AutoNation, Inc. (NYSE:AN) Shares Bought by Truist Financial Corp

Truist Financial Corp raised its holdings in AutoNation, Inc. (NYSE:AN) by 13.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,029 shares of the company’s stock after buying an additional 712 shares during the period. Truist Financial Corp’s holdings in AutoNation were worth $1,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its position in shares of AutoNation by 2.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,845 shares of the company’s stock worth $509,000 after purchasing an additional 62 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of AutoNation by 5.6% in the 4th quarter. CIBC Asset Management Inc now owns 1,290 shares of the company’s stock valued at $219,000 after purchasing an additional 68 shares during the last quarter. Strengthening Families & Communities LLC lifted its holdings in shares of AutoNation by 2.0% in the 4th quarter. Strengthening Families & Communities LLC now owns 3,472 shares of the company’s stock valued at $590,000 after purchasing an additional 69 shares during the last quarter. Davis Capital Management lifted its holdings in shares of AutoNation by 0.8% in the 4th quarter. Davis Capital Management now owns 9,703 shares of the company’s stock valued at $1,648,000 after purchasing an additional 79 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of AutoNation by 0.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 14,152 shares of the company’s stock valued at $2,532,000 after purchasing an additional 87 shares during the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on AutoNation from $170.00 to $194.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Guggenheim reissued a “buy” rating on shares of AutoNation in a report on Wednesday, February 12th. Evercore ISI boosted their target price on AutoNation from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. boosted their price target on AutoNation from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, StockNews.com upgraded AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $204.71.

AutoNation Stock Performance

Shares of AN stock opened at $182.27 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39. The stock’s 50-day moving average price is $182.32 and its 200 day moving average price is $174.48. AutoNation, Inc. has a 52-week low of $143.88 and a 52-week high of $198.50. The stock has a market capitalization of $7.12 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 3.51 and a beta of 1.25.

AutoNation (NYSE:AN) last released its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities research analysts forecast that AutoNation, Inc. will post 18.15 EPS for the current year.

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.