AutoNation, Inc. (NYSE:AN) Position Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in AutoNation, Inc. (NYSE:AN) by 18.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 182,698 shares of the company’s stock after selling 40,465 shares during the quarter. JPMorgan Chase & Co. owned 0.46% of AutoNation worth $32,688,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AN. Ashton Thomas Private Wealth LLC acquired a new position in shares of AutoNation in the second quarter worth about $37,000. Venturi Wealth Management LLC lifted its position in shares of AutoNation by 403.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after acquiring an additional 226 shares in the last quarter. GAMMA Investing LLC boosted its stake in AutoNation by 54.0% in the 3rd quarter. GAMMA Investing LLC now owns 311 shares of the company’s stock worth $56,000 after purchasing an additional 109 shares during the period. Quarry LP boosted its stake in AutoNation by 498.5% in the 2nd quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after purchasing an additional 339 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in AutoNation by 1,507.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 884 shares of the company’s stock worth $141,000 after purchasing an additional 829 shares in the last quarter. Institutional investors own 94.62% of the company’s stock.

AutoNation Price Performance

NYSE AN opened at $172.85 on Tuesday. AutoNation, Inc. has a 1 year low of $133.13 and a 1 year high of $197.18. The company has a fifty day simple moving average of $170.41 and a 200 day simple moving average of $169.83. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. The company has a market cap of $6.85 billion, a P/E ratio of 9.97, a P/E/G ratio of 3.63 and a beta of 1.26.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AN. Stephens assumed coverage on AutoNation in a research report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 target price for the company. Guggenheim decreased their price objective on AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. Wells Fargo & Company dropped their target price on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. JPMorgan Chase & Co. decreased their price target on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Bank of America dropped their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.