M&T Bank Corp Boosts Holdings in AutoNation, Inc. (NYSE:AN)

M&T Bank Corp raised its stake in AutoNation, Inc. (NYSE:AN) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,076 shares of the company’s stock after acquiring an additional 379 shares during the quarter. M&T Bank Corp’s holdings in AutoNation were worth $1,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new stake in AutoNation in the 2nd quarter worth about $37,000. Venturi Wealth Management LLC increased its stake in shares of AutoNation by 403.6% in the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock worth $50,000 after purchasing an additional 226 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of AutoNation by 54.0% in the third quarter. GAMMA Investing LLC now owns 311 shares of the company’s stock worth $56,000 after purchasing an additional 109 shares in the last quarter. Quarry LP raised its position in shares of AutoNation by 498.5% in the second quarter. Quarry LP now owns 407 shares of the company’s stock valued at $65,000 after purchasing an additional 339 shares during the period. Finally, Fifth Third Bancorp lifted its stake in shares of AutoNation by 212.2% during the 2nd quarter. Fifth Third Bancorp now owns 743 shares of the company’s stock valued at $118,000 after buying an additional 505 shares in the last quarter. 94.62% of the stock is owned by institutional investors.

AutoNation Stock Down 1.3 %

AN stock opened at $172.70 on Monday. The company’s 50 day moving average is $168.35 and its 200 day moving average is $169.45. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 3.63 and a beta of 1.24. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. AutoNation, Inc. has a 1-year low of $133.13 and a 1-year high of $197.18.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Bank of America reduced their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Wells Fargo & Company dropped their price objective on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Guggenheim reduced their target price on AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Stephens assumed coverage on shares of AutoNation in a report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.29.

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.