Intech Investment Management LLC Sells 5,531 Shares of AutoNation, Inc. (NYSE:AN)

Intech Investment Management LLC lessened its stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 56.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,349 shares of the company's stock after selling 5,531 shares during the quarter. Intech Investment Management LLC's holdings in AutoNation were worth $778,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of AutoNation by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,605,708 shares of the company's stock worth $255,910,000 after acquiring an additional 41,712 shares in the last quarter. LSV Asset Management boosted its stake in shares of AutoNation by 0.6% during the 2nd quarter. LSV Asset Management now owns 781,825 shares of the company's stock worth $124,607,000 after acquiring an additional 4,350 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of AutoNation during the 2nd quarter worth about $15,832,000. Lodge Hill Capital LLC acquired a new position in shares of AutoNation during the 2nd quarter worth about $15,141,000. Finally, International Assets Investment Management LLC acquired a new position in shares of AutoNation during the 3rd quarter worth about $131,250,000. Institutional investors own 94.62% of the company's stock.

Analyst Upgrades and Downgrades

AN has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on AutoNation from $190.00 to $180.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Wells Fargo & Company cut their price objective on AutoNation from $187.00 to $181.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 15th. Guggenheim cut their price objective on AutoNation from $190.00 to $189.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. Stephens initiated coverage on AutoNation in a research report on Thursday, September 12th. They set an "overweight" rating and a $210.00 price objective for the company. Finally, Morgan Stanley raised AutoNation from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $199.29.

AutoNation Price Performance

Shares of AN stock traded down $0.33 during trading hours on Friday, hitting $178.89. The company had a trading volume of 167,106 shares, compared to its average volume of 434,393. AutoNation, Inc. has a 12 month low of $133.01 and a 12 month high of $197.18. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 3.76 and a beta of 1.21. The firm's fifty day moving average is $168.10 and its 200 day moving average is $168.87. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80.

AutoNation 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.