State of Alaska Department of Revenue Has $556,000 Position in AutoNation, Inc. $AN

State of Alaska Department of Revenue reduced its stake in AutoNation, Inc. (NYSE:AN) by 7.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,803 shares of the company’s stock after selling 215 shares during the quarter. State of Alaska Department of Revenue’s holdings in AutoNation were worth $556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in AutoNation by 104.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,882 shares of the company’s stock worth $952,000 after purchasing an additional 3,001 shares during the last quarter. Cerity Partners LLC lifted its holdings in AutoNation by 95.3% in the 1st quarter. Cerity Partners LLC now owns 5,247 shares of the company’s stock worth $850,000 after purchasing an additional 2,561 shares during the last quarter. Bessemer Group Inc. lifted its holdings in AutoNation by 9.7% in the 1st quarter. Bessemer Group Inc. now owns 987 shares of the company’s stock worth $160,000 after purchasing an additional 87 shares during the last quarter. Voya Investment Management LLC lifted its holdings in AutoNation by 2.9% in the 1st quarter. Voya Investment Management LLC now owns 3,176 shares of the company’s stock worth $514,000 after purchasing an additional 89 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in AutoNation in the 1st quarter worth approximately $5,162,000. 94.62% of the stock is currently owned by institutional investors and hedge funds.

AutoNation Stock Up 0.5%

AN opened at $216.32 on Thursday. AutoNation, Inc. has a fifty-two week low of $148.33 and a fifty-two week high of $228.92. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.81 and a quick ratio of 0.21. The firm’s fifty day moving average price is $214.68 and its two-hundred day moving average price is $195.28. The company has a market capitalization of $8.16 billion, a P/E ratio of 13.55, a P/E/G ratio of 0.98 and a beta of 0.85.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Friday, July 25th. The company reported $5.46 earnings per share for the quarter, topping analysts’ consensus estimates of $4.70 by $0.76. AutoNation had a net margin of 2.31% and a return on equity of 31.12%. The firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter in the previous year, the company earned $3.99 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. On average, analysts anticipate that AutoNation, Inc. will post 18.15 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AN. Citigroup restated a “buy” rating on shares of AutoNation in a report on Thursday, September 25th. Guggenheim cut their price target on AutoNation from $230.00 to $228.00 and set a “buy” rating for the company in a report on Monday, August 11th. Bank of America cut their price target on AutoNation from $255.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. JPMorgan Chase & Co. upped their price target on AutoNation from $185.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Wall Street Zen lowered AutoNation from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, AutoNation has an average rating of “Moderate Buy” and a consensus price target of $222.63.

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.