AutoNation, Inc. (NYSE:AN) Holdings Increased by Moran Wealth Management LLC

Moran Wealth Management LLC boosted its position in shares of AutoNation, Inc. (NYSE:AN) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,827 shares of the company’s stock after buying an additional 303 shares during the quarter. Moran Wealth Management LLC owned 0.12% of AutoNation worth $8,293,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Fortitude Family Office LLC boosted its position in AutoNation by 581.8% during the 4th quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock worth $25,000 after acquiring an additional 128 shares during the period. Global X Japan Co. Ltd. boosted its holdings in AutoNation by 150.8% in the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock valued at $27,000 after purchasing an additional 95 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of AutoNation by 403.6% in the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after buying an additional 226 shares during the period. McIlrath & Eck LLC lifted its position in shares of AutoNation by 16.4% in the 3rd quarter. McIlrath & Eck LLC now owns 964 shares of the company’s stock worth $172,000 after acquiring an additional 136 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new stake in AutoNation during the third quarter worth $201,000. 94.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. StockNews.com upgraded AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Stephens boosted their target price on AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Wells Fargo & Company lifted their target price on AutoNation from $170.00 to $194.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. upped their price target on shares of AutoNation from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, Guggenheim reissued a “buy” rating on shares of AutoNation in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, AutoNation currently has an average rating of “Moderate Buy” and an average target price of $204.71.

AutoNation Stock Down 0.4 %

Shares of NYSE:AN opened at $171.14 on Monday. The firm has a market cap of $6.68 billion, a P/E ratio of 10.10, a PEG ratio of 3.51 and a beta of 1.32. AutoNation, Inc. has a 52-week low of $147.31 and a 52-week high of $198.50. The business’s 50 day simple moving average is $182.31 and its two-hundred day simple moving average is $174.48. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.74.

AutoNation (NYSE:AN) last released its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 EPS for the quarter, beating analysts’ consensus estimates of $4.26 by $0.71. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. As a group, research analysts forecast that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.

AutoNation Company Profile

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.