AutoNation, Inc. (NYSE:AN) Shares Purchased by Greenland Capital Management LP

Greenland Capital Management LP grew its position in shares of AutoNation, Inc. (NYSE:AN) by 165.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 49,544 shares of the company’s stock after purchasing an additional 30,864 shares during the quarter. AutoNation accounts for 1.4% of Greenland Capital Management LP’s portfolio, making the stock its 17th largest position. Greenland Capital Management LP owned about 0.12% of AutoNation worth $8,415,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AN. FMR LLC grew its holdings in AutoNation by 3.7% during the third quarter. FMR LLC now owns 25,862 shares of the company’s stock worth $4,627,000 after acquiring an additional 929 shares during the period. State Street Corp grew its stake in shares of AutoNation by 2.3% in the 3rd quarter. State Street Corp now owns 854,034 shares of the company’s stock worth $152,804,000 after purchasing an additional 19,037 shares during the last quarter. Orion Portfolio Solutions LLC bought a new stake in shares of AutoNation in the 3rd quarter worth approximately $201,000. Public Employees Retirement System of Ohio raised its holdings in shares of AutoNation by 80.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 22,477 shares of the company’s stock worth $4,022,000 after purchasing an additional 10,002 shares in the last quarter. Finally, Barclays PLC lifted its stake in AutoNation by 5.4% during the third quarter. Barclays PLC now owns 43,987 shares of the company’s stock valued at $7,870,000 after purchasing an additional 2,263 shares during the last quarter. 94.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Evercore ISI raised their price objective on AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Stephens boosted their price objective on AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Guggenheim reaffirmed a “buy” rating on shares of AutoNation in a research note on Wednesday, February 12th. JPMorgan Chase & Co. decreased their target price on shares of AutoNation from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Finally, Wells Fargo & Company boosted their price target on shares of AutoNation from $170.00 to $194.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.86.

AutoNation Trading Down 0.5 %

AutoNation stock opened at $157.77 on Tuesday. AutoNation, Inc. has a one year low of $148.33 and a one year high of $198.50. The company’s fifty day moving average price is $177.01 and its two-hundred day moving average price is $173.51. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 3.51 and a beta of 1.15. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.21.

AutoNation (NYSE:AN) last issued its quarterly earnings data 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%. On average, analysts forecast that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

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.