Schechter Investment Advisors LLC Has $420,000 Position in AutoNation, Inc. (NYSE:AN)

Schechter Investment Advisors LLC grew its stake in AutoNation, Inc. (NYSE:AN) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,473 shares of the company’s stock after purchasing an additional 148 shares during the quarter. Schechter Investment Advisors LLC’s holdings in AutoNation were worth $420,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Retirement Systems of Alabama raised its holdings in AutoNation by 142.2% in the 3rd quarter. Retirement Systems of Alabama now owns 73,429 shares of the company’s stock valued at $13,138,000 after acquiring an additional 43,113 shares during the period. Kestra Investment Management LLC acquired a new position in shares of AutoNation in the third quarter valued at approximately $585,000. Charles Schwab Investment Management Inc. increased its stake in shares of AutoNation by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company’s stock worth $57,413,000 after purchasing an additional 19,015 shares during the period. Whalen Wealth Management Inc. acquired a new stake in AutoNation during the 4th quarter worth approximately $255,000. Finally, Assenagon Asset Management S.A. bought a new stake in AutoNation in the 4th quarter valued at $13,239,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Stock Performance

Shares of AutoNation stock opened at $174.50 on Thursday. The company has a 50 day moving average of $182.35 and a 200-day moving average of $174.53. The company has a market cap of $6.82 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 3.51 and a beta of 1.25. The company has a current ratio of 0.74, a quick ratio of 0.21 and a debt-to-equity ratio of 1.39. AutoNation, Inc. has a 1-year low of $143.88 and a 1-year high of $198.50.

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

Wall Street Analysts Forecast Growth

AN has been the topic of several recent research reports. Stephens increased their price objective on AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Guggenheim reaffirmed a “buy” rating on shares of AutoNation in a research report on Wednesday, February 12th. StockNews.com raised shares of AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company increased their target price 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. Finally, Evercore ISI lifted their price target on shares of AutoNation from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.71.

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.