1,211 Shares in AutoNation, Inc. (NYSE:AN) Acquired by Wedmont Private Capital

Wedmont Private Capital acquired a new stake in shares of AutoNation, Inc. (NYSE:AN) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,211 shares of the company’s stock, valued at approximately $207,000.

Several other hedge funds have also recently modified their holdings of AN. Retirement Systems of Alabama boosted its stake in AutoNation by 142.2% during the third quarter. Retirement Systems of Alabama now owns 73,429 shares of the company’s stock valued at $13,138,000 after buying an additional 43,113 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of AutoNation during the 2nd quarter worth approximately $602,000. Kestra Investment Management LLC purchased a new stake in shares of AutoNation during the 3rd quarter worth approximately $585,000. Blue Trust Inc. boosted its position in shares of AutoNation by 33.8% during the 3rd quarter. Blue Trust Inc. now owns 1,899 shares of the company’s stock valued at $340,000 after acquiring an additional 480 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of AutoNation by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company’s stock valued at $57,413,000 after purchasing an additional 19,015 shares in the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.

AutoNation Stock Performance

Shares of NYSE:AN opened at $185.53 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 3.28 and a beta of 1.26. AutoNation, Inc. has a 12 month low of $136.35 and a 12 month high of $197.18. The firm’s 50-day moving average is $173.32 and its 200 day moving average is $170.85.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AN shares. Guggenheim decreased their price target on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. dropped their price target on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Bank of America decreased their price objective on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Wells Fargo & Company raised their price objective on AutoNation from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday. 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $197.71.

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.