AutoNation, Inc. (NYSE:AN) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC lowered its stake in shares of AutoNation, Inc. (NYSE:AN) by 1.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 286,763 shares of the company’s stock after selling 4,946 shares during the period. AutoNation makes up approximately 0.8% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 16th largest position. Horizon Kinetics Asset Management LLC’s holdings in AutoNation were worth $51,308,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Boston Partners purchased a new stake in AutoNation during the first quarter worth about $170,270,000. WINTON GROUP Ltd acquired a new position in shares of AutoNation in the second quarter valued at approximately $15,832,000. Lodge Hill Capital LLC purchased a new stake in AutoNation during the 2nd quarter worth approximately $15,141,000. International Assets Investment Management LLC acquired a new stake in AutoNation during the 3rd quarter worth approximately $131,250,000. Finally, Cubist Systematic Strategies LLC boosted its position in AutoNation by 4,275.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 50,107 shares of the company’s stock valued at $7,986,000 after buying an additional 51,307 shares during the period. Institutional investors and hedge funds own 94.62% of the company’s stock.

Wall Street Analyst Weigh In

AN has been the topic of a number of recent research reports. Bank of America cut their price objective on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Morgan Stanley raised AutoNation from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. Stephens began coverage on AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price objective for the company. Wells Fargo & Company reduced their target price on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. decreased their price target on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Three equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $199.29.

AutoNation Stock Up 2.8 %

AN stock opened at $177.35 on Monday. The company’s 50 day moving average is $167.39 and its two-hundred day moving average is $168.45. AutoNation, Inc. has a twelve month low of $130.35 and a twelve month high of $197.18. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. The stock has a market cap of $7.03 billion, a P/E ratio of 9.95, a PEG ratio of 3.62 and a beta of 1.21.

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.