Mountain Lake Investment Management LLC Sells 1,300 Shares of AutoNation, Inc. (NYSE:AN)

Mountain Lake Investment Management LLC lessened its holdings in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,200 shares of the company's stock after selling 1,300 shares during the period. AutoNation accounts for approximately 5.9% of Mountain Lake Investment Management LLC's holdings, making the stock its 9th biggest position. Mountain Lake Investment Management LLC owned 0.08% of AutoNation worth $5,126,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC lifted its stake in shares of AutoNation by 581.8% in the 4th quarter. Fortitude Family Office LLC now owns 150 shares of the company's stock worth $25,000 after acquiring an additional 128 shares during the period. Global X Japan Co. Ltd. lifted its stake in AutoNation by 150.8% during the fourth quarter. Global X Japan Co. Ltd. now owns 158 shares of the company's stock valued at $27,000 after purchasing an additional 95 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in AutoNation by 403.6% during the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company's stock valued at $50,000 after purchasing an additional 226 shares during the last quarter. NBC Securities Inc. lifted its stake in AutoNation by 28.1% during the third quarter. NBC Securities Inc. now owns 802 shares of the company's stock valued at $143,000 after purchasing an additional 176 shares during the last quarter. Finally, McIlrath & Eck LLC lifted its stake in AutoNation by 16.4% during the third quarter. McIlrath & Eck LLC now owns 964 shares of the company's stock valued at $172,000 after purchasing an additional 136 shares during the last quarter. Institutional investors own 94.62% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AN. StockNews.com upgraded shares of AutoNation from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Stephens upped their price objective on shares of AutoNation from $195.00 to $200.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. Wells Fargo & Company upped their price objective on shares of AutoNation from $170.00 to $194.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 12th. Guggenheim reissued a "buy" rating on shares of AutoNation in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of AutoNation from $180.00 to $195.00 and gave the stock a "neutral" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, AutoNation presently has an average rating of "Moderate Buy" and a consensus target price of $204.71.

AutoNation Price Performance

AN traded down $3.05 during midday trading on Wednesday, hitting $190.32. The company had a trading volume of 182,861 shares, compared to its average volume of 455,621. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. The company has a market capitalization of $7.55 billion, a PE ratio of 11.23, a P/E/G ratio of 3.72 and a beta of 1.25. AutoNation, Inc. has a twelve month low of $136.35 and a twelve month high of $198.50. The firm's 50-day simple moving average is $180.03 and its 200-day simple moving average is $173.51.

AutoNation (NYSE:AN - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share (EPS) 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 30.98%. Equities research analysts predict that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.

AutoNation Company 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.