Thrivent Financial for Lutherans lowered its holdings in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 44.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,205 shares of the company's stock after selling 4,968 shares during the quarter. Thrivent Financial for Lutherans' holdings in AutoNation were worth $1,054,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC lifted its holdings in AutoNation by 9.7% during the third quarter. Cerity Partners LLC now owns 3,346 shares of the company's stock valued at $599,000 after purchasing an additional 297 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of AutoNation by 0.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 21,994 shares of the company's stock worth $3,935,000 after purchasing an additional 194 shares during the last quarter. FMR LLC lifted its stake in AutoNation by 3.7% in the 3rd quarter. FMR LLC now owns 25,862 shares of the company's stock valued at $4,627,000 after buying an additional 929 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in AutoNation by 4.4% in the 3rd quarter. MetLife Investment Management LLC now owns 13,522 shares of the company's stock worth $2,419,000 after buying an additional 567 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in AutoNation by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,744 shares of the company's stock worth $15,162,000 after buying an additional 939 shares in the last quarter. 94.62% of the stock is owned by institutional investors and hedge funds.
AutoNation Trading Down 0.5 %
Shares of AutoNation stock traded down $0.74 during mid-day trading on Friday, hitting $158.63. The stock had a trading volume of 688,564 shares, compared to its average volume of 452,014. The firm has a 50-day moving average of $177.57 and a two-hundred day moving average of $173.65. The firm has a market cap of $6.23 billion, a P/E ratio of 9.36, a price-to-earnings-growth ratio of 3.51 and a beta of 1.15. 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, Inc. has a 12-month low of $150.08 and a 12-month high of $198.50.
AutoNation (NYSE:AN - Get Free Report) last announced 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%. Sell-side analysts forecast that AutoNation, Inc. will post 18.15 earnings per share for the current year.
Analyst Ratings Changes
AN has been the topic of a number of research analyst reports. Stephens lifted their price target 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. lowered their target price on shares of AutoNation from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th. Guggenheim reiterated a "buy" rating on shares of AutoNation in a research report on Wednesday, February 12th. Evercore ISI boosted their price target 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. Finally, Wells Fargo & Company increased their price objective on shares of AutoNation from $170.00 to $194.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, AutoNation presently has a consensus rating of "Moderate Buy" and an average target price of $201.86.
Read Our Latest Stock Analysis on AN
About AutoNation
(
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.
Further Reading
Before you consider AutoNation, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AutoNation wasn't on the list.
While AutoNation currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
