Retirement Systems of Alabama Grows Stake in AutoNation, Inc. (NYSE:AN)

Retirement Systems of Alabama boosted its position in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 142.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,429 shares of the company's stock after acquiring an additional 43,113 shares during the period. Retirement Systems of Alabama owned 0.19% of AutoNation worth $13,138,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in AutoNation by 2.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,845 shares of the company's stock valued at $509,000 after purchasing an additional 62 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in shares of AutoNation by 1.2% in the second quarter. Concurrent Investment Advisors LLC now owns 5,436 shares of the company's stock worth $866,000 after buying an additional 65 shares in the last quarter. OLD National Bancorp IN lifted its holdings in shares of AutoNation by 2.2% in the third quarter. OLD National Bancorp IN now owns 3,100 shares of the company's stock worth $555,000 after buying an additional 68 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of AutoNation by 0.5% in the second quarter. Sei Investments Co. now owns 15,130 shares of the company's stock worth $2,413,000 after buying an additional 72 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in shares of AutoNation by 0.6% during the third quarter. Mutual of America Capital Management LLC now owns 14,152 shares of the company's stock worth $2,532,000 after acquiring an additional 87 shares during the last quarter. 94.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AN has been the subject of several research analyst reports. Morgan Stanley upgraded AutoNation from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $145.00 to $200.00 in a report on Wednesday, September 25th. Guggenheim cut their target price on shares of AutoNation from $190.00 to $189.00 and set a "buy" rating for the company in a report on Thursday, November 21st. Bank of America reduced their price target on shares of AutoNation from $220.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Stephens began coverage on shares of AutoNation in a research report on Thursday, September 12th. They set an "overweight" rating and a $210.00 price objective for the company. Finally, Wells Fargo & Company reduced their target price on shares of AutoNation from $187.00 to $181.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $199.29.

AutoNation Stock Down 0.1 %

Shares of AN stock traded down $0.22 during mid-day trading on Monday, hitting $172.48. The stock had a trading volume of 417,683 shares, compared to its average volume of 433,387. AutoNation, Inc. has a 12-month low of $133.13 and a 12-month high of $197.18. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. The firm's 50-day moving average is $168.48 and its two-hundred day moving average is $169.47. The firm has a market capitalization of $6.84 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 3.63 and a beta of 1.24.

AutoNation 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.