AutoNation, Inc. (NYSE:AN) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in AutoNation, Inc. (NYSE:AN - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 265,223 shares of the company's stock after selling 8,354 shares during the quarter. Bank of New York Mellon Corp owned about 0.67% of AutoNation worth $45,045,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC lifted its position in AutoNation by 581.8% during the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company's stock valued at $25,000 after buying an additional 128 shares in the last quarter. Global X Japan Co. Ltd. boosted its position 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 period. Venturi Wealth Management LLC grew its stake in shares of AutoNation by 403.6% in the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company's stock valued at $50,000 after buying an additional 226 shares in the last quarter. McIlrath & Eck LLC raised its holdings in shares of AutoNation by 16.4% during the 3rd 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 period. Finally, Orion Portfolio Solutions LLC acquired a new position in AutoNation during the 3rd quarter worth approximately $201,000. 94.62% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on AN. JPMorgan Chase & Co. lifted their price target on shares of AutoNation from $180.00 to $195.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. Evercore ISI boosted their price target on AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. StockNews.com upgraded AutoNation from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Stephens upped their target price on AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company raised their price target on shares of AutoNation from $170.00 to $194.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. Three 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, AutoNation currently has an average rating of "Moderate Buy" and a consensus price target of $204.71.

AutoNation Stock Performance

Shares of AN traded down $6.28 during mid-day trading on Monday, hitting $164.79. The stock had a trading volume of 635,102 shares, compared to its average volume of 436,144. AutoNation, Inc. has a fifty-two week low of $147.31 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 company has a market cap of $6.44 billion, a PE ratio of 9.73, a PEG ratio of 3.51 and a beta of 1.32. The company's fifty day simple moving average is $182.31 and its two-hundred day simple moving average is $174.48.

AutoNation (NYSE:AN - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 EPS for the quarter, topping 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 expect that AutoNation, Inc. will post 18.15 earnings per share for the current year.

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.