Choreo LLC Acquires 371 Shares of AutoNation, Inc. (NYSE:AN)

Choreo LLC raised its position in shares of AutoNation, Inc. (NYSE:AN) by 31.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,559 shares of the company’s stock after purchasing an additional 371 shares during the period. Choreo LLC’s holdings in AutoNation were worth $252,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AN. Curat Global LLC bought a new stake in shares of AutoNation in the 1st quarter worth approximately $36,000. NewEdge Advisors LLC raised its stake in AutoNation by 25.5% during the 4th quarter. NewEdge Advisors LLC now owns 315 shares of the company’s stock valued at $54,000 after buying an additional 64 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of AutoNation by 81.1% in the 1st quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock worth $74,000 after purchasing an additional 206 shares in the last quarter. UMB Bank n.a. increased its stake in shares of AutoNation by 56.8% in the 1st quarter. UMB Bank n.a. now owns 839 shares of the company’s stock worth $136,000 after purchasing an additional 304 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of AutoNation by 762.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 923 shares of the company’s stock worth $149,000 after purchasing an additional 816 shares in the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stephens increased their price objective on shares of AutoNation from $190.00 to $200.00 and gave the company an “equal weight” rating in a report on Tuesday. Cfra Research raised shares of AutoNation to a “strong-buy” rating in a report on Friday, April 25th. Wells Fargo & Company raised their price objective on shares of AutoNation from $209.00 to $221.00 and gave the stock an “equal weight” rating in a research note on Monday. Guggenheim decreased their price target on shares of AutoNation from $212.00 to $183.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Bank of America lifted their price objective on shares of AutoNation from $225.00 to $255.00 and gave the company a “buy” rating in a report on Monday, June 16th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AutoNation has an average rating of “Moderate Buy” and a consensus target price of $211.38.

AutoNation Trading Down 0.4%

Shares of AutoNation stock opened at $192.48 on Thursday. AutoNation, Inc. has a 1 year low of $148.33 and a 1 year high of $217.40. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.22 and a current ratio of 0.81. The company has a market capitalization of $7.26 billion, a P/E ratio of 12.06, a PEG ratio of 0.97 and a beta of 0.99. The company’s fifty day moving average is $196.47 and its two-hundred day moving average is $183.58.

AutoNation (NYSE:AN) last announced its quarterly earnings data on Friday, July 25th. The company reported $5.46 EPS for the quarter, beating the consensus estimate of $4.70 by $0.76. The firm had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.77 billion. AutoNation had a net margin of 2.31% and a return on equity of 31.12%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.99 earnings per share. Analysts forecast that AutoNation, Inc. will post 18.15 earnings per share for the current 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.