AutoNation, Inc. (NYSE:AN) Shares Sold by Redwood Investment Management LLC

Redwood Investment Management LLC cut its stake in shares of AutoNation, Inc. (NYSE:AN) by 6.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,458 shares of the company’s stock after selling 610 shares during the period. Redwood Investment Management LLC’s holdings in AutoNation were worth $1,437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC grew its stake in shares of AutoNation by 5.4% in the third quarter. Barclays PLC now owns 43,987 shares of the company’s stock valued at $7,870,000 after buying an additional 2,263 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of AutoNation by 48.3% during the third quarter. Franklin Resources Inc. now owns 20,148 shares of the company’s stock worth $3,370,000 after purchasing an additional 6,558 shares in the last quarter. Wedmont Private Capital purchased a new position in shares of AutoNation in the fourth quarter valued at $207,000. Assenagon Asset Management S.A. purchased a new position in shares of AutoNation in the fourth quarter valued at $13,239,000. Finally, HCR Wealth Advisors grew its stake in shares of AutoNation by 0.8% during the fourth quarter. HCR Wealth Advisors now owns 24,842 shares of the company’s stock valued at $4,219,000 after acquiring an additional 185 shares in the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.

AutoNation Price Performance

Shares of NYSE:AN opened at $190.68 on Friday. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 3.51 and a beta of 1.00. AutoNation, Inc. has a 1 year low of $148.33 and a 1 year high of $198.50. The company has a current ratio of 0.74, a quick ratio of 0.21 and a debt-to-equity ratio of 1.39. The business has a fifty day simple moving average of $169.49 and a 200 day simple moving average of $174.19.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Friday, April 25th. The company reported $4.68 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $0.33. The company had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $6.53 billion. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $4.49 EPS. As a group, sell-side analysts predict that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AN has been the subject of several research analyst reports. Citigroup raised AutoNation to a “strong-buy” rating in a report on Thursday, April 24th. Wells Fargo & Company lowered their target price on AutoNation from $194.00 to $176.00 and set an “equal weight” rating for the company in a report on Monday, April 21st. Cfra Research upgraded AutoNation to a “strong-buy” rating in a research report on Friday, April 25th. StockNews.com upgraded AutoNation from a “hold” rating to a “buy” rating in a research note on Saturday, May 10th. Finally, JPMorgan Chase & Co. cut their target price on AutoNation from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $200.75.

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.