AutoNation, Inc. (NYSE:AN) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC trimmed its holdings in AutoNation, Inc. (NYSE:AN - Free Report) by 1.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 286,763 shares of the company's stock after selling 4,946 shares during the period. AutoNation accounts for about 0.8% of Horizon Kinetics Asset Management LLC's holdings, making the stock its 16th biggest holding. Horizon Kinetics Asset Management LLC owned 0.72% of AutoNation worth $51,308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Garner Asset Management Corp raised its stake in AutoNation by 3.9% during the third quarter. Garner Asset Management Corp now owns 18,958 shares of the company's stock worth $3,392,000 after purchasing an additional 716 shares during the period. Larson Financial Group LLC increased its holdings in shares of AutoNation by 10.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,629 shares of the company's stock worth $291,000 after buying an additional 158 shares during the last quarter. Cerity Partners LLC lifted its holdings in AutoNation by 9.7% in the third quarter. Cerity Partners LLC now owns 3,346 shares of the company's stock valued at $599,000 after acquiring an additional 297 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in AutoNation by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company's stock worth $57,413,000 after acquiring an additional 19,015 shares during the period. Finally, Factorial Partners LLC increased its stake in AutoNation by 6.3% during the third quarter. Factorial Partners LLC now owns 3,400 shares of the company's stock worth $608,000 after acquiring an additional 200 shares during the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.

AutoNation Stock Performance

NYSE AN traded up $7.11 during trading on Monday, reaching $179.57. The company's stock had a trading volume of 1,730,022 shares, compared to its average volume of 435,209. The business's fifty day moving average price is $167.39 and its 200-day moving average price is $168.45. AutoNation, Inc. has a twelve month low of $130.35 and a twelve month high of $197.18. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 3.62 and a beta of 1.21.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AN shares. Wells Fargo & Company cut their price objective on AutoNation from $187.00 to $181.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 15th. Guggenheim cut their price target on shares of AutoNation from $190.00 to $189.00 and set a "buy" rating on the stock in a research note on Thursday. Bank of America lowered their price objective on shares of AutoNation from $220.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Stephens initiated coverage on shares of AutoNation in a research note on Thursday, September 12th. They set an "overweight" rating and a $210.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of AutoNation from $190.00 to $180.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $199.29.

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.