Mutual of America Capital Management LLC Sells 893 Shares of AutoNation, Inc. $AN

Mutual of America Capital Management LLC reduced its holdings in shares of AutoNation, Inc. (NYSE:AN) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,375 shares of the company’s stock after selling 893 shares during the quarter. Mutual of America Capital Management LLC’s holdings in AutoNation were worth $2,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Koshinski Asset Management Inc. bought a new stake in shares of AutoNation during the 2nd quarter worth $209,000. Tweedy Browne Co LLC bought a new position in AutoNation in the second quarter valued at about $503,000. Allianz Asset Management GmbH boosted its stake in shares of AutoNation by 26.1% during the second quarter. Allianz Asset Management GmbH now owns 171,130 shares of the company’s stock valued at $33,995,000 after purchasing an additional 35,376 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in shares of AutoNation by 1.1% during the second quarter. Sagespring Wealth Partners LLC now owns 5,622 shares of the company’s stock worth $1,117,000 after purchasing an additional 62 shares during the last quarter. Finally, Moran Wealth Management LLC acquired a new position in shares of AutoNation in the second quarter valued at approximately $225,000. 94.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AN shares. JPMorgan Chase & Co. raised their price objective on shares of AutoNation from $205.00 to $230.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Weiss Ratings upgraded shares of AutoNation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Wall Street Zen lowered shares of AutoNation from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Wells Fargo & Company dropped their price objective on shares of AutoNation from $221.00 to $220.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. Finally, Morgan Stanley raised their price objective on shares of AutoNation from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, AutoNation has a consensus rating of “Moderate Buy” and an average target price of $225.63.

AutoNation Price Performance

Shares of AN opened at $200.20 on Friday. AutoNation, Inc. has a 1 year low of $148.33 and a 1 year 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 company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.85. The business has a 50-day moving average of $218.47 and a 200-day moving average of $199.44.

AutoNation (NYSE:AN) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $5.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.85 by $0.16. AutoNation had a return on equity of 32.07% and a net margin of 2.38%.The company had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.74 billion. During the same period last year, the company earned $4.02 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, equities research analysts anticipate that AutoNation, Inc. will post 18.15 earnings per share for the current year.

AutoNation 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.