AutoNation, Inc. (NYSE:AN) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its holdings in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 83.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,365 shares of the company's stock after selling 7,138 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in AutoNation were worth $232,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AN. MMCAP International Inc. SPC bought a new position in shares of AutoNation during the fourth quarter worth $5,690,000. Amalgamated Bank lifted its position in shares of AutoNation by 1.4% in the fourth quarter. Amalgamated Bank now owns 12,416 shares of the company's stock worth $2,109,000 after buying an additional 168 shares in the last quarter. Conscious Wealth Investments LLC boosted its stake in AutoNation by 1.0% during the fourth quarter. Conscious Wealth Investments LLC now owns 19,966 shares of the company's stock valued at $3,698,000 after buying an additional 189 shares during the last quarter. South Dakota Investment Council boosted its stake in AutoNation by 12.2% during the fourth quarter. South Dakota Investment Council now owns 73,094 shares of the company's stock valued at $12,414,000 after buying an additional 7,932 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in AutoNation by 2.0% in 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. 94.62% of the stock is currently owned by hedge funds and other institutional investors.

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AutoNation Trading Down 5.2 %

AN stock traded down $8.68 during trading on Thursday, hitting $156.69. The company had a trading volume of 609,625 shares, compared to its average volume of 440,557. The firm has a market capitalization of $6.12 billion, a P/E ratio of 9.25, a PEG ratio of 3.51 and a beta of 1.32. The company has a 50 day simple moving average of $182.05 and a 200-day simple moving average of $174.25. AutoNation, Inc. has a 52-week low of $149.51 and a 52-week high of $198.50. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39.

AutoNation (NYSE:AN - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 EPS for the quarter, topping 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, research analysts forecast that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Guggenheim reissued a "buy" rating on shares of AutoNation in a report on Wednesday, February 12th. Evercore ISI upped their target price on shares of AutoNation from $220.00 to $240.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Stephens boosted their price objective on AutoNation from $195.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. boosted their target price on AutoNation from $180.00 to $195.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Finally, StockNews.com upgraded shares of AutoNation from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $204.71.

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.