New York State Common Retirement Fund cut its position in AutoNation, Inc. (NYSE:AN - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,542 shares of the company's stock after selling 1,500 shares during the quarter. New York State Common Retirement Fund's holdings in AutoNation were worth $1,790,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its holdings in shares of AutoNation by 142.2% in the third quarter. Retirement Systems of Alabama now owns 73,429 shares of the company's stock valued at $13,138,000 after buying an additional 43,113 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in AutoNation during the 3rd quarter worth approximately $585,000. Charles Schwab Investment Management Inc. grew its stake in shares of AutoNation by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company's stock valued at $57,413,000 after purchasing an additional 19,015 shares during the last quarter. Whalen Wealth Management Inc. acquired a new position in shares of AutoNation in the fourth quarter valued at approximately $255,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of AutoNation in the fourth quarter valued at approximately $13,239,000. Hedge funds and other institutional investors own 94.62% of the company's stock.
Analysts Set New Price Targets
AN has been the topic of a number of analyst reports. Guggenheim reiterated a "buy" rating on shares of AutoNation in a research report on Wednesday, February 12th. Wells Fargo & Company lifted their target price on shares of AutoNation from $170.00 to $194.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. 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 note on Wednesday, February 12th. StockNews.com upgraded shares of AutoNation from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. boosted their target price on AutoNation from $180.00 to $195.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $204.71.
Get Our Latest Report on AutoNation
AutoNation Price Performance
AN traded down $2.48 on Thursday, hitting $171.87. 85,960 shares of the company were exchanged, compared to its average volume of 433,029. AutoNation, Inc. has a fifty-two week low of $143.88 and a fifty-two week high of $198.50. 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 firm has a market capitalization of $6.71 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 3.51 and a beta of 1.25. The business's fifty day moving average is $182.36 and its 200 day moving average is $174.53.
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 return on equity of 30.48% and a net margin of 2.59%. As a group, sell-side analysts anticipate that AutoNation, Inc. will post 18.15 EPS for the current year.
AutoNation 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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