AutoNation, Inc. (NYSE:AN) Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its position in shares of AutoNation, Inc. (NYSE:AN) by 25.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 315 shares of the company’s stock after purchasing an additional 64 shares during the period. NewEdge Advisors LLC’s holdings in AutoNation were worth $54,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in AutoNation in the 4th quarter valued at approximately $38,136,000. Boston Partners lifted its holdings in shares of AutoNation by 12.6% during the 4th quarter. Boston Partners now owns 1,814,228 shares of the company’s stock valued at $309,312,000 after buying an additional 203,335 shares during the last quarter. Alliancebernstein L.P. lifted its stake in AutoNation by 23.3% in the fourth quarter. Alliancebernstein L.P. now owns 851,870 shares of the company’s stock valued at $144,682,000 after acquiring an additional 160,794 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in AutoNation in the fourth quarter worth approximately $13,239,000. Finally, Raymond James Financial Inc. bought a new position in shares of AutoNation during the 4th quarter valued at $7,836,000. 94.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AN shares. Evercore ISI upped 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. Stephens raised their target price on AutoNation from $195.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Wells Fargo & Company dropped their target price on shares of AutoNation from $194.00 to $176.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Cfra Research raised shares of AutoNation to a “strong-buy” rating in a report on Friday, April 25th. Finally, Guggenheim lowered their price target on AutoNation from $212.00 to $183.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $200.75.

AutoNation Trading Up 0.9 %

AN stock opened at $176.54 on Friday. The business has a fifty day moving average price of $168.03 and a 200 day moving average price of $173.01. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.21. AutoNation, Inc. has a fifty-two week low of $148.33 and a fifty-two week high of $198.50. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 10.42, a P/E/G ratio of 3.51 and a beta of 0.99.

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

AutoNation Company 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.