Private Management Group Inc. Trims Stock Holdings in AutoNation, Inc. (NYSE:AN)

Private Management Group Inc. lowered its position in shares of AutoNation, Inc. (NYSE:AN) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 139,543 shares of the company’s stock after selling 1,367 shares during the quarter. Private Management Group Inc. owned about 0.35% of AutoNation worth $23,700,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its holdings in shares of AutoNation by 581.8% during the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock worth $25,000 after purchasing an additional 128 shares during the period. Venturi Wealth Management LLC raised its position in AutoNation by 403.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock worth $50,000 after buying an additional 226 shares during the last quarter. GAMMA Investing LLC raised its position in AutoNation by 54.0% during the 3rd quarter. GAMMA Investing LLC now owns 311 shares of the company’s stock worth $56,000 after buying an additional 109 shares during the last quarter. NBC Securities Inc. lifted its stake in AutoNation by 28.1% during the 3rd quarter. NBC Securities Inc. now owns 802 shares of the company’s stock valued at $143,000 after acquiring an additional 176 shares during the period. Finally, McIlrath & Eck LLC boosted its holdings in shares of AutoNation by 16.4% in the 3rd quarter. McIlrath & Eck LLC now owns 964 shares of the company’s stock valued at $172,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AN. Bank of America decreased their target price on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Guggenheim decreased their price objective on AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, November 21st. JPMorgan Chase & Co. lowered their target price on AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Wells Fargo & Company lifted their price target on AutoNation from $169.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Finally, Stephens upped their price objective on AutoNation from $192.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.57.

AutoNation Stock Performance

NYSE AN opened at $194.87 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. AutoNation, Inc. has a twelve month low of $136.35 and a twelve month high of $197.18. The stock has a 50-day moving average of $177.88 and a 200 day moving average of $172.73. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 3.62 and a beta of 1.25.

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.