Edgestream Partners L.P. Invests $1.63 Million in AutoNation, Inc. (NYSE:AN)

Edgestream Partners L.P. purchased a new position in AutoNation, Inc. (NYSE:AN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,613 shares of the company's stock, valued at approximately $1,633,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Simcoe Capital Management LLC acquired a new position in shares of AutoNation in the 3rd quarter valued at about $42,255,000. Holocene Advisors LP acquired a new stake in shares of AutoNation during the 3rd quarter worth approximately $20,046,000. Verition Fund Management LLC lifted its holdings in shares of AutoNation by 739.9% in the 3rd quarter. Verition Fund Management LLC now owns 109,040 shares of the company's stock worth $19,509,000 after purchasing an additional 96,058 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in AutoNation during the 4th quarter valued at approximately $13,239,000. Finally, Raymond James Financial Inc. bought a new position in AutoNation during the 4th quarter worth $7,836,000. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Stock Performance

Shares of AutoNation stock traded up $3.77 on Friday, reaching $160.44. The stock had a trading volume of 735,832 shares, compared to its average volume of 442,057. AutoNation, Inc. has a fifty-two week low of $150.08 and a fifty-two week high of $198.50. The business's 50-day moving average price is $181.84 and its two-hundred day moving average price is $174.13. The stock has a market cap of $6.27 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 3.51 and a beta of 1.32. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.74.

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AutoNation (NYSE:AN - Get Free Report) last issued its 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%. On average, sell-side analysts forecast that AutoNation, Inc. will post 18.15 EPS for the current year.

Analysts Set New Price Targets

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

AutoNation Company 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.