Callan Family Office LLC Invests $455,000 in AutoNation, Inc. $AN

Callan Family Office LLC bought a new position in AutoNation, Inc. (NYSE:AN) during the second quarter, Holdings Channel.com reports. The firm bought 2,289 shares of the company’s stock, valued at approximately $455,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in shares of AutoNation by 37.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 235 shares of the company’s stock worth $38,000 after buying an additional 64 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of AutoNation by 81.1% in the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock worth $74,000 after buying an additional 206 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of AutoNation by 45.3% in the 2nd quarter. Parallel Advisors LLC now owns 375 shares of the company’s stock worth $74,000 after buying an additional 117 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of AutoNation in the 1st quarter worth approximately $86,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of AutoNation by 762.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 923 shares of the company’s stock worth $149,000 after buying an additional 816 shares during the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AN shares. Weiss Ratings downgraded AutoNation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Citigroup reiterated a “buy” rating on shares of AutoNation in a research note on Thursday, September 25th. Wall Street Zen downgraded AutoNation from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Stephens upped their price objective on AutoNation from $190.00 to $200.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Finally, Wells Fargo & Company upped their price objective on AutoNation from $209.00 to $221.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $225.75.

AutoNation Trading Up 2.4%

Shares of AN stock opened at $220.97 on Wednesday. The company’s fifty day simple moving average is $216.68 and its two-hundred day simple moving average is $196.79. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.81 and a quick ratio of 0.21. AutoNation, Inc. has a 1 year low of $148.33 and a 1 year high of $228.92. The stock has a market capitalization of $8.33 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 0.99 and a beta of 0.85.

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

About AutoNation

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.