Larson Financial Group LLC Boosts Holdings in AutoNation, Inc. (NYSE:AN)

Larson Financial Group LLC lifted its stake in shares of AutoNation, Inc. (NYSE:AN) by 10.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,629 shares of the company’s stock after acquiring an additional 158 shares during the period. Larson Financial Group LLC’s holdings in AutoNation were worth $291,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in AutoNation by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,605,708 shares of the company’s stock worth $255,910,000 after purchasing an additional 41,712 shares during the period. Boston Partners acquired a new stake in shares of AutoNation during the 1st quarter worth $170,270,000. LSV Asset Management raised its position in shares of AutoNation by 0.6% in the 2nd quarter. LSV Asset Management now owns 781,825 shares of the company’s stock worth $124,607,000 after buying an additional 4,350 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in AutoNation by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company’s stock valued at $57,413,000 after acquiring an additional 19,015 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in AutoNation during the second quarter valued at about $15,832,000. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Stock Performance

NYSE:AN opened at $179.63 on Wednesday. The firm has a 50-day moving average of $167.63 and a two-hundred day moving average of $168.54. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. The stock has a market cap of $7.12 billion, a P/E ratio of 10.36, a PEG ratio of 3.62 and a beta of 1.21. AutoNation, Inc. has a 1-year low of $130.35 and a 1-year high of $197.18.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AN. Morgan Stanley raised AutoNation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $145.00 to $200.00 in a research note on Wednesday, September 25th. Stephens assumed coverage on shares of AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price target on the stock. Guggenheim cut their target price on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Bank of America reduced their target price on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Wells Fargo & Company cut their price objective on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.29.

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.