Wealth Enhancement Advisory Services LLC Boosts Holdings in AutoNation, Inc. (NYSE:AN)

Wealth Enhancement Advisory Services LLC raised its position in AutoNation, Inc. (NYSE:AN) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,845 shares of the company’s stock after purchasing an additional 62 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in AutoNation were worth $509,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in AutoNation by 90.6% during 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 bought a new stake in shares of AutoNation during the 2nd quarter valued at about $37,000. Headlands Technologies LLC purchased a new position in shares of AutoNation during the first quarter worth about $57,000. Quarry LP increased its position in shares of AutoNation by 498.5% in the second quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after purchasing an additional 339 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in AutoNation in the second quarter valued at approximately $103,000. 94.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at AutoNation

In other news, major shareholder Edward S. Lampert sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $182.06, for a total value of $91,030.00. Following the transaction, the insider now owns 3,825,338 shares in the company, valued at approximately $696,441,036.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Edward S. Lampert sold 500 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $182.06, for a total transaction of $91,030.00. Following the completion of the sale, the insider now directly owns 3,825,338 shares in the company, valued at approximately $696,441,036.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Edward S. Lampert sold 39,194 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $183.43, for a total value of $7,189,355.42. Following the transaction, the insider now owns 3,786,144 shares in the company, valued at approximately $694,492,393.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stephens began coverage on shares of AutoNation in a research note on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price target for the company. Bank of America cut 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. Morgan Stanley upgraded AutoNation from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. cut their price objective on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Wells Fargo & Company decreased their price objective on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, AutoNation currently has a consensus rating of “Moderate Buy” and an average target price of $199.00.

AutoNation Trading Down 1.6 %

Shares of AN stock opened at $164.38 on Friday. The business has a 50-day moving average of $167.13 and a 200 day moving average of $168.13. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. AutoNation, Inc. has a 1-year low of $129.32 and a 1-year high of $197.18. The stock has a market capitalization of $6.52 billion, a PE ratio of 9.48, a P/E/G ratio of 3.46 and a beta of 1.21.

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.