Mutual of America Capital Management LLC Has $2.15 Million Holdings in AutoNation, Inc. (NYSE:AN)

Mutual of America Capital Management LLC lowered its stake in AutoNation, Inc. (NYSE:AN) by 4.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,268 shares of the company’s stock after selling 554 shares during the period. Mutual of America Capital Management LLC’s holdings in AutoNation were worth $2,148,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Curat Global LLC bought a new position in shares of AutoNation in the first quarter worth about $36,000. NewEdge Advisors LLC increased its stake in AutoNation by 25.5% during the fourth quarter. NewEdge Advisors LLC now owns 315 shares of the company’s stock valued at $54,000 after acquiring an additional 64 shares during the period. GAMMA Investing LLC increased its stake in AutoNation by 81.1% during the first quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $74,000 after acquiring an additional 206 shares during the period. Farther Finance Advisors LLC increased its stake in AutoNation by 77.1% during the fourth quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock valued at $84,000 after acquiring an additional 215 shares during the period. Finally, UMB Bank n.a. increased its stake in AutoNation by 56.8% during the first quarter. UMB Bank n.a. now owns 839 shares of the company’s stock valued at $136,000 after acquiring an additional 304 shares during the period. Institutional investors and hedge funds own 94.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AN shares. Wells Fargo & Company lifted their price objective on AutoNation from $187.00 to $209.00 and gave the company an “equal weight” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. decreased their price objective on AutoNation from $195.00 to $175.00 and set a “neutral” rating on the stock in a report on Thursday, March 27th. Wall Street Zen raised AutoNation from a “hold” rating to a “buy” rating in a report on Saturday, May 10th. Citigroup raised AutoNation to a “strong-buy” rating in a report on Thursday, April 24th. Finally, Bank of America boosted their target price on AutoNation from $225.00 to $255.00 and gave the stock a “buy” rating in a report on Monday, June 16th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AutoNation presently has a consensus rating of “Moderate Buy” and an average price target of $209.88.

AutoNation Price Performance

AN opened at $196.76 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.77 and a debt-to-equity ratio of 1.72. AutoNation, Inc. has a 12 month low of $148.33 and a 12 month high of $217.40. The company has a fifty day simple moving average of $194.99 and a 200 day simple moving average of $182.20. The stock has a market cap of $7.42 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.00 and a beta of 0.99.

AutoNation (NYSE:AN) last released its earnings results on Friday, April 25th. The company reported $4.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $0.33. The firm had revenue of $6.69 billion during the quarter, compared to analysts’ expectations of $6.53 billion. AutoNation had a return on equity of 30.08% and a net margin of 2.51%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.49 EPS. On average, research analysts expect that AutoNation, Inc. will post 18.15 EPS for the current 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.