Focus Partners Advisor Solutions LLC Purchases 1,040 Shares of AutoNation, Inc. $AN

Focus Partners Advisor Solutions LLC increased its position in AutoNation, Inc. (NYSE:AN) by 27.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,875 shares of the company’s stock after acquiring an additional 1,040 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in AutoNation were worth $968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AN. Geneos Wealth Management Inc. boosted its stake in AutoNation by 37.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 235 shares of the company’s stock worth $38,000 after purchasing an additional 64 shares during the period. GAMMA Investing LLC boosted its position in shares of AutoNation by 81.1% during the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock valued at $74,000 after acquiring an additional 206 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of AutoNation by 45.3% during the 2nd quarter. Parallel Advisors LLC now owns 375 shares of the company’s stock valued at $74,000 after acquiring an additional 117 shares during the last quarter. SVB Wealth LLC bought a new stake in AutoNation in the first quarter worth $86,000. Finally, IFP Advisors Inc lifted its position in AutoNation by 38.0% in the second quarter. IFP Advisors Inc now owns 508 shares of the company’s stock worth $101,000 after buying an additional 140 shares during the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.

AutoNation Trading Down 2.6%

AutoNation stock opened at $195.04 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.20 and a debt-to-equity ratio of 1.93. The firm has a market cap of $7.35 billion, a PE ratio of 11.47, a P/E/G ratio of 0.93 and a beta of 0.85. The stock’s 50 day simple moving average is $218.23 and its two-hundred day simple moving average is $200.07. AutoNation, Inc. has a 12 month low of $148.33 and a 12 month high of $228.92.

AutoNation (NYSE:AN) last announced its earnings results on Thursday, October 23rd. The company reported $5.01 earnings per share for the quarter, topping the consensus estimate of $4.85 by $0.16. The business 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 business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.02 EPS. Analysts anticipate that AutoNation, Inc. will post 18.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AN. JPMorgan Chase & Co. raised their price target on AutoNation from $205.00 to $230.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Weiss Ratings upgraded AutoNation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Guggenheim decreased their target price on AutoNation from $230.00 to $228.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Wall Street Zen downgraded shares of AutoNation from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Bank of America cut their target price on shares of AutoNation from $255.00 to $250.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, AutoNation presently has an average rating of “Moderate Buy” and a consensus target price of $225.63.

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.