Quantitative Systematic Strategies LLC lessened its position in AutoNation (NYSE:AN) by 21.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,502 shares of the company’s stock after selling 2,528 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in AutoNation were worth $445,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in shares of AutoNation during the 4th quarter worth about $195,000. Campbell & CO Investment Adviser LLC bought a new position in shares of AutoNation during the 1st quarter worth about $201,000. MANA Advisors LLC bought a new position in shares of AutoNation during the 4th quarter worth about $218,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of AutoNation by 36.8% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,200 shares of the company’s stock worth $267,000 after purchasing an additional 1,400 shares during the period. Finally, Invictus RG bought a new position in shares of AutoNation during the 4th quarter worth about $268,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.
Shares of AutoNation opened at $46.11 on Wednesday, Marketbeat Ratings reports. The company has a current ratio of 0.86, a quick ratio of 0.21 and a debt-to-equity ratio of 0.79. AutoNation has a twelve month low of $45.89 and a twelve month high of $47.02. The stock has a market cap of $4.23 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.36 and a beta of 1.40.
AutoNation (NYSE:AN) last issued its earnings results on Tuesday, May 1st. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.01. AutoNation had a net margin of 1.99% and a return on equity of 15.97%. The business had revenue of $5.26 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the business earned $0.97 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. research analysts forecast that AutoNation will post 4.88 earnings per share for the current year.
Several research analysts have recently issued reports on AN shares. Morgan Stanley boosted their price objective on shares of AutoNation from $49.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, March 14th. Guggenheim assumed coverage on shares of AutoNation in a report on Monday, April 16th. They set a “neutral” rating on the stock. Bank of America set a $68.00 target price on shares of AutoNation and gave the company a “hold” rating in a research report on Friday, February 9th. Jefferies Group reiterated a “hold” rating and set a $60.00 target price on shares of AutoNation in a research report on Friday, February 2nd. Finally, ValuEngine lowered shares of AutoNation from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $50.78.
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.
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