Rialto Wealth Management LLC Purchases Shares of 1,421 AutoNation, Inc. (NYSE:AN)

Rialto Wealth Management LLC acquired a new stake in shares of AutoNation, Inc. (NYSE:AN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,421 shares of the company’s stock, valued at approximately $241,000.

Several other large investors have also recently modified their holdings of the stock. Edgestream Partners L.P. purchased a new position in AutoNation in the 4th quarter worth approximately $1,633,000. Inceptionr LLC increased its stake in shares of AutoNation by 66.0% in the fourth quarter. Inceptionr LLC now owns 5,868 shares of the company’s stock worth $997,000 after buying an additional 2,334 shares during the period. Raymond James Financial Inc. bought a new stake in AutoNation during the 4th quarter valued at $7,836,000. Vision Financial Markets LLC purchased a new stake in AutoNation during the 4th quarter valued at $2,522,000. Finally, Proficio Capital Partners LLC bought a new stake in AutoNation in the 4th quarter worth $7,009,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AN shares. StockNews.com upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company increased their price objective on AutoNation from $170.00 to $194.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Stephens boosted their target price on AutoNation from $195.00 to $200.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. Guggenheim restated a “buy” rating on shares of AutoNation in a 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 report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $204.71.

AutoNation Price Performance

Shares of AN stock opened at $171.14 on Friday. The business’s fifty day moving average is $182.31 and its 200 day moving average is $174.49. 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 stock has a market cap of $6.68 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 3.51 and a beta of 1.32. AutoNation, Inc. has a twelve month low of $147.31 and a twelve month high of $198.50.

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 the consensus estimate of $4.26 by $0.71. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. Research analysts expect that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.

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.