Vise Technologies Inc. purchased a new position in AutoNation, Inc. (NYSE:AN – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,696 shares of the company’s stock, valued at approximately $501,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its position in shares of AutoNation by 192,434.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,424,431 shares of the company’s stock valued at $913,557,000 after buying an additional 4,422,133 shares during the last quarter. BlackRock Inc. bought a new position in shares of AutoNation during the second quarter worth $438,689,000. Norges Bank bought a new position in shares of AutoNation during the fourth quarter worth $69,319,000. Arrowstreet Capital Limited Partnership grew its stake in AutoNation by 260.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 333,975 shares of the company’s stock valued at $73,064,000 after acquiring an additional 241,265 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in AutoNation by 51.8% during the second quarter. AQR Capital Management LLC now owns 631,744 shares of the company’s stock valued at $125,439,000 after acquiring an additional 215,577 shares in the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.
AutoNation Stock Performance
NYSE:AN opened at $195.27 on Tuesday. The stock’s fifty day moving average is $200.64 and its 200 day moving average is $197.69. AutoNation, Inc. has a fifty-two week low of $176.62 and a fifty-two week high of $235.81. The firm has a market capitalization of $6.46 billion, a PE ratio of 9.04, a PEG ratio of 0.83 and a beta of 0.71. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.18 and a current ratio of 0.78.
Insider Buying and Selling at AutoNation
In other news, Director Lisa Lutoff-Perlo sold 900 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $220.00, for a total value of $198,000.00. Following the completion of the sale, the director owned 7,989 shares in the company, valued at approximately $1,757,580. This trade represents a 10.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.
Analyst Ratings Changes
AN has been the topic of several research reports. Wells Fargo & Company lifted their target price on AutoNation from $202.00 to $224.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. cut their price target on AutoNation from $235.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, August 4th. Stephens raised their price target on AutoNation from $220.00 to $232.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Seaport Research Partners reaffirmed a “buy” rating and issued a $255.00 price objective on shares of AutoNation in a research note on Monday, August 3rd. Finally, Barclays upped their price objective on AutoNation from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $250.00.
Read Our Latest Research Report on AutoNation
AutoNation Company Profile
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.
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