Inspire Investing LLC lifted its holdings in AutoNation, Inc. (NYSE:AN – Free Report) by 30.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,626 shares of the company’s stock after acquiring an additional 4,309 shares during the quarter. Inspire Investing LLC’s holdings in AutoNation were worth $3,846,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Geneos Wealth Management Inc. grew its position in AutoNation by 37.4% during the first 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 period. Smartleaf Asset Management LLC grew its position in AutoNation by 355.3% during the third 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 period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in AutoNation during the fourth quarter valued at $41,000. Employees Retirement System of Texas acquired a new stake in AutoNation during the third quarter valued at $48,000. Finally, Sound Income Strategies LLC acquired a new stake in AutoNation during the fourth quarter valued at $57,000. Institutional investors and hedge funds own 94.62% of the company’s stock.
AutoNation Stock Performance
AN opened at $186.20 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 2.62. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.05 and a beta of 0.74. AutoNation, Inc. has a 52-week low of $176.62 and a 52-week high of $228.92. The firm’s fifty day simple moving average is $195.79 and its two-hundred day simple moving average is $201.35.
Analysts Set New Price Targets
Several analysts recently commented on AN shares. Bank of America started coverage on shares of AutoNation in a research report on Wednesday, March 4th. They set a “buy” rating on the stock. Morgan Stanley restated an “overweight” rating and set a $240.00 price target on shares of AutoNation in a research report on Thursday, May 7th. Wells Fargo & Company raised their price target on shares of AutoNation from $207.00 to $208.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of AutoNation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Finally, UBS Group started coverage on shares of AutoNation in a research report on Wednesday, May 27th. They set a “buy” rating and a $234.00 price target on the stock. Nine equities research 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, AutoNation presently has a consensus rating of “Moderate Buy” and an average target price of $246.90.
Check Out Our Latest Research Report on AutoNation
Insider Transactions at AutoNation
In other AutoNation news, CAO Kimberly Dees sold 2,500 shares of the stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.
About AutoNation
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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