Gamco Investors INC. ET AL trimmed its holdings in shares of AutoNation, Inc. (NYSE:AN – Free Report) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 317,318 shares of the company’s stock after selling 11,800 shares during the quarter. Gamco Investors INC. ET AL owned about 0.95% of AutoNation worth $61,960,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its holdings in shares of AutoNation by 37.4% during the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the company’s stock worth $38,000 after purchasing an additional 64 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in AutoNation in the fourth quarter valued at approximately $41,000. Employees Retirement System of Texas purchased a new stake in AutoNation in the third quarter valued at approximately $48,000. Smartleaf Asset Management LLC lifted its position in AutoNation by 49.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 259 shares of the company’s stock valued at $54,000 after purchasing an additional 86 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new stake in AutoNation during the fourth quarter valued at approximately $57,000. 94.62% of the stock is currently owned by institutional investors.
AutoNation Stock Up 1.6%
Shares of NYSE AN opened at $208.28 on Friday. AutoNation, Inc. has a one year low of $176.62 and a one year high of $228.92. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.81 and a quick ratio of 0.20. The firm’s 50 day simple moving average is $192.22 and its two-hundred day simple moving average is $198.30. The stock has a market capitalization of $6.97 billion, a P/E ratio of 11.28, a PEG ratio of 0.87 and a beta of 0.75.
Insider Activity at AutoNation
In related 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 owned 1,456 shares of the company’s stock, valued at approximately $298,348.96. This trade represents a 63.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on AN shares. Weiss Ratings raised shares of AutoNation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Wells Fargo & Company lowered their price objective on shares of AutoNation from $208.00 to $202.00 and set an “equal weight” rating on the stock in a research report on Monday, July 6th. UBS Group began coverage on shares of AutoNation in a report on Wednesday, May 27th. They set a “buy” rating and a $234.00 price objective for the company. Barclays upped their target price on shares of AutoNation from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Citigroup increased their target price on AutoNation from $269.00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $246.18.
Get Our Latest 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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