Deutsche Bank AG Sells 20,620 Shares of AutoNation, Inc. (NYSE:AN)

Deutsche Bank AG trimmed its stake in AutoNation, Inc. (NYSE:AN) by 37.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,841 shares of the company’s stock after selling 20,620 shares during the period. Deutsche Bank AG owned about 0.09% of AutoNation worth $5,748,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AN. Global X Japan Co. Ltd. boosted its stake in AutoNation by 150.8% during the fourth quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock worth $27,000 after buying an additional 95 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of AutoNation by 25.5% during the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company’s stock worth $54,000 after acquiring an additional 64 shares during the period. Farther Finance Advisors LLC boosted its position in shares of AutoNation by 77.1% during the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock valued at $84,000 after acquiring an additional 215 shares in the last quarter. Curio Wealth LLC acquired a new stake in shares of AutoNation during the 4th quarter valued at about $197,000. Finally, R Squared Ltd bought a new stake in AutoNation in the fourth quarter valued at about $218,000. Institutional investors own 94.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stephens lifted their price objective on AutoNation from $195.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Wells Fargo & Company cut their target price on AutoNation from $194.00 to $176.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. Guggenheim lowered their price target on AutoNation from $212.00 to $183.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Evercore ISI increased their price objective on AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, Citigroup upgraded shares of AutoNation to a “strong-buy” rating in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $200.75.

AutoNation Price Performance

AutoNation stock opened at $190.17 on Monday. The business’s fifty day moving average is $169.99 and its two-hundred day moving average is $174.66. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.74. The firm has a market cap of $7.17 billion, a P/E ratio of 11.23, a P/E/G ratio of 3.51 and a beta of 1.00. AutoNation, Inc. has a 52 week low of $148.33 and a 52 week high of $198.50.

AutoNation (NYSE:AN) last issued its quarterly earnings results on Friday, April 25th. The company reported $4.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $0.33. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. The business had revenue of $6.69 billion for the quarter, compared to the consensus estimate of $6.53 billion. During the same quarter in the prior year, the company earned $4.49 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. Equities research analysts forecast that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

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.