Conscious Wealth Investments LLC Acquires 56 Shares of AutoNation, Inc. $AN

Conscious Wealth Investments LLC grew its holdings in AutoNation, Inc. (NYSE:AN) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,933 shares of the company’s stock after purchasing an additional 56 shares during the period. AutoNation comprises about 2.7% of Conscious Wealth Investments LLC’s investment portfolio, making the stock its 12th biggest holding. Conscious Wealth Investments LLC owned 0.06% of AutoNation worth $4,239,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Sagespring Wealth Partners LLC increased its holdings in AutoNation by 1.1% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 5,622 shares of the company’s stock worth $1,117,000 after buying an additional 62 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of AutoNation by 37.4% in the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the company’s stock worth $38,000 after acquiring an additional 64 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of AutoNation by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,580 shares of the company’s stock worth $1,227,000 after acquiring an additional 67 shares during the period. IVC Wealth Advisors LLC grew its stake in shares of AutoNation by 0.9% in the second quarter. IVC Wealth Advisors LLC now owns 9,074 shares of the company’s stock worth $1,803,000 after acquiring an additional 78 shares during the period. Finally, Ethic Inc. grew its position in AutoNation by 1.9% in the 1st quarter. Ethic Inc. now owns 4,635 shares of the company’s stock worth $761,000 after purchasing an additional 85 shares during the period. 94.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AN shares. Guggenheim cut their target price on shares of AutoNation from $230.00 to $228.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Citigroup reaffirmed a “buy” rating on shares of AutoNation in a report on Thursday, September 25th. Wall Street Zen downgraded AutoNation from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings upgraded AutoNation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Finally, Morgan Stanley boosted their target price on shares of AutoNation from $195.00 to $220.00 and gave the company an “overweight” rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $225.63.

AutoNation Trading Down 2.6%

Shares of NYSE:AN opened at $195.04 on Tuesday. The stock has a 50 day moving average of $218.23 and a 200 day moving average of $200.07. The company has a market cap of $7.35 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 0.93 and a beta of 0.85. The company has a current ratio of 0.79, a quick ratio of 0.20 and a debt-to-equity ratio of 1.93. AutoNation, Inc. has a 12-month low of $148.33 and a 12-month high of $228.92.

AutoNation (NYSE:AN) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $5.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.85 by $0.16. The company had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.74 billion. AutoNation had a return on equity of 31.84% and a net margin of 2.38%.The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.02 EPS. As a group, equities research analysts expect that AutoNation, Inc. will post 18.15 EPS for the current year.

AutoNation 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.