Capital Fund Management S.A. boosted its position in AutoNation, Inc. (NYSE:AN - Free Report) by 21.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,618 shares of the company's stock after acquiring an additional 5,382 shares during the quarter. Capital Fund Management S.A. owned 0.08% of AutoNation worth $5,200,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc raised its holdings in AutoNation by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,290 shares of the company's stock worth $219,000 after purchasing an additional 68 shares in the last quarter. Strengthening Families & Communities LLC raised its stake in AutoNation by 2.0% during the 4th quarter. Strengthening Families & Communities LLC now owns 3,472 shares of the company's stock worth $590,000 after acquiring an additional 69 shares in the last quarter. HighTower Advisors LLC lifted its position in AutoNation by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 3,866 shares of the company's stock valued at $657,000 after acquiring an additional 74 shares during the last quarter. Davis Capital Management boosted its stake in AutoNation by 0.8% in the fourth quarter. Davis Capital Management now owns 9,703 shares of the company's stock valued at $1,648,000 after acquiring an additional 79 shares in the last quarter. Finally, Global X Japan Co. Ltd. grew its holdings in shares of AutoNation by 150.8% during the fourth quarter. Global X Japan Co. Ltd. now owns 158 shares of the company's stock worth $27,000 after purchasing an additional 95 shares during the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.
AutoNation Stock Performance
Shares of AN stock traded up $3.94 during trading hours on Friday, reaching $166.03. 438,246 shares of the company's stock were exchanged, compared to its average volume of 456,908. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.21. The company's 50 day moving average is $171.94 and its two-hundred day moving average is $172.72. The company has a market cap of $6.52 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 3.51 and a beta of 1.15. AutoNation, Inc. has a 1 year low of $148.33 and a 1 year high of $198.50.
AutoNation (NYSE:AN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share 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%. Equities research analysts anticipate that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
AN has been the subject of several research reports. JPMorgan Chase & Co. reduced their target price on AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Stephens upped 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. Wells Fargo & Company raised their price objective 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. Guggenheim reaffirmed a "buy" rating on shares of AutoNation in a report on Wednesday, February 12th. Finally, StockNews.com downgraded shares of AutoNation from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $201.86.
Check Out Our Latest Analysis on AN
AutoNation Company Profile
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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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