AutoNation, Inc. (NYSE:AN) Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC raised its position in AutoNation, Inc. (NYSE:AN - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 435,363 shares of the company's stock after buying an additional 1,633 shares during the period. Geode Capital Management LLC owned approximately 1.10% of AutoNation worth $73,965,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Alliancebernstein L.P. increased its stake in shares of AutoNation by 23.3% in the fourth quarter. Alliancebernstein L.P. now owns 851,870 shares of the company's stock worth $144,682,000 after buying an additional 160,794 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of AutoNation by 24.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,963 shares of the company's stock valued at $3,051,000 after purchasing an additional 3,566 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of AutoNation by 15.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 1,296 shares of the company's stock worth $220,000 after purchasing an additional 173 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of AutoNation by 7.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,954 shares of the company's stock worth $672,000 after purchasing an additional 270 shares during the last quarter. Finally, Norges Bank acquired a new position in AutoNation during the 4th quarter valued at approximately $38,136,000. 94.62% of the stock is currently owned by institutional investors and hedge funds.

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AutoNation Trading Down 2.4 %

Shares of NYSE AN traded down $3.86 during mid-day trading on Wednesday, hitting $160.04. 175,807 shares of the company traded hands, compared to its average volume of 457,723. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39. AutoNation, Inc. has a 1 year low of $148.33 and a 1 year high of $198.50. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 3.51 and a beta of 1.15. The business has a 50 day moving average of $173.04 and a two-hundred day moving average of $172.88.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Evercore ISI raised their target price on AutoNation from $220.00 to $240.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Wells Fargo & Company boosted their target price on shares of AutoNation from $170.00 to $194.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. Guggenheim reissued a "buy" rating on shares of AutoNation in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price objective on AutoNation from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Finally, 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 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $201.86.

About AutoNation

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.