Vestcor Inc reduced its stake in shares of AutoNation, Inc. (NYSE:AN - Free Report) by 45.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,013 shares of the company's stock after selling 3,282 shares during the quarter. Vestcor Inc's holdings in AutoNation were worth $682,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC increased its holdings in AutoNation by 77.1% during the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company's stock worth $84,000 after purchasing an additional 215 shares during the last quarter. HighTower Advisors LLC increased its holdings in AutoNation by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 3,866 shares of the company's stock worth $657,000 after purchasing an additional 74 shares during the last quarter. Moran Wealth Management LLC increased its holdings in AutoNation by 0.6% during the 4th quarter. Moran Wealth Management LLC now owns 48,827 shares of the company's stock worth $8,293,000 after purchasing an additional 303 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in AutoNation by 9.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,427 shares of the company's stock worth $1,092,000 after purchasing an additional 548 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in AutoNation during the 4th quarter worth approximately $2,099,000. 94.62% of the stock is currently owned by hedge funds and other institutional investors.
AutoNation Stock Performance
NYSE:AN traded down $0.39 during midday trading on Thursday, reaching $165.86. 314,974 shares of the company traded hands, compared to its average volume of 437,877. The company has a fifty day moving average price of $181.16 and a 200 day moving average price of $173.65. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.21. The firm has a market capitalization 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. AutoNation, Inc. has a twelve month low of $150.08 and a twelve month high of $198.50.
AutoNation (NYSE:AN - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share 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, analysts expect that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on 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 lifted their target price on AutoNation from $170.00 to $194.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. Stephens lifted their target price on AutoNation from $195.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 12th. StockNews.com upgraded AutoNation from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Finally, Evercore ISI lifted their target price on AutoNation from $220.00 to $240.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $204.71.
Get Our Latest Research Report on AutoNation
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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