LPL Financial LLC reduced its position in AutoNation, Inc. (NYSE:AN - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,092 shares of the company's stock after selling 1,541 shares during the quarter. LPL Financial LLC owned approximately 0.06% of AutoNation worth $3,922,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. Boston Partners lifted its stake in 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 buying an additional 203,335 shares during the last quarter. State Street Corp lifted its position in AutoNation by 2.3% in the 3rd quarter. State Street Corp now owns 854,034 shares of the company's stock valued at $152,804,000 after purchasing an additional 19,037 shares during the last quarter. Geode Capital Management LLC grew its position 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 purchasing an additional 18,588 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of AutoNation by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 327,165 shares of the company's stock valued at $55,566,000 after buying an additional 6,277 shares during the last quarter. Finally, Greatmark Investment Partners Inc. boosted its position in shares of AutoNation by 25.5% during the fourth quarter. Greatmark Investment Partners Inc. now owns 146,402 shares of the company's stock worth $24,865,000 after buying an additional 29,715 shares during the period. Institutional investors own 94.62% of the company's stock.
AutoNation Trading Down 1.0 %
NYSE AN traded down $1.67 on Wednesday, hitting $162.24. 35,627 shares of the stock were exchanged, compared to its average volume of 457,133. AutoNation, Inc. has a 52-week low of $148.33 and a 52-week high of $198.50. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.21. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 3.51 and a beta of 1.15. The company's 50-day moving average price is $173.04 and its two-hundred day moving average price is $172.88.
AutoNation (NYSE:AN - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.71. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. Research analysts predict that AutoNation, Inc. will post 18.15 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Guggenheim reissued a "buy" rating on shares of AutoNation in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their target price on AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Stephens boosted their price target 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. StockNews.com cut shares of AutoNation from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company lifted their price target on shares of AutoNation from $170.00 to $194.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, AutoNation has a consensus rating of "Moderate Buy" and an average target price of $201.86.
Check Out Our Latest Report on AutoNation
AutoNation Company Profile
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Free Report)
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.
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