Simcoe Capital Management LLC Acquires New Position in AutoNation, Inc. (NYSE:AN)

Simcoe Capital Management LLC acquired a new stake in AutoNation, Inc. (NYSE:AN - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 236,165 shares of the company's stock, valued at approximately $42,255,000. AutoNation makes up approximately 5.5% of Simcoe Capital Management LLC's portfolio, making the stock its 7th largest holding. Simcoe Capital Management LLC owned 0.60% of AutoNation at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AN. GAMMA Investing LLC increased its position in shares of AutoNation by 90.6% during the 2nd quarter. GAMMA Investing LLC now owns 202 shares of the company's stock worth $32,000 after purchasing an additional 96 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in AutoNation in the second quarter valued at $37,000. Venturi Wealth Management LLC grew its position in shares of AutoNation by 403.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company's stock valued at $50,000 after acquiring an additional 226 shares during the period. Quarry LP increased its stake in shares of AutoNation by 498.5% during the 2nd quarter. Quarry LP now owns 407 shares of the company's stock worth $65,000 after purchasing an additional 339 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of AutoNation in the 2nd quarter valued at about $103,000. Institutional investors own 94.62% of the company's stock.

AutoNation Stock Performance

AN stock traded up $1.57 during trading hours on Monday, hitting $180.46. 189,020 shares of the stock were exchanged, compared to its average volume of 433,262. AutoNation, Inc. has a 12 month low of $133.01 and a 12 month high of $197.18. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $7.16 billion, a P/E ratio of 10.27, a P/E/G ratio of 3.75 and a beta of 1.21. The company has a 50-day simple moving average of $168.10 and a two-hundred day simple moving average of $168.85.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stephens started coverage on AutoNation in a report on Thursday, September 12th. They set an "overweight" rating and a $210.00 price target for the company. Bank of America reduced their target price on AutoNation from $220.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Morgan Stanley upgraded AutoNation from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $145.00 to $200.00 in a research note on Wednesday, September 25th. Guggenheim reduced their price objective on shares of AutoNation from $190.00 to $189.00 and set a "buy" rating for the company in a research report on Thursday, November 21st. Finally, Wells Fargo & Company decreased their price objective on shares of AutoNation from $187.00 to $181.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $199.29.

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.