Investment House LLC Has $8.08 Million Stock Holdings in AutoNation, Inc. (NYSE:AN)

Investment House LLC decreased its holdings in shares of AutoNation, Inc. (NYSE:AN) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,590 shares of the company’s stock after selling 650 shares during the quarter. Investment House LLC’s holdings in AutoNation were worth $8,083,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Boston Partners lifted its holdings in AutoNation by 12.6% during the 4th quarter. Boston Partners now owns 1,814,228 shares of the company’s stock valued at $309,312,000 after purchasing an additional 203,335 shares during the last quarter. State Street Corp lifted its holdings in AutoNation by 2.3% during the 3rd quarter. State Street Corp now owns 854,034 shares of the company’s stock valued at $152,804,000 after purchasing an additional 19,037 shares during the last quarter. Geode Capital Management LLC increased its position in AutoNation by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 433,730 shares of the company’s stock worth $77,623,000 after buying an additional 18,588 shares during the period. Charles Schwab Investment Management Inc. increased its position in AutoNation by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 327,165 shares of the company’s stock worth $55,566,000 after buying an additional 6,277 shares during the period. Finally, Simcoe Capital Management LLC bought a new position in AutoNation during the 3rd quarter worth $42,255,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Stock Down 0.6 %

Shares of NYSE AN opened at $163.18 on Wednesday. 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, Inc. has a 52 week low of $150.08 and a 52 week high of $198.50. The stock has a market capitalization of $6.40 billion, a P/E ratio of 9.63, a PEG ratio of 3.51 and a beta of 1.32. The stock’s fifty day moving average is $181.29 and its 200 day moving average is $173.70.

AutoNation (NYSE:AN) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 EPS for the quarter, topping 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%. Sell-side analysts forecast that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AN shares. StockNews.com upgraded AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Evercore ISI increased their price objective on AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Wells Fargo & Company increased their price objective on AutoNation from $170.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. increased their price objective on AutoNation from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Finally, Stephens raised their price target on AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $204.71.

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.