Atom Investors LP Sells 1,358 Shares of AutoNation, Inc. (NYSE:AN)

Atom Investors LP cut its holdings in AutoNation, Inc. (NYSE:AN) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,481 shares of the company’s stock after selling 1,358 shares during the quarter. Atom Investors LP’s holdings in AutoNation were worth $1,696,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AN. GAMMA Investing LLC boosted its holdings in shares of AutoNation by 90.6% in the second quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock valued at $32,000 after buying an additional 96 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in AutoNation in the 2nd quarter worth $37,000. Venturi Wealth Management LLC increased its holdings in AutoNation by 403.6% during the 3rd 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. Quarry LP raised its stake in shares of AutoNation by 498.5% in the 2nd 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, Mather Group LLC. bought a new stake in shares of AutoNation in the second quarter valued at about $103,000. 94.62% of the stock is owned by institutional investors.

AutoNation Stock Performance

Shares of AN opened at $180.07 on Tuesday. The company has a market cap of $7.14 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 3.75 and a beta of 1.24. The firm has a 50-day moving average of $168.17 and a 200-day moving average of $168.92. AutoNation, Inc. has a one year low of $133.01 and a one year high of $197.18. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20.

Analysts Set New Price Targets

A number of research firms recently issued reports on AN. Guggenheim decreased their price objective on AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, November 21st. JPMorgan Chase & Co. lowered their price objective on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Wells Fargo & Company cut their price objective 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. Bank of America decreased their target price on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Stephens initiated coverage on shares of AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $199.29.

AutoNation Company 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.