CIBC Asset Management Inc Raises Holdings in AutoNation, Inc. (NYSE:AN)

CIBC Asset Management Inc raised its holdings in shares of AutoNation, Inc. (NYSE:AN) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,290 shares of the company’s stock after purchasing an additional 68 shares during the period. CIBC Asset Management Inc’s holdings in AutoNation were worth $219,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AN. Louisiana State Employees Retirement System boosted its stake in AutoNation by 5.8% during the 3rd quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the company’s stock valued at $1,306,000 after purchasing an additional 400 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in shares of AutoNation in the 3rd quarter worth $201,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of AutoNation by 2.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,845 shares of the company’s stock worth $509,000 after buying an additional 62 shares during the last quarter. Modera Wealth Management LLC purchased a new position in shares of AutoNation in the 3rd quarter worth $201,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of AutoNation by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,008 shares of the company’s stock worth $538,000 after buying an additional 205 shares during the last quarter. 94.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AN shares. JPMorgan Chase & Co. lifted their target price on AutoNation from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Guggenheim reiterated a “buy” rating on shares of AutoNation in a research report on Wednesday, February 12th. Evercore ISI lifted their target price on AutoNation from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. StockNews.com raised AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Stephens raised their price target on AutoNation from $195.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $204.71.

AutoNation Trading Up 0.9 %

AN opened at $183.50 on Wednesday. The firm has a market cap of $7.17 billion, a P/E ratio of 10.83, a P/E/G ratio of 3.51 and a beta of 1.25. AutoNation, Inc. has a 12 month low of $139.54 and a 12 month high of $198.50. The company has a current ratio of 0.74, a quick ratio of 0.21 and a debt-to-equity ratio of 1.39. The stock has a 50-day moving average of $181.56 and a 200 day moving average of $174.28.

AutoNation (NYSE:AN) last released its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 EPS for the quarter, topping the consensus estimate of $4.26 by $0.71. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. As a group, research analysts forecast that AutoNation, Inc. will post 18.15 EPS 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.