XTX Topco Ltd Sells 1,917 Shares of AutoNation, Inc. (NYSE:AN)

XTX Topco Ltd trimmed its holdings in shares of AutoNation, Inc. (NYSE:AN) by 55.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,549 shares of the company’s stock after selling 1,917 shares during the period. XTX Topco Ltd’s holdings in AutoNation were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AN. Simcoe Capital Management LLC bought a new stake in shares of AutoNation during the 3rd quarter worth $42,255,000. Holocene Advisors LP bought a new stake in AutoNation in the 3rd quarter valued at about $20,046,000. WINTON GROUP Ltd bought a new stake in AutoNation in the 2nd quarter valued at about $15,832,000. Verition Fund Management LLC raised its stake in AutoNation by 739.9% in the 3rd quarter. Verition Fund Management LLC now owns 109,040 shares of the company’s stock valued at $19,509,000 after acquiring an additional 96,058 shares during the period. Finally, Lodge Hill Capital LLC bought a new stake in AutoNation in the 2nd quarter valued at about $15,141,000. 94.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AN has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price objective on AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Stephens initiated coverage on AutoNation in a research note on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price objective on the stock. Bank of America lowered their price objective on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Guggenheim lowered their price objective on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Finally, Morgan Stanley upgraded AutoNation from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $199.29.

AutoNation Trading Down 1.2 %

Shares of AN opened at $170.49 on Wednesday. The business’s 50-day moving average price is $168.48 and its 200-day moving average price is $169.47. AutoNation, Inc. has a twelve month low of $133.13 and a twelve month high of $197.18. The stock has a market cap of $6.76 billion, a PE ratio of 9.83, a P/E/G ratio of 3.63 and a beta of 1.24. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58.

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.