AutoNation, Inc. $AN Holdings Reduced by Magnetar Financial LLC

Magnetar Financial LLC lowered its position in AutoNation, Inc. (NYSE:AN - Free Report) by 21.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,448 shares of the company's stock after selling 12,180 shares during the quarter. Magnetar Financial LLC owned about 0.12% of AutoNation worth $8,631,000 as of its most recent filing with the Securities and Exchange Commission.

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Other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC raised its stake in AutoNation by 95.3% during the 1st quarter. Cerity Partners LLC now owns 5,247 shares of the company's stock valued at $850,000 after acquiring an additional 2,561 shares in the last quarter. 111 Capital acquired a new position in shares of AutoNation during the second quarter valued at $208,000. Paradigm Asset Management Co. LLC bought a new stake in shares of AutoNation during the second quarter valued at about $1,251,000. Voya Investment Management LLC lifted its holdings in AutoNation by 2.9% in the first quarter. Voya Investment Management LLC now owns 3,176 shares of the company's stock worth $514,000 after purchasing an additional 89 shares during the period. Finally, Allworth Financial LP grew its position in AutoNation by 873.3% in the 2nd quarter. Allworth Financial LP now owns 4,886 shares of the company's stock valued at $971,000 after buying an additional 4,384 shares in the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.

AutoNation Trading Down 0.8%

Shares of NYSE AN opened at $197.99 on Friday. AutoNation, Inc. has a 12 month low of $148.33 and a 12 month high of $228.92. The company has a market cap of $7.22 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 0.91 and a beta of 0.87. The company has a quick ratio of 0.20, a current ratio of 0.79 and a debt-to-equity ratio of 1.93. The business has a fifty day simple moving average of $209.27 and a 200-day simple moving average of $203.13.

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AutoNation (NYSE:AN - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $5.01 earnings per share for the quarter, topping analysts' consensus estimates of $4.85 by $0.16. AutoNation had a return on equity of 31.84% and a net margin of 2.38%.The firm had revenue of $7.04 billion for the quarter, compared to analysts' expectations of $6.74 billion. During the same quarter last year, the business posted $4.02 EPS. AutoNation's revenue was up 6.9% on a year-over-year basis. Sell-side analysts predict that AutoNation, Inc. will post 18.15 EPS for the current year.

AutoNation announced that its board has initiated a share buyback plan on Friday, October 31st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 13.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

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A number of analysts have commented on the stock. Weiss Ratings restated a "buy (b)" rating on shares of AutoNation in a research report on Wednesday. Guggenheim lowered their price objective on shares of AutoNation from $230.00 to $228.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. JPMorgan Chase & Co. upped their target price on AutoNation from $230.00 to $235.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 5th. Bank of America lowered their price target on AutoNation from $255.00 to $250.00 and set a "buy" rating on the stock in a research report on Wednesday, September 10th. Finally, Wall Street Zen downgraded AutoNation from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $236.44.

View Our Latest Stock Analysis on AN

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.

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