AutoNation, Inc. $AN Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in AutoNation, Inc. (NYSE:ANFree Report) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,179,203 shares of the company’s stock after purchasing an additional 2,577 shares during the period. Vanguard Group Inc. owned about 8.72% of AutoNation worth $656,442,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Simcoe Capital Management LLC acquired a new position in shares of AutoNation in the third quarter worth about $18,988,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of AutoNation during the third quarter worth approximately $1,140,000. Davis Capital Management acquired a new stake in shares of AutoNation during the third quarter worth approximately $2,024,000. 44 Wealth Management LLC acquired a new stake in AutoNation in the third quarter valued at approximately $1,378,000. Finally, Dynasty Wealth Management LLC lifted its stake in AutoNation by 65.2% in the third quarter. Dynasty Wealth Management LLC now owns 6,991 shares of the company’s stock valued at $1,529,000 after acquiring an additional 2,759 shares during the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

Key Stories Impacting AutoNation

Here are the key news stories impacting AutoNation this week:

AutoNation Stock Performance

Shares of NYSE:AN opened at $209.52 on Monday. The stock has a market capitalization of $7.19 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.12 and a beta of 0.79. AutoNation, Inc. has a 1-year low of $173.26 and a 1-year high of $228.92. The company has a current ratio of 0.84, a quick ratio of 0.22 and a debt-to-equity ratio of 2.39. The business has a 50-day moving average price of $196.00 and a two-hundred day moving average price of $203.67.

AutoNation (NYSE:ANGet Free Report) last announced its quarterly earnings data on Friday, May 1st. The company reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.71 by ($0.02). The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.65 billion. AutoNation had a return on equity of 30.76% and a net margin of 2.47%.The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.68 earnings per share. Equities analysts predict that AutoNation, Inc. will post 21.31 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wells Fargo & Company reduced their target price on shares of AutoNation from $230.00 to $207.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. Weiss Ratings lowered shares of AutoNation from a “buy (b)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Morgan Stanley boosted their target price on shares of AutoNation from $233.00 to $238.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Bank of America initiated coverage on shares of AutoNation in a research note on Wednesday, March 4th. They set a “buy” rating on the stock. Finally, Barclays reduced their target price on shares of AutoNation from $245.00 to $240.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.33.

Read Our Latest Report on AutoNation

About AutoNation

(Free Report)

AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.

Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.

Further Reading

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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