TFO Wealth Partners LLC Grows Stake in AutoNation, Inc. (NYSE:AN)

TFO Wealth Partners LLC grew its holdings in AutoNation, Inc. (NYSE:ANFree Report) by 81,850.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,639 shares of the company’s stock after acquiring an additional 1,637 shares during the quarter. TFO Wealth Partners LLC’s holdings in AutoNation were worth $246,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Realta Investment Advisors increased its holdings in shares of AutoNation by 5.4% in the 4th quarter. Realta Investment Advisors now owns 1,410 shares of the company’s stock valued at $212,000 after acquiring an additional 72 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in shares of AutoNation by 1.9% in the 4th quarter. SummerHaven Investment Management LLC now owns 4,061 shares of the company’s stock valued at $610,000 after purchasing an additional 74 shares during the period. Prime Capital Investment Advisors LLC boosted its position in shares of AutoNation by 4.6% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,712 shares of the company’s stock valued at $257,000 after purchasing an additional 76 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in shares of AutoNation by 1.5% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 5,873 shares of the company’s stock valued at $882,000 after purchasing an additional 88 shares during the period. Finally, Quent Capital LLC boosted its position in shares of AutoNation by 1.6% in the 4th quarter. Quent Capital LLC now owns 6,583 shares of the company’s stock valued at $989,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 94.62% of the company’s stock.

AutoNation Stock Up 0.6 %

AutoNation stock opened at $170.25 on Monday. AutoNation, Inc. has a twelve month low of $123.81 and a twelve month high of $182.08. The stock has a 50 day moving average of $163.08 and a two-hundred day moving average of $150.74. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $6.86 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 3.24 and a beta of 1.21.

AutoNation (NYSE:ANGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The company reported $4.49 EPS for the quarter, beating the consensus estimate of $4.45 by $0.04. The business had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.49 billion. AutoNation had a return on equity of 42.44% and a net margin of 3.41%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $6.05 EPS. As a group, research analysts expect that AutoNation, Inc. will post 18.44 earnings per share for the current year.

AutoNation declared that its board has authorized a stock repurchase program on Friday, April 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 14.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company upped their target price on AutoNation from $153.00 to $169.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. Morgan Stanley raised AutoNation from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $117.00 to $140.00 in a research report on Thursday, February 29th. Guggenheim upped their target price on AutoNation from $169.00 to $187.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Bank of America decreased their target price on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Finally, StockNews.com cut AutoNation from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $178.88.

Read Our Latest Stock Analysis on AutoNation

Insider Activity

In other news, major shareholder Edward S. Lampert sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $161.26, for a total value of $16,126,000.00. Following the completion of the sale, the insider now directly owns 4,167,270 shares of the company’s stock, valued at approximately $672,013,960.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Edward S. Lampert sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $161.26, for a total value of $16,126,000.00. Following the completion of the transaction, the insider now directly owns 4,167,270 shares of the company’s stock, valued at approximately $672,013,960.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Edelson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $168.00, for a total value of $1,680,000.00. Following the completion of the transaction, the director now directly owns 48,793 shares of the company’s stock, valued at $8,197,224. The disclosure for this sale can be found here. Insiders own 0.74% of the company’s stock.

AutoNation Profile

(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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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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