Kendall Capital Management Sells 540 Shares of AutoNation, Inc. (NYSE:AN)

Kendall Capital Management lessened its position in shares of AutoNation, Inc. (NYSE:AN) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,030 shares of the company’s stock after selling 540 shares during the quarter. Kendall Capital Management’s holdings in AutoNation were worth $1,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC increased its position 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 in the last quarter. Global X Japan Co. Ltd. increased its position in AutoNation by 150.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock valued at $27,000 after buying an additional 95 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in AutoNation by 403.6% in the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock worth $50,000 after acquiring an additional 226 shares in the last quarter. McIlrath & Eck LLC boosted its holdings in AutoNation by 16.4% in the third quarter. McIlrath & Eck LLC now owns 964 shares of the company’s stock worth $172,000 after acquiring an additional 136 shares in the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of AutoNation during the third quarter valued at about $201,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. 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 research note on Wednesday, February 12th. JPMorgan Chase & Co. lifted their price target on AutoNation from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Guggenheim reissued a “buy” rating on shares of AutoNation in a report on Wednesday, February 12th. StockNews.com raised AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company raised 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $204.71.

AutoNation Trading Down 0.4 %

AN stock opened at $171.14 on Friday. AutoNation, Inc. has a 52-week low of $147.31 and a 52-week high of $198.50. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39. The firm has a market cap of $6.68 billion, a P/E ratio of 10.10, a PEG ratio of 3.51 and a beta of 1.32. The company’s 50-day simple moving average is $182.31 and its 200-day simple moving average is $174.49.

AutoNation (NYSE:AN) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 forecast that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.

About AutoNation

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.