Proficio Capital Partners LLC Takes Position in AutoNation, Inc. (NYSE:AN)

Proficio Capital Partners LLC purchased a new stake in shares of AutoNation, Inc. (NYSE:AN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 41,271 shares of the company’s stock, valued at approximately $7,009,000. Proficio Capital Partners LLC owned 0.10% of AutoNation as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of AN. Fortitude Family Office LLC raised its stake in shares of AutoNation by 581.8% during the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock valued at $25,000 after purchasing an additional 128 shares in the last quarter. Global X Japan Co. Ltd. raised its stake in shares of AutoNation by 150.8% during the fourth 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 in the last quarter. Venturi Wealth Management LLC raised its stake in shares of AutoNation by 403.6% during the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after purchasing an additional 226 shares in the last quarter. McIlrath & Eck LLC raised its stake in shares of AutoNation by 16.4% during the third quarter. McIlrath & Eck LLC now owns 964 shares of the company’s stock valued at $172,000 after purchasing an additional 136 shares in the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of AutoNation during the third quarter valued at about $201,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Price Performance

NYSE AN opened at $175.05 on Tuesday. The stock’s 50-day moving average price is $182.32 and its two-hundred day moving average price is $174.54. 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 company has a market cap of $6.84 billion, a PE ratio of 10.33, a PEG ratio of 3.51 and a beta of 1.25. AutoNation, Inc. has a 1 year low of $143.88 and a 1 year high of $198.50.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 earnings per share (EPS) for the quarter, topping 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%. On average, analysts predict that AutoNation, Inc. will post 18.15 EPS for the current year.

Wall Street Analysts Forecast Growth

AN has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Evercore ISI boosted their price target on shares of AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Wells Fargo & Company boosted their price target on shares of AutoNation from $170.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Guggenheim reiterated a “buy” rating on shares of AutoNation in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of AutoNation from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, AutoNation 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.