MMCAP International Inc. SPC Acquires Shares of 33,500 AutoNation, Inc. (NYSE:AN)

MMCAP International Inc. SPC purchased a new position in shares of AutoNation, Inc. (NYSE:AN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 33,500 shares of the company's stock, valued at approximately $5,690,000. AutoNation comprises approximately 0.9% of MMCAP International Inc. SPC's portfolio, making the stock its 29th biggest holding. MMCAP International Inc. SPC owned approximately 0.08% of AutoNation as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Amalgamated Bank grew its position in AutoNation by 1.4% during the 4th quarter. Amalgamated Bank now owns 12,416 shares of the company's stock worth $2,109,000 after acquiring an additional 168 shares during the last quarter. Conscious Wealth Investments LLC grew its position in AutoNation by 1.0% during the 4th quarter. Conscious Wealth Investments LLC now owns 19,966 shares of the company's stock worth $3,698,000 after acquiring an additional 189 shares during the last quarter. South Dakota Investment Council grew its position in AutoNation by 12.2% during the 4th quarter. South Dakota Investment Council now owns 73,094 shares of the company's stock worth $12,414,000 after acquiring an additional 7,932 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in AutoNation by 2.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 5,426 shares of the company's stock worth $922,000 after acquiring an additional 105 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in AutoNation by 19.7% during the 4th quarter. Handelsbanken Fonder AB now owns 7,300 shares of the company's stock worth $1,240,000 after acquiring an additional 1,200 shares during the last quarter. 94.62% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

AN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on AutoNation from $180.00 to $195.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Stephens lifted their price objective on AutoNation from $195.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. Evercore ISI lifted their price objective on AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. StockNews.com upgraded AutoNation from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company lifted their price objective on AutoNation from $170.00 to $194.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $204.71.

AutoNation Stock Up 0.8 %

Shares of AN traded up $1.48 on Friday, reaching $182.27. The stock had a trading volume of 342,744 shares, compared to its average volume of 442,263. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth 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. The company has a 50-day simple moving average of $182.32 and a 200-day simple moving average of $174.48. AutoNation, Inc. has a 12-month low of $143.88 and a 12-month high of $198.50.

AutoNation (NYSE:AN - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $4.97 EPS for the quarter, beating analysts' consensus estimates of $4.26 by $0.71. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. Sell-side analysts predict that AutoNation, Inc. will post 18.15 EPS for the current year.

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.