AutoNation, Inc. (NYSE:AN) Stake Increased by Larson Financial Group LLC

Larson Financial Group LLC raised its stake in shares of AutoNation, Inc. (NYSE:AN) by 10.7% during the third quarter, HoldingsChannel reports. The fund owned 1,629 shares of the company’s stock after acquiring an additional 158 shares during the quarter. Larson Financial Group LLC’s holdings in AutoNation were worth $291,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cerity Partners LLC grew its position in shares of AutoNation by 9.7% in the 3rd quarter. Cerity Partners LLC now owns 3,346 shares of the company’s stock worth $599,000 after acquiring an additional 297 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 last quarter. Factorial Partners LLC boosted its holdings in AutoNation by 6.3% in the third quarter. Factorial Partners LLC now owns 3,400 shares of the company’s stock worth $608,000 after purchasing an additional 200 shares during the period. Pathstone Holdings LLC increased its stake in AutoNation by 4.6% during the third quarter. Pathstone Holdings LLC now owns 20,361 shares of the company’s stock valued at $3,643,000 after purchasing an additional 889 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its holdings in shares of AutoNation by 13.2% during the third quarter. Strengthening Families & Communities LLC now owns 3,403 shares of the company’s stock worth $609,000 after purchasing an additional 398 shares during the period. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Stock Performance

Shares of AN opened at $179.63 on Wednesday. The firm has a market capitalization of $7.12 billion, a PE ratio of 10.36, a P/E/G ratio of 3.62 and a beta of 1.21. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. The firm has a 50-day moving average price of $167.63 and a 200 day moving average price of $168.54. AutoNation, Inc. has a 52-week low of $130.35 and a 52-week high of $197.18.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley raised shares of AutoNation from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. Guggenheim dropped their price target on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. Bank of America reduced their price objective on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, October 14th. JPMorgan Chase & Co. dropped their target price on AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company reduced their price target on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. 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, AutoNation has an average rating of “Moderate Buy” and a consensus target price of $199.29.

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.