3,272 Shares in AutoNation, Inc. (NYSE:AN) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC purchased a new stake in AutoNation, Inc. (NYSE:AN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,272 shares of the company’s stock, valued at approximately $585,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of AutoNation by 6.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,742 shares of the company’s stock valued at $2,276,000 after purchasing an additional 855 shares during the last quarter. Tidal Investments LLC boosted its position in AutoNation by 61.0% during the first quarter. Tidal Investments LLC now owns 4,676 shares of the company’s stock valued at $774,000 after acquiring an additional 1,771 shares during the last quarter. Virtu Financial LLC acquired a new stake in AutoNation during the 1st quarter worth about $297,000. GAMMA Investing LLC raised its position in shares of AutoNation by 90.6% in the 2nd quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock worth $32,000 after acquiring an additional 96 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in shares of AutoNation in the 2nd quarter worth about $263,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on AN. Bank of America cut their target price on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Guggenheim cut their price target on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $145.00 to $200.00 in a research note on Wednesday, September 25th. Wells Fargo & Company dropped their target price on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Finally, Stephens began coverage on shares of AutoNation in a report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price target for the company. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.29.

AutoNation Price Performance

Shares of NYSE:AN opened at $178.89 on Monday. AutoNation, Inc. has a twelve month low of $133.01 and a twelve month high of $197.18. The stock’s 50 day moving average is $168.10 and its 200-day moving average is $168.86. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 3.75 and a beta of 1.21.

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.