Mach 1 Financial Group LLC bought a new position in shares of AutoNation, Inc. (NYSE:AN – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,694 shares of the company’s stock, valued at approximately $556,000.
Several other hedge funds have also modified their holdings of AN. Royal Bank of Canada boosted its stake in shares of AutoNation by 8.9% during the 1st quarter. Royal Bank of Canada now owns 18,953 shares of the company’s stock worth $3,070,000 after acquiring an additional 1,551 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of AutoNation during the 1st quarter worth about $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of AutoNation by 10.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 98,610 shares of the company’s stock valued at $15,967,000 after buying an additional 9,656 shares in the last quarter. Focus Partners Wealth lifted its position in shares of AutoNation by 17.3% during the 1st quarter. Focus Partners Wealth now owns 3,472 shares of the company’s stock valued at $562,000 after buying an additional 511 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of AutoNation by 37.4% during 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 in the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.
AutoNation Price Performance
AutoNation stock opened at $186.57 on Friday. AutoNation, Inc. has a 52-week low of $176.25 and a 52-week high of $228.92. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.98 and a beta of 0.79. The company has a fifty day simple moving average of $195.50 and a 200-day simple moving average of $202.43. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 2.62.
Insiders Place Their Bets
In other AutoNation news, CAO Kimberly Dees sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $204.91, for a total value of $512,275.00. Following the transaction, the chief accounting officer directly owned 1,456 shares of the company’s stock, valued at $298,348.96. This trade represents a 63.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on AN. Stephens increased their target price on AutoNation from $228.00 to $232.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 11th. Citigroup increased their target price on AutoNation from $269.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Morgan Stanley reiterated an “overweight” rating and set a $240.00 target price on shares of AutoNation in a research report on Thursday, May 7th. Wells Fargo & Company increased their target price on AutoNation from $207.00 to $208.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Finally, Barclays raised their price target on shares of AutoNation from $240.00 to $255.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.33.
View Our Latest Analysis on AN
AutoNation 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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