Quantinno Capital Management LP Sells 3,106 Shares of AutoNation, Inc. (NYSE:AN)

Quantinno Capital Management LP cut its position in AutoNation, Inc. (NYSE:AN) by 11.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,523 shares of the company’s stock after selling 3,106 shares during the quarter. Quantinno Capital Management LP’s holdings in AutoNation were worth $4,165,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Partners increased its position in AutoNation by 12.6% during the 4th quarter. Boston Partners now owns 1,814,228 shares of the company’s stock worth $309,312,000 after buying an additional 203,335 shares during the period. Brave Warrior Advisors LLC increased its position in AutoNation by 50.3% during the fourth quarter. Brave Warrior Advisors LLC now owns 1,461,213 shares of the company’s stock worth $248,172,000 after acquiring an additional 488,904 shares during the period. Alyeska Investment Group L.P. raised its stake in AutoNation by 63.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,104,934 shares of the company’s stock worth $187,662,000 after purchasing an additional 426,882 shares in the last quarter. Alliancebernstein L.P. raised its stake in AutoNation by 23.3% in the 4th quarter. Alliancebernstein L.P. now owns 851,870 shares of the company’s stock worth $144,682,000 after purchasing an additional 160,794 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in AutoNation by 422.7% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 575,000 shares of the company’s stock valued at $97,658,000 after purchasing an additional 465,000 shares during the period. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Price Performance

AutoNation stock opened at $190.17 on Monday. 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 $148.33 and a 52 week high of $198.50. The stock has a market capitalization of $7.17 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 3.51 and a beta of 1.00. The stock has a fifty day moving average of $169.99 and a 200-day moving average of $174.66.

AutoNation (NYSE:AN) last issued its earnings results on Friday, April 25th. The company reported $4.68 EPS for the quarter, topping the consensus estimate of $4.35 by $0.33. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. The firm had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $6.53 billion. During the same quarter in the previous year, the firm earned $4.49 earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts expect that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

AN has been the topic of several recent research reports. Citigroup raised shares of AutoNation to a “strong-buy” rating in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price objective on AutoNation from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Thursday, March 27th. Wells Fargo & Company cut their target price on AutoNation from $194.00 to $176.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. 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. Finally, Cfra Research raised shares of AutoNation to a “strong-buy” rating in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $200.75.

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.