Concurrent Investment Advisors LLC Sells 115 Shares of AutoNation, Inc. (NYSE:AN)

Concurrent Investment Advisors LLC trimmed its holdings in AutoNation, Inc. (NYSE:AN) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,321 shares of the company’s stock after selling 115 shares during the period. Concurrent Investment Advisors LLC’s holdings in AutoNation were worth $952,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AN. GAMMA Investing LLC boosted its holdings in AutoNation by 90.6% in the second quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock worth $32,000 after purchasing an additional 96 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of AutoNation in the second quarter worth about $37,000. Headlands Technologies LLC bought a new stake in shares of AutoNation during the 1st quarter worth about $57,000. Quarry LP increased its holdings in shares of AutoNation by 498.5% during the 2nd quarter. Quarry LP now owns 407 shares of the company’s stock valued at $65,000 after acquiring an additional 339 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of AutoNation in the 2nd quarter valued at approximately $103,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Stock Performance

Shares of NYSE AN opened at $164.38 on Friday. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 3.46 and a beta of 1.21. AutoNation, Inc. has a one year low of $129.32 and a one year high of $197.18. The business has a fifty day simple moving average of $167.13 and a 200 day simple moving average of $168.13. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58.

Insider Activity

In other news, major shareholder Edward S. Lampert sold 39,194 shares of AutoNation stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $183.43, for a total transaction of $7,189,355.42. Following the sale, the insider now directly owns 3,786,144 shares in the company, valued at approximately $694,492,393.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Edward S. Lampert sold 500 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $182.06, for a total value of $91,030.00. Following the sale, the insider now owns 3,825,338 shares of the company’s stock, valued at $696,441,036.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Edward S. Lampert sold 39,194 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $183.43, for a total value of $7,189,355.42. Following the transaction, the insider now owns 3,786,144 shares of the company’s stock, valued at $694,492,393.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AN. Morgan Stanley raised AutoNation from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Stephens started coverage on AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price objective for the company. 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 report on Tuesday. Bank of America cut their price target on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Wells Fargo & Company lowered their price objective on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $199.00.

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.