Dana Investment Advisors Inc. lessened its stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,459 shares of the company's stock after selling 2,927 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.06% of AutoNation worth $3,814,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of AN. Fortitude Family Office LLC grew its stake in AutoNation by 581.8% in the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company's stock worth $25,000 after purchasing an additional 128 shares during the period. Global X Japan Co. Ltd. raised 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 valued at $27,000 after purchasing an additional 95 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of AutoNation by 403.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company's stock worth $50,000 after buying an additional 226 shares during the last quarter. McIlrath & Eck LLC grew its stake 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 purchasing an additional 136 shares during the period. Finally, Orion Portfolio Solutions LLC purchased a new stake in AutoNation during the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 94.62% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on AutoNation from $180.00 to $195.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. StockNews.com upgraded AutoNation from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Stephens raised their price target on AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. Evercore ISI raised their price objective on AutoNation from $220.00 to $240.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, Guggenheim restated a "buy" rating on shares of AutoNation in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $204.71.
Get Our Latest Research Report on AN
AutoNation Stock Performance
Shares of AN stock traded down $0.69 during midday trading on Friday, hitting $171.14. The company had a trading volume of 544,263 shares, compared to its average volume of 435,345. The stock has a market cap of $6.68 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 3.51 and a beta of 1.32. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.21. AutoNation, Inc. has a 52-week low of $147.31 and a 52-week high of $198.50. The company's 50 day simple moving average is $182.31 and its 200 day simple moving average is $174.48.
AutoNation (NYSE:AN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 EPS for the quarter, topping the consensus estimate of $4.26 by $0.71. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. Research analysts anticipate that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.
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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