Public Employees Retirement System of Ohio Purchases 10,002 Shares of AutoNation, Inc. (NYSE:AN)

Public Employees Retirement System of Ohio lifted its position in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 80.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,477 shares of the company's stock after purchasing an additional 10,002 shares during the quarter. Public Employees Retirement System of Ohio owned 0.06% of AutoNation worth $4,022,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AN. Raymond James & Associates lifted its position in AutoNation by 10.7% in the 2nd quarter. Raymond James & Associates now owns 58,084 shares of the company's stock valued at $9,257,000 after acquiring an additional 5,611 shares in the last quarter. Versor Investments LP bought a new position in shares of AutoNation in the second quarter valued at approximately $673,000. Point72 DIFC Ltd purchased a new position in shares of AutoNation during the second quarter valued at approximately $602,000. WINTON GROUP Ltd bought a new stake in AutoNation during the second quarter worth $15,832,000. Finally, Kestra Investment Management LLC purchased a new stake in AutoNation in the 3rd quarter valued at $585,000. 94.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AN has been the topic of a number of analyst reports. Bank of America cut their price objective on shares of AutoNation from $220.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, October 14th. JPMorgan Chase & Co. cut their price target on shares of AutoNation from $190.00 to $180.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Wells Fargo & Company decreased their price objective on shares of AutoNation from $187.00 to $181.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 15th. Stephens initiated coverage on AutoNation in a research note on Thursday, September 12th. They issued an "overweight" rating and a $210.00 target price on the stock. Finally, Guggenheim reduced their target price on AutoNation from $190.00 to $189.00 and set a "buy" rating for the company in a report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $199.29.

AutoNation Stock Performance

Shares of AutoNation stock traded down $0.22 on Monday, reaching $172.48. 417,683 shares of the company traded hands, compared to its average volume of 433,387. The company has a 50 day moving average of $168.48 and a 200 day moving average of $169.47. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. AutoNation, Inc. has a 52 week low of $133.13 and a 52 week high of $197.18. The firm has a market capitalization of $6.84 billion, a PE ratio of 9.95, a PEG ratio of 3.63 and a beta of 1.24.

AutoNation Company 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.