112,038 Shares in AutoNation, Inc. (NYSE:AN) Acquired by Holocene Advisors LP

Holocene Advisors LP bought a new stake in shares of AutoNation, Inc. (NYSE:AN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 112,038 shares of the company’s stock, valued at approximately $20,046,000. Holocene Advisors LP owned approximately 0.28% of AutoNation as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of AutoNation by 6.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,742 shares of the company’s stock valued at $2,276,000 after acquiring an additional 855 shares in the last quarter. Tidal Investments LLC increased its position in AutoNation by 61.0% during the 1st quarter. Tidal Investments LLC now owns 4,676 shares of the company’s stock valued at $774,000 after purchasing an additional 1,771 shares during the period. GAMMA Investing LLC lifted 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 purchasing an additional 96 shares during the period. First Hawaiian Bank purchased a new stake in shares of AutoNation in the 2nd quarter worth approximately $263,000. Finally, Mather Group LLC. bought a new position in shares of AutoNation during the second quarter valued at approximately $103,000. 94.62% of the stock is currently owned by hedge funds and other institutional investors.

AutoNation Price Performance

Shares of AN stock opened at $180.07 on Tuesday. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 10.38, a PEG ratio of 3.75 and a beta of 1.24. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. The stock’s 50-day simple moving average is $168.17 and its 200-day simple moving average is $168.92. AutoNation, Inc. has a fifty-two week low of $133.01 and a fifty-two week high of $197.18.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Morgan Stanley raised shares of AutoNation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $145.00 to $200.00 in a research note on Wednesday, September 25th. Stephens started coverage on AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price objective on the stock. Wells Fargo & Company cut their target price on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Bank of America decreased their price target 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, JPMorgan Chase & Co. cut their price objective on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. 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 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.