Proficio Capital Partners LLC Buys Shares of 41,271 AutoNation, Inc. (NYSE:AN)

Proficio Capital Partners LLC acquired a new stake in AutoNation, Inc. (NYSE:AN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 41,271 shares of the company's stock, valued at approximately $7,009,000. Proficio Capital Partners LLC owned about 0.10% of AutoNation at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of AutoNation by 2.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,845 shares of the company's stock worth $509,000 after purchasing an additional 62 shares during the period. CIBC Asset Management Inc grew its holdings in shares of AutoNation by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 1,290 shares of the company's stock worth $219,000 after purchasing an additional 68 shares in the last quarter. Strengthening Families & Communities LLC increased its position in shares of AutoNation by 2.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 3,472 shares of the company's stock valued at $590,000 after purchasing an additional 69 shares during the period. Davis Capital Management raised its stake in shares of AutoNation by 0.8% in the fourth quarter. Davis Capital Management now owns 9,703 shares of the company's stock valued at $1,648,000 after purchasing an additional 79 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in AutoNation by 0.6% in the third quarter. Mutual of America Capital Management LLC now owns 14,152 shares of the company's stock worth $2,532,000 after purchasing an additional 87 shares during the period. 94.62% of the stock is currently owned by institutional investors.

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AutoNation Trading Down 0.4 %

AN traded down $0.69 during mid-day trading on Friday, reaching $171.14. The stock had a trading volume of 544,094 shares, compared to its average volume of 434,527. The firm's fifty day simple moving average is $182.33 and its two-hundred day simple moving average is $174.51. The stock has a market capitalization of $6.68 billion, a P/E ratio of 10.10, a P/E/G ratio of 3.51 and a beta of 1.25. AutoNation, Inc. has a 52 week low of $145.28 and a 52 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.

AutoNation (NYSE:AN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share (EPS) 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%. On average, equities analysts predict that AutoNation, Inc. will post 18.15 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AN. Guggenheim restated a "buy" rating on shares of AutoNation in a research note on Wednesday, February 12th. Evercore ISI increased their target price on shares of AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. StockNews.com upgraded shares of AutoNation from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company raised their price objective on shares of AutoNation from $170.00 to $194.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 12th. 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 report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $204.71.

AutoNation Profile

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.