AutoNation, Inc. (NYSE:AN) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,183 shares of the company's stock after selling 31,515 shares during the quarter. JPMorgan Chase & Co. owned 0.38% of AutoNation worth $25,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Boston Partners increased its holdings in shares of AutoNation by 12.6% in the fourth quarter. Boston Partners now owns 1,814,228 shares of the company's stock valued at $309,312,000 after purchasing an additional 203,335 shares during the period. State Street Corp increased 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 increased its holdings in AutoNation by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 433,730 shares of the company's stock worth $77,623,000 after buying an additional 18,588 shares during the period. Charles Schwab Investment Management Inc. raised its position in AutoNation by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 327,165 shares of the company's stock worth $55,566,000 after buying an additional 6,277 shares during the last quarter. Finally, Greatmark Investment Partners Inc. lifted its stake in AutoNation by 25.5% during the 4th quarter. Greatmark Investment Partners Inc. now owns 146,402 shares of the company's stock valued at $24,865,000 after acquiring an additional 29,715 shares during the period. 94.62% of the stock is currently owned by hedge funds and other institutional investors.

AutoNation Price Performance

Shares of NYSE AN traded up $1.64 during trading on Friday, hitting $167.94. The company had a trading volume of 525,099 shares, compared to its average volume of 458,057. AutoNation, Inc. has a fifty-two week low of $148.33 and a fifty-two week high of $198.50. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39. The stock has a fifty day simple moving average of $174.21 and a two-hundred day simple moving average of $173.06. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 3.51 and a beta of 1.15.

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, 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%. On average, research analysts expect that AutoNation, Inc. will post 18.15 earnings per share for the current year.

Analyst Ratings Changes

AN has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Thursday, March 27th. Guggenheim reissued a "buy" rating on shares of AutoNation in a report on Wednesday, February 12th. Evercore ISI raised their target price on AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Stephens boosted their price target on AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Finally, StockNews.com cut shares of AutoNation from a "buy" rating to a "hold" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $201.86.

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.