Corient Private Wealth LLC Decreases Stock Position in AutoNation, Inc. (NYSE:AN)

Corient Private Wealth LLC reduced its position in AutoNation, Inc. (NYSE:AN) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,600 shares of the company’s stock after selling 1,017 shares during the quarter. Corient Private Wealth LLC owned approximately 0.05% of AutoNation worth $3,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of AN. Simcoe Capital Management LLC purchased a new stake in AutoNation in the third quarter worth $42,255,000. Holocene Advisors LP bought a new position in shares of AutoNation in the third quarter worth $20,046,000. Verition Fund Management LLC boosted its holdings in shares of AutoNation by 739.9% in the third quarter. Verition Fund Management LLC now owns 109,040 shares of the company’s stock worth $19,509,000 after acquiring an additional 96,058 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of AutoNation in the fourth quarter worth $13,239,000. Finally, Raymond James Financial Inc. bought a new position in shares of AutoNation in the fourth quarter worth $7,836,000. 94.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price target on AutoNation from $170.00 to $194.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Stephens raised their price target on AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Evercore ISI raised their price target on AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. StockNews.com raised AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted their price objective on AutoNation from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $204.71.

AutoNation Trading Up 0.8 %

Shares of AN stock opened at $167.02 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39. The business has a 50-day moving average price of $180.94 and a two-hundred day moving average price of $173.53. AutoNation, Inc. has a 12-month low of $150.08 and a 12-month high of $198.50. The firm has a market cap of $6.56 billion, a P/E ratio of 9.86, a price-to-earnings-growth ratio of 3.51 and a beta of 1.32.

AutoNation (NYSE:AN) last released its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 EPS for the quarter, topping the consensus estimate of $4.26 by $0.71. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. Equities analysts anticipate that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.

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.