Quantinno Capital Management LP Has $4.17 Million Stake in AutoNation, Inc. (NYSE:AN)

Quantinno Capital Management LP trimmed its position in AutoNation, Inc. (NYSE:AN) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,523 shares of the company’s stock after selling 3,106 shares during the period. Quantinno Capital Management LP owned approximately 0.06% of AutoNation worth $4,165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Global X Japan Co. Ltd. raised its position in AutoNation by 150.8% in the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock valued at $27,000 after buying an additional 95 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of AutoNation by 25.5% during the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company’s stock worth $54,000 after acquiring an additional 64 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of AutoNation by 77.1% in the fourth quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock valued at $84,000 after purchasing an additional 215 shares during the last quarter. Curio Wealth LLC bought a new stake in shares of AutoNation in the fourth quarter worth $197,000. Finally, R Squared Ltd acquired a new position in AutoNation during the fourth quarter worth $218,000. 94.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AN has been the topic of several recent research reports. Citigroup upgraded shares of AutoNation to a “strong-buy” rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on AutoNation from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. StockNews.com upgraded AutoNation from a “hold” rating to a “buy” rating in a report on Saturday, May 10th. Evercore ISI increased their price target on AutoNation from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company lowered their price target on AutoNation from $194.00 to $176.00 and set an “equal weight” rating on the stock in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $200.75.

AutoNation Trading Down 0.3%

AutoNation stock opened at $190.17 on Monday. The stock has a 50-day simple moving average of $169.99 and a 200 day simple moving average of $174.66. The stock has a market capitalization of $7.17 billion, a P/E ratio of 11.23, a PEG ratio of 3.51 and a beta of 1.00. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.74. AutoNation, Inc. has a 52 week low of $148.33 and a 52 week high of $198.50.

AutoNation (NYSE:AN) last issued its earnings results on Friday, April 25th. The company reported $4.68 EPS for the quarter, topping the consensus estimate of $4.35 by $0.33. The company had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $6.53 billion. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.49 EPS. Analysts expect 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.