BlueCrest Capital Management Ltd decreased its position in shares of AutoNation, Inc. (NYSE:AN) by 49.5% during the 4th quarter, Holdings Channel reports. The fund owned 33,786 shares of the company’s stock after selling 33,159 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in AutoNation were worth $1,734,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Nationwide Fund Advisors raised its holdings in AutoNation by 300.0% during the 3rd quarter. Nationwide Fund Advisors now owns 121,771 shares of the company’s stock worth $5,779,000 after buying an additional 91,329 shares during the period. Aperio Group LLC raised its holdings in AutoNation by 12.4% during the 3rd quarter. Aperio Group LLC now owns 19,476 shares of the company’s stock worth $924,000 after buying an additional 2,153 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in AutoNation during the 3rd quarter worth approximately $590,000. State of Wisconsin Investment Board raised its holdings in AutoNation by 17.3% during the 3rd quarter. State of Wisconsin Investment Board now owns 60,169 shares of the company’s stock worth $2,856,000 after buying an additional 8,872 shares during the period. Finally, State of Tennessee Treasury Department raised its holdings in AutoNation by 233.3% during the 3rd quarter. State of Tennessee Treasury Department now owns 60,000 shares of the company’s stock worth $2,848,000 after buying an additional 41,998 shares during the period. 69.21% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have commented on AN shares. Bank of America set a $68.00 target price on shares of AutoNation and gave the stock a “hold” rating in a report on Friday, February 9th. Moffett Nathanson started coverage on shares of AutoNation in a report on Monday, December 4th. They set a “neutral” rating on the stock. Finally, Jefferies Group restated a “hold” rating and set a $60.00 target price on shares of AutoNation in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. AutoNation presently has a consensus rating of “Hold” and an average price target of $50.33.
Shares of AutoNation, Inc. (AN) opened at $51.49 on Monday. The company has a quick ratio of 0.25, a current ratio of 0.85 and a debt-to-equity ratio of 0.83. AutoNation, Inc. has a fifty-two week low of $38.20 and a fifty-two week high of $62.02. The stock has a market cap of $4,730.00, a P/E ratio of 12.87, a PEG ratio of 1.23 and a beta of 1.36.
AutoNation (NYSE:AN) last posted its quarterly earnings data on Thursday, February 1st. The company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.10. AutoNation had a net margin of 2.02% and a return on equity of 16.24%. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the company earned $0.86 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. sell-side analysts predict that AutoNation, Inc. will post 4.92 EPS for the current fiscal year.
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AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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