Stifel Financial Corp Sells 4,663 Shares of AutoNation, Inc. (NYSE:AN)

Stifel Financial Corp lessened its holdings in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 78.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,270 shares of the company's stock after selling 4,663 shares during the quarter. Stifel Financial Corp's holdings in AutoNation were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of AN. Ashton Thomas Private Wealth LLC purchased a new position in shares of AutoNation during the 2nd quarter valued at about $37,000. Venturi Wealth Management LLC lifted its holdings in AutoNation by 403.6% during the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company's stock valued at $50,000 after purchasing an additional 226 shares in the last quarter. GAMMA Investing LLC lifted its holdings in AutoNation by 54.0% during the third quarter. GAMMA Investing LLC now owns 311 shares of the company's stock valued at $56,000 after purchasing 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 valued at $65,000 after purchasing an additional 339 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake 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 valued at $141,000 after buying an additional 829 shares in the last quarter. Institutional investors own 94.62% of the company's stock.

AutoNation Trading Down 1.8 %

AN traded down $3.13 during trading on Monday, reaching $168.72. The company had a trading volume of 414,093 shares, compared to its average volume of 436,374. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. The business has a 50 day simple moving average of $169.44 and a 200-day simple moving average of $169.70. The stock has a market cap of $6.69 billion, a P/E ratio of 9.73, a PEG ratio of 3.63 and a beta of 1.24. AutoNation, Inc. has a 52 week low of $133.13 and a 52 week high of $197.18.

Analysts Set New Price Targets

Several analysts recently issued reports on AN shares. Wells Fargo & Company decreased their target price on AutoNation from $187.00 to $181.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 15th. Stephens assumed coverage on shares of AutoNation in a report on Thursday, September 12th. They issued an "overweight" rating and a $210.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of AutoNation from $190.00 to $180.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Bank of America cut their price objective on AutoNation from $220.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, October 14th. Finally, Guggenheim cut their price target on AutoNation from $190.00 to $189.00 and set a "buy" rating for the company in a report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $199.29.

About AutoNation

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.