Mutual of America Capital Management LLC Has $2.46 Million Stock Position in AutoNation, Inc. $AN

Mutual of America Capital Management LLC lowered its holdings in shares of AutoNation, Inc. (NYSE:AN) by 6.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,375 shares of the company’s stock after selling 893 shares during the period. Mutual of America Capital Management LLC’s holdings in AutoNation were worth $2,458,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its stake in AutoNation by 37.4% during the first 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. Parallel Advisors LLC grew its stake in AutoNation by 45.3% during the second quarter. Parallel Advisors LLC now owns 375 shares of the company’s stock worth $74,000 after purchasing an additional 117 shares during the period. GAMMA Investing LLC grew its stake in AutoNation by 81.1% in the first 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 period. IFP Advisors Inc increased its holdings in shares of AutoNation by 38.0% during the second quarter. IFP Advisors Inc now owns 508 shares of the company’s stock valued at $101,000 after acquiring an additional 140 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of AutoNation during the first quarter valued at approximately $86,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Stock Down 4.1%

Shares of NYSE:AN opened at $200.20 on Friday. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 0.97 and a beta of 0.85. The company has a quick ratio of 0.21, a current ratio of 0.81 and a debt-to-equity ratio of 1.84. AutoNation, Inc. has a 12-month low of $148.33 and a 12-month high of $228.92. The business’s 50 day moving average is $218.47 and its 200 day moving average is $199.44.

AutoNation (NYSE:AN) last announced its earnings results on Thursday, October 23rd. The company reported $5.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.85 by $0.16. The company had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.74 billion. AutoNation had a return on equity of 32.07% and a net margin of 2.38%.AutoNation’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.02 earnings per share. On average, sell-side analysts forecast that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AN shares. Weiss Ratings upgraded AutoNation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Bank of America decreased their price objective on AutoNation from $255.00 to $250.00 and set a “buy” rating for the company in a report on Wednesday, September 10th. JPMorgan Chase & Co. boosted their price objective on AutoNation from $205.00 to $230.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Guggenheim decreased their price objective on AutoNation from $230.00 to $228.00 and set a “buy” rating for the company in a report on Monday, August 11th. Finally, Citigroup restated a “buy” rating on shares of AutoNation in a report on Thursday, September 25th. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $225.63.

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.