Concurrent Investment Advisors LLC Buys 105 Shares of AutoNation, Inc. (NYSE:AN)

Concurrent Investment Advisors LLC raised its stake in AutoNation, Inc. (NYSE:AN) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,426 shares of the company’s stock after purchasing an additional 105 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in AutoNation were worth $922,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC grew its stake in AutoNation by 12.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 2,304 shares of the company’s stock worth $412,000 after purchasing an additional 251 shares during the period. Louisiana State Employees Retirement System grew its stake in AutoNation by 5.8% in the third quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the company’s stock worth $1,306,000 after purchasing an additional 400 shares during the period. Arkadios Wealth Advisors purchased a new stake in AutoNation in the third quarter worth $201,000. Wealth Enhancement Advisory Services LLC grew its stake in AutoNation by 2.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,845 shares of the company’s stock worth $509,000 after purchasing an additional 62 shares during the period. Finally, Modera Wealth Management LLC purchased a new stake in AutoNation in the third quarter worth $201,000. Institutional investors own 94.62% of the company’s stock.

AutoNation Price Performance

NYSE:AN opened at $181.19 on Monday. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 3.66 and a beta of 1.25. AutoNation, Inc. has a 1 year low of $136.79 and a 1 year high of $198.50. The business has a 50 day simple moving average of $181.12 and a 200-day simple moving average of $174.11. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.20.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.26 by $0.71. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. Equities analysts forecast that AutoNation, Inc. will post 18.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AN shares. Evercore ISI increased their target price on AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Guggenheim reissued a “buy” rating on shares of AutoNation in a research note on Wednesday, February 12th. Wells Fargo & Company increased their target price on AutoNation from $170.00 to $194.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. Stephens increased their target price on AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. Finally, StockNews.com raised AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $204.71.

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.