73,357 Shares in AutoNation, Inc. (NYSE:AN) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in AutoNation, Inc. (NYSE:AN - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 73,357 shares of the company's stock, valued at approximately $131,250,000. International Assets Investment Management LLC owned about 0.18% of AutoNation at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of AutoNation by 90.6% during the second quarter. GAMMA Investing LLC now owns 202 shares of the company's stock worth $32,000 after purchasing an additional 96 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of AutoNation during the second quarter worth $37,000. Denali Advisors LLC raised its holdings in shares of AutoNation by 79.7% during the first quarter. Denali Advisors LLC now owns 248 shares of the company's stock worth $41,000 after purchasing an additional 110 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of AutoNation during the first quarter worth $57,000. Finally, Quarry LP raised its holdings in shares of AutoNation by 498.5% during the second quarter. Quarry LP now owns 407 shares of the company's stock worth $65,000 after purchasing an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 94.62% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AN. Morgan Stanley raised shares of AutoNation from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $145.00 to $200.00 in a report on Wednesday, September 25th. JPMorgan Chase & Co. raised their price target on shares of AutoNation from $160.00 to $190.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Stephens assumed coverage on shares of AutoNation in a research report on Thursday, September 12th. They set an "overweight" rating and a $210.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of AutoNation from $187.00 to $181.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. Finally, Bank of America dropped their price target on shares of AutoNation from $220.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $200.38.

Insider Buying and Selling

In other AutoNation news, major shareholder Edward S. Lampert sold 39,194 shares of AutoNation stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $183.43, for a total transaction of $7,189,355.42. Following the transaction, the insider now directly owns 3,786,144 shares of the company's stock, valued at $694,492,393.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Edward S. Lampert sold 500 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $182.06, for a total value of $91,030.00. Following the sale, the insider now directly owns 3,825,338 shares of the company's stock, valued at approximately $696,441,036.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Edward S. Lampert sold 39,194 shares of the business's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $183.43, for a total transaction of $7,189,355.42. Following the completion of the sale, the insider now directly owns 3,786,144 shares in the company, valued at $694,492,393.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,256 shares of company stock worth $17,641,954. 0.74% of the stock is owned by insiders.

AutoNation Price Performance

AN traded down $7.37 on Friday, reaching $155.83. 1,365,686 shares of the company's stock were exchanged, compared to its average volume of 424,885. The stock has a market cap of $6.27 billion, a PE ratio of 7.39, a P/E/G ratio of 3.25 and a beta of 1.19. AutoNation, Inc. has a twelve month low of $123.81 and a twelve month high of $197.18. The stock's fifty day moving average price is $170.48 and its 200-day moving average price is $167.75. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.78 and a quick ratio of 0.21.

AutoNation (NYSE:AN - Get Free Report) last posted its quarterly earnings results on Friday, October 25th. The company reported $4.02 earnings per share for the quarter, missing analysts' consensus estimates of $4.48 by ($0.46). The business had revenue of $6.59 billion for the quarter, compared to analyst estimates of $6.73 billion. AutoNation had a return on equity of 36.50% and a net margin of 2.93%. Sell-side analysts expect that AutoNation, Inc. will post 17.49 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.