ExodusPoint Capital Management LP Takes $1.46 Million Position in AutoNation, Inc. (NYSE:AN)

ExodusPoint Capital Management LP acquired a new stake in AutoNation, Inc. (NYSE:AN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 8,564 shares of the company's stock, valued at approximately $1,455,000.

A number of other institutional investors have also made changes to their positions in AN. CIBC Asset Management Inc increased its position 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 buying an additional 68 shares during the last quarter. Strengthening Families & Communities LLC raised its stake in AutoNation by 2.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 3,472 shares of the company's stock valued at $590,000 after acquiring an additional 69 shares during the period. HighTower Advisors LLC lifted its holdings in AutoNation by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 3,866 shares of the company's stock valued at $657,000 after purchasing an additional 74 shares during the last quarter. Davis Capital Management lifted its stake in shares of AutoNation by 0.8% during the 4th quarter. Davis Capital Management now owns 9,703 shares of the company's stock worth $1,648,000 after buying an additional 79 shares during the last quarter. Finally, Global X Japan Co. Ltd. boosted its holdings in shares of AutoNation by 150.8% during the 4th 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. Institutional investors own 94.62% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AN shares. StockNews.com lowered AutoNation from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Guggenheim reissued a "buy" rating on shares of AutoNation in a report on Wednesday, February 12th. Evercore ISI boosted 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. JPMorgan Chase & Co. lowered their price target on shares of AutoNation from $195.00 to $175.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. Finally, Stephens increased their target price on shares of AutoNation from $195.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $201.86.

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AutoNation Trading Down 0.5 %

Shares of NYSE AN traded down $0.83 during midday trading on Tuesday, reaching $164.41. The stock had a trading volume of 60,440 shares, compared to its average volume of 457,073. AutoNation, Inc. has a twelve month low of $148.33 and a twelve month high of $198.50. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.74. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 3.51 and a beta of 1.15. The company's 50 day moving average price is $173.63 and its 200 day moving average price is $172.95.

AutoNation (NYSE:AN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 earnings per share (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%. As a group, sell-side analysts expect that AutoNation, Inc. will post 18.15 EPS for the current year.

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.