AutoNation, Inc. (NYSE:AN) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in AutoNation, Inc. (NYSE:AN) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,280 shares of the company’s stock after selling 834 shares during the period. Envestnet Asset Management Inc.’s holdings in AutoNation were worth $5,652,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortitude Family Office LLC boosted its holdings in shares of AutoNation by 581.8% in the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock valued at $25,000 after acquiring an additional 128 shares during the period. Global X Japan Co. Ltd. grew its position in AutoNation by 150.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock worth $27,000 after purchasing an additional 95 shares during the last quarter. Farther Finance Advisors LLC increased its stake in AutoNation by 77.1% in the fourth quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock valued at $84,000 after purchasing an additional 215 shares during the period. McIlrath & Eck LLC raised its holdings in shares of AutoNation by 16.4% in the third quarter. McIlrath & Eck LLC now owns 964 shares of the company’s stock valued at $172,000 after buying an additional 136 shares during the last quarter. Finally, Curio Wealth LLC acquired a new stake in shares of AutoNation during the fourth quarter worth about $197,000. 94.62% of the stock is currently owned by institutional investors and hedge funds.

AutoNation Trading Down 1.4 %

Shares of AutoNation stock opened at $163.47 on Tuesday. The company has a 50-day moving average of $170.79 and a two-hundred day moving average of $172.60. The stock has a market cap of $6.42 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 3.51 and a beta of 1.15. The company has a current ratio of 0.74, a quick ratio of 0.21 and a debt-to-equity ratio of 1.39. AutoNation, Inc. has a 12-month low of $148.33 and a 12-month high of $198.50.

AutoNation (NYSE:AN) last posted its earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, beating 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%. On average, research analysts anticipate that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AN has been the subject of several analyst reports. Wells Fargo & Company reduced their price objective on AutoNation from $194.00 to $176.00 and set an “equal weight” rating for the company in a research note on Monday. Stephens boosted their price objective on shares of AutoNation from $195.00 to $200.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. Guggenheim restated a “buy” rating on shares of AutoNation in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their price target on shares of AutoNation from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Finally, StockNews.com cut AutoNation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.