Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of AutoNation, Inc. (NYSE:AN) by 24.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,183 shares of the company’s stock after selling 1,008 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in AutoNation were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in AutoNation by 33.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 158,720 shares of the company’s stock valued at $6,595,000 after purchasing an additional 39,526 shares during the period. Renaissance Technologies LLC purchased a new stake in AutoNation in the 3rd quarter worth about $1,475,000. We Are One Seven LLC purchased a new stake in AutoNation in the 4th quarter worth about $32,000. Inlet Private Wealth LLC purchased a new stake in AutoNation in the 4th quarter worth about $348,000. Finally, Quantamental Technologies LLC purchased a new stake in AutoNation in the 4th quarter worth about $67,000. Institutional investors and hedge funds own 63.81% of the company’s stock.
Several brokerages recently weighed in on AN. Morgan Stanley lifted their price objective on AutoNation from $27.00 to $36.00 and gave the stock an “underweight” rating in a report on Monday, May 6th. SunTrust Banks lifted their price objective on AutoNation to $43.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. ValuEngine raised AutoNation from a “strong sell” rating to a “sell” rating in a report on Friday, April 26th. Bank of America reissued a “buy” rating and issued a $55.00 price objective (down previously from $59.00) on shares of AutoNation in a report on Tuesday, February 26th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $41.00 price objective on shares of AutoNation in a report on Sunday, February 24th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $41.01.
AN stock traded up $0.47 during mid-day trading on Friday, reaching $39.56. 1,800 shares of the company traded hands, compared to its average volume of 887,893. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $3.52 billion, a PE ratio of 8.82, a PEG ratio of 3.66 and a beta of 1.12. AutoNation, Inc. has a 52-week low of $32.83 and a 52-week high of $51.99.
AutoNation (NYSE:AN) last issued its quarterly earnings results on Friday, April 26th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.13. The firm had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $5.21 billion. AutoNation had a return on equity of 15.48% and a net margin of 1.87%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the company posted $1.01 EPS. On average, equities research analysts anticipate that AutoNation, Inc. will post 4.26 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.
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