Lombard Odier Asset Management USA Corp Acquires 4,641 Shares of AutoNation, Inc. $AN

Lombard Odier Asset Management USA Corp boosted its holdings in AutoNation, Inc. (NYSE:ANFree Report) by 428.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,723 shares of the company’s stock after buying an additional 4,641 shares during the quarter. Lombard Odier Asset Management USA Corp’s holdings in AutoNation were worth $1,182,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AN. Smartleaf Asset Management LLC raised its holdings in AutoNation by 355.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 173 shares of the company’s stock valued at $38,000 after buying an additional 135 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in AutoNation by 37.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 235 shares of the company’s stock valued at $38,000 after buying an additional 64 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in AutoNation in the 4th quarter valued at approximately $41,000. Employees Retirement System of Texas bought a new position in AutoNation in the 3rd quarter valued at approximately $48,000. Finally, Sound Income Strategies LLC bought a new position in AutoNation in the 4th quarter valued at approximately $57,000. Institutional investors own 94.62% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on AN shares. Citigroup raised their price objective on shares of AutoNation from $269.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Weiss Ratings upgraded shares of AutoNation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Bank of America began coverage on shares of AutoNation in a research report on Wednesday, March 4th. They set a “buy” rating for the company. Morgan Stanley reissued an “overweight” rating and set a $240.00 target price on shares of AutoNation in a research report on Thursday, May 7th. Finally, Barclays increased their target price on shares of AutoNation from $240.00 to $255.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $246.90.

Read Our Latest Report on AutoNation

Insiders Place Their Bets

In other AutoNation news, CAO Kimberly Dees sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $204.91, for a total transaction of $512,275.00. Following the completion of the sale, the chief accounting officer owned 1,456 shares of the company’s stock, valued at approximately $298,348.96. This represents a 63.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

AutoNation Stock Performance

NYSE:AN opened at $195.60 on Wednesday. The company has a market capitalization of $6.54 billion, a PE ratio of 10.60, a P/E/G ratio of 1.03 and a beta of 0.74. The company has a 50 day simple moving average of $196.00 and a two-hundred day simple moving average of $201.52. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.20 and a current ratio of 0.81. AutoNation, Inc. has a fifty-two week low of $176.62 and a fifty-two week high of $228.92.

AutoNation (NYSE:ANGet Free Report) last released its earnings results on Friday, May 1st. The company reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.71 by ($0.02). The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.65 billion. AutoNation had a net margin of 2.47% and a return on equity of 31.45%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $4.68 EPS. Research analysts anticipate that AutoNation, Inc. will post 21.19 earnings per share for the current year.

AutoNation Profile

(Free Report)

AutoNation, Inc is the largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores and collision-repair centers. The company offers a comprehensive range of automotive products and services, including the sale of new cars and light trucks from leading manufacturers, certified pre-owned vehicles and a wide selection of used models. In addition to retail vehicle sales, AutoNation provides financing, insurance and extended service contracts through its in-house financial services division, as well as genuine and aftermarket parts, factory-recommended maintenance and collision-repair services.

Headquartered in Fort Lauderdale, Florida, AutoNation was founded in 1996 by entrepreneur H.

See Also

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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