Proficio Capital Partners LLC acquired a new position in AutoNation, Inc. (NYSE:AN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 41,271 shares of the company's stock, valued at approximately $7,009,000. Proficio Capital Partners LLC owned 0.10% of AutoNation as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its stake in 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 purchasing an additional 128 shares during the period. Global X Japan Co. Ltd. boosted its stake in AutoNation by 150.8% in the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company's stock worth $27,000 after purchasing an additional 95 shares during the period. McIlrath & Eck LLC boosted its stake in AutoNation by 16.4% in the 3rd quarter. McIlrath & Eck LLC now owns 964 shares of the company's stock worth $172,000 after purchasing an additional 136 shares during the period. Orion Portfolio Solutions LLC acquired a new position in AutoNation in the 3rd quarter worth approximately $201,000. Finally, Wedmont Private Capital acquired a new position in AutoNation in the 4th quarter worth approximately $207,000. Institutional investors and hedge funds own 94.62% of the company's stock.
Wall Street Analysts Forecast Growth
AN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased 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, February 19th. Wells Fargo & Company increased their target price on shares of AutoNation from $170.00 to $194.00 and gave the stock an "equal weight" rating in a research report 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. Guggenheim reiterated a "buy" rating on shares of AutoNation in a research report on Wednesday, February 12th. Finally, Stephens increased their target price on shares of AutoNation from $195.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $204.71.
Get Our Latest Research Report on AN
AutoNation Stock Down 0.2 %
Shares of AutoNation stock traded down $0.39 during midday trading on Thursday, reaching $165.86. 314,970 shares of the company's stock traded hands, compared to its average volume of 437,877. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 3.51 and a beta of 1.32. The company's 50 day simple moving average is $181.16 and its 200 day simple moving average is $173.65. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.74. AutoNation, Inc. has a 52 week low of $150.08 and a 52 week high of $198.50.
AutoNation (NYSE:AN - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, beating analysts' consensus estimates of $4.26 by $0.71. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. Equities analysts expect that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.
AutoNation Company 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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