Ontario Teachers Pension Plan Board lowered its stake in AutoNation, Inc. (NYSE:AN - Free Report) by 41.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,899 shares of the company's stock after selling 2,033 shares during the period. Ontario Teachers Pension Plan Board's holdings in AutoNation were worth $492,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of AN. Retirement Systems of Alabama lifted its position in shares of AutoNation by 142.2% during the 3rd quarter. Retirement Systems of Alabama now owns 73,429 shares of the company's stock worth $13,138,000 after buying an additional 43,113 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in AutoNation by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 327,165 shares of the company's stock valued at $55,566,000 after purchasing an additional 6,277 shares during the last quarter. Whalen Wealth Management Inc. acquired a new stake in AutoNation in the fourth quarter valued at approximately $255,000. Assenagon Asset Management S.A. acquired a new position in shares of AutoNation during the fourth quarter worth $13,239,000. Finally, Foster & Motley Inc. boosted its stake in shares of AutoNation by 97.4% during the fourth quarter. Foster & Motley Inc. now owns 11,640 shares of the company's stock valued at $1,977,000 after purchasing an additional 5,742 shares in the last quarter. Institutional investors and hedge funds own 94.62% of the company's stock.
Analyst Upgrades and Downgrades
AN has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of AutoNation from $195.00 to $175.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. Evercore ISI boosted their price objective on AutoNation from $220.00 to $240.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Stephens boosted their price target 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. Guggenheim decreased their target price on shares of AutoNation from $212.00 to $183.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, StockNews.com lowered AutoNation from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, AutoNation presently has a consensus rating of "Moderate Buy" and a consensus price target of $198.43.
Read Our Latest Stock Analysis on AN
AutoNation Stock Up 2.5 %
Shares of AN traded up $4.10 during mid-day trading on Tuesday, reaching $167.61. The company had a trading volume of 69,463 shares, compared to its average volume of 454,885. 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 50-day moving average price of $170.79 and a 200 day moving average price of $172.60. AutoNation, Inc. has a 52 week low of $148.33 and a 52 week high of $198.50. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 3.51 and a beta of 1.15.
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, topping 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%. On average, sell-side analysts forecast that AutoNation, Inc. will post 18.15 EPS for the current year.
About AutoNation
(
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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