Oppenheimer & Co. Inc. Sells 7,138 Shares of AutoNation, Inc. (NYSE:AN)

Oppenheimer & Co. Inc. lowered its stake in shares of AutoNation, Inc. (NYSE:AN) by 83.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,365 shares of the company’s stock after selling 7,138 shares during the period. Oppenheimer & Co. Inc.’s holdings in AutoNation were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Fortitude Family Office LLC grew its holdings in shares of AutoNation by 581.8% in the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock worth $25,000 after acquiring an additional 128 shares during the period. Global X Japan Co. Ltd. grew its stake in shares of AutoNation by 150.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock valued at $27,000 after purchasing an additional 95 shares during the period. Venturi Wealth Management LLC increased its position in shares of AutoNation by 403.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after purchasing an additional 226 shares during the last quarter. McIlrath & Eck LLC lifted its stake in shares of AutoNation by 16.4% in the 3rd quarter. McIlrath & Eck LLC now owns 964 shares of the company’s stock worth $172,000 after purchasing an additional 136 shares during the period. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of AutoNation in the third quarter worth approximately $201,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Wall Street Analysts Forecast Growth

AN has been the subject of a number of research reports. Evercore ISI upped their target price on shares of AutoNation from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Guggenheim reaffirmed a “buy” rating on shares of AutoNation in a research report on Wednesday, February 12th. StockNews.com upgraded AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company raised their target price on shares of AutoNation from $170.00 to $194.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. Finally, Stephens upped their price target on shares of AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.71.

AutoNation Stock Down 0.4 %

NYSE AN opened at $171.14 on Monday. AutoNation, Inc. has a 12 month low of $147.31 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 market cap of $6.68 billion, a PE ratio of 10.10, a P/E/G ratio of 3.51 and a beta of 1.32. The stock’s 50 day moving average is $182.31 and its 200 day moving average is $174.48.

AutoNation (NYSE:AN) last released its 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 net margin of 2.59% and a return on equity of 30.48%. Research analysts predict that AutoNation, Inc. will post 18.15 EPS for the current fiscal 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.