Illinois Municipal Retirement Fund Has $2.83 Million Stock Holdings in AutoNation, Inc. (NYSE:AN)

Illinois Municipal Retirement Fund lessened its stake in AutoNation, Inc. (NYSE:AN - Free Report) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,635 shares of the company's stock after selling 2,509 shares during the period. Illinois Municipal Retirement Fund's holdings in AutoNation were worth $2,825,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AN. State Street Corp lifted its holdings in AutoNation by 2.3% in the 3rd quarter. State Street Corp now owns 854,034 shares of the company's stock worth $152,804,000 after buying an additional 19,037 shares during the period. Geode Capital Management LLC lifted its stake in AutoNation by 4.5% in the third quarter. Geode Capital Management LLC now owns 433,730 shares of the company's stock worth $77,623,000 after acquiring an additional 18,588 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in AutoNation by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company's stock valued at $57,413,000 after acquiring an additional 19,015 shares in the last quarter. Simcoe Capital Management LLC purchased a new position in AutoNation during the 3rd quarter valued at $42,255,000. Finally, Holocene Advisors LP bought a new position in AutoNation in the 3rd quarter worth $20,046,000. 94.62% of the stock is currently owned by institutional investors.

AutoNation Stock Down 4.0 %

AutoNation stock traded down $7.32 during midday trading on Monday, hitting $175.05. 753,924 shares of the company's stock were exchanged, compared to its average volume of 432,560. The firm has a 50-day moving average of $182.32 and a two-hundred day moving average of $174.54. AutoNation, Inc. has a 12 month low of $143.88 and a 12 month high of $198.50. The company has a market cap of $6.84 billion, a PE ratio of 10.33, a P/E/G ratio of 3.51 and a beta of 1.25. 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 announced its earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share 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%. As a group, analysts expect that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.