Atria Investments Inc Raises Position in AutoNation, Inc. (NYSE:AN)

Atria Investments Inc boosted its position in AutoNation, Inc. (NYSE:AN) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,040 shares of the company’s stock after acquiring an additional 205 shares during the period. Atria Investments Inc’s holdings in AutoNation were worth $516,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its stake in AutoNation by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,290 shares of the company’s stock worth $219,000 after acquiring an additional 68 shares in the last quarter. Strengthening Families & Communities LLC boosted its stake in AutoNation by 2.0% during the fourth quarter. Strengthening Families & Communities LLC now owns 3,472 shares of the company’s stock worth $590,000 after acquiring an additional 69 shares in the last quarter. Davis Capital Management boosted its stake in AutoNation by 0.8% during the fourth quarter. Davis Capital Management now owns 9,703 shares of the company’s stock worth $1,648,000 after acquiring an additional 79 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in AutoNation by 0.6% during the third quarter. Mutual of America Capital Management LLC now owns 14,152 shares of the company’s stock worth $2,532,000 after acquiring an additional 87 shares in the last quarter. Finally, Global X Japan Co. Ltd. boosted its stake in AutoNation by 150.8% during the fourth quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock worth $27,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 94.62% of the company’s stock.

AutoNation Stock Up 2.4 %

NYSE AN opened at $160.44 on Friday. The stock has a 50 day moving average price of $181.67 and a 200-day moving average price of $173.94. AutoNation, Inc. has a one year low of $150.08 and a one year high of $198.50. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.74. The company has a market capitalization of $6.27 billion, a P/E ratio of 9.47, a P/E/G ratio of 3.51 and a beta of 1.32.

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

Wall Street Analyst Weigh In

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

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.