Down 1.1 %
NYSE AN traded down $1.88 during trading on Wednesday, reaching $162.02. 336,464 shares of the stock traded hands, compared to its average volume of 458,291. AutoNation, Inc. has a fifty-two week low of $148.33 and a fifty-two week high of $198.50. 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 firm has a market cap of $6.36 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 3.51 and a beta of 1.15. The stock's 50-day moving average price is $172.46 and its 200 day moving average price is $172.81.
AutoNation (NYSE:AN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.71. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. Analysts predict that AutoNation, Inc. will post 18.15 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on AN shares. Stephens boosted their price target on shares of AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. Guggenheim reiterated a "buy" rating on shares of AutoNation in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price objective on shares of AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Wells Fargo & Company upped their price target on AutoNation from $170.00 to $194.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. Finally, StockNews.com lowered AutoNation from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, AutoNation currently has a consensus rating of "Moderate Buy" and a consensus target price of $201.86.
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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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