Victory Capital Management Inc. Acquires 368 Shares of AutoNation, Inc. (NYSE:AN)

Victory Capital Management Inc. lifted its holdings in shares of AutoNation, Inc. (NYSE:AN) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,323 shares of the company’s stock after purchasing an additional 368 shares during the period. Victory Capital Management Inc.’s holdings in AutoNation were worth $2,026,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in AutoNation by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,605,708 shares of the company’s stock valued at $255,910,000 after purchasing an additional 41,712 shares in the last quarter. Boston Partners bought a new stake in AutoNation in the 1st quarter valued at about $170,270,000. LSV Asset Management raised its stake in AutoNation by 0.6% during the 2nd quarter. LSV Asset Management now owns 781,825 shares of the company’s stock worth $124,607,000 after buying an additional 4,350 shares during the period. WINTON GROUP Ltd acquired a new position in AutoNation during the 2nd quarter worth approximately $15,832,000. Finally, Lodge Hill Capital LLC bought a new position in AutoNation in the second quarter worth approximately $15,141,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Price Performance

AutoNation stock opened at $172.46 on Monday. The company’s 50 day moving average price is $167.39 and its two-hundred day moving average price is $168.45. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. AutoNation, Inc. has a 52 week low of $130.35 and a 52 week high of $197.18. The stock has a market cap of $6.84 billion, a P/E ratio of 9.95, a P/E/G ratio of 3.55 and a beta of 1.21.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Guggenheim lowered their target price on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Stephens started coverage on shares of AutoNation in a research note on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price objective on the stock. Morgan Stanley raised shares of AutoNation from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company dropped their price target on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, AutoNation has a consensus rating of “Moderate Buy” and an average price target of $199.29.

AutoNation Company 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.