AutoNation, Inc. (NYSE:AN) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC decreased its holdings in AutoNation, Inc. (NYSE:AN) by 32.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 319 shares of the company’s stock after selling 150 shares during the quarter. Avior Wealth Management LLC’s holdings in AutoNation were worth $57,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Boston Partners bought a new stake in AutoNation in the first quarter valued at about $170,270,000. WINTON GROUP Ltd bought a new stake in AutoNation in the second quarter valued at about $15,832,000. Lodge Hill Capital LLC bought a new stake in AutoNation in the second quarter valued at about $15,141,000. International Assets Investment Management LLC bought a new stake in AutoNation in the third quarter valued at about $131,250,000. Finally, Cubist Systematic Strategies LLC increased its holdings in AutoNation by 4,275.6% in the second quarter. Cubist Systematic Strategies LLC now owns 50,107 shares of the company’s stock valued at $7,986,000 after buying an additional 51,307 shares during the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on AN. Stephens began coverage on AutoNation in a report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Guggenheim lowered their target price on AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a report on Thursday. Bank of America lowered their target price 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 target price on AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, AutoNation presently has a consensus rating of “Moderate Buy” and an average target price of $199.29.

AutoNation Stock Performance

Shares of AN stock opened at $172.46 on Monday. AutoNation, Inc. has a 12-month low of $130.35 and a 12-month high of $197.18. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 3.55 and a beta of 1.21. The business has a 50 day simple moving average of $167.39 and a 200 day simple moving average of $168.45. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20.

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.