IVC Wealth Advisors LLC Sells 185 Shares of AutoNation, Inc. (NYSE:AN)

IVC Wealth Advisors LLC cut its holdings in shares of AutoNation, Inc. (NYSE:AN) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,397 shares of the company’s stock after selling 185 shares during the period. AutoNation comprises approximately 0.9% of IVC Wealth Advisors LLC’s holdings, making the stock its 23rd largest holding. IVC Wealth Advisors LLC’s holdings in AutoNation were worth $1,596,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Simcoe Capital Management LLC acquired a new stake in AutoNation in the third quarter worth about $42,255,000. Holocene Advisors LP acquired a new stake in shares of AutoNation during the 3rd quarter worth approximately $20,046,000. Verition Fund Management LLC raised its stake in shares of AutoNation by 739.9% during the third quarter. Verition Fund Management LLC now owns 109,040 shares of the company’s stock worth $19,509,000 after buying an additional 96,058 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of AutoNation during the fourth quarter worth approximately $13,239,000. Finally, International Assets Investment Management LLC acquired a new position in AutoNation in the third quarter valued at approximately $131,250,000. 94.62% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AN has been the topic of a number of analyst reports. Wells Fargo & Company increased their price target on AutoNation from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Guggenheim reduced their target price on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. JPMorgan Chase & Co. lowered their price target on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Bank of America decreased their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a report on Monday, October 14th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $197.71.

AutoNation Trading Up 1.4 %

Shares of NYSE:AN opened at $185.09 on Friday. The company’s 50-day moving average price is $174.38 and its two-hundred day moving average price is $171.47. AutoNation, Inc. has a one year low of $136.35 and a one year high of $197.18. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. The stock has a market capitalization of $7.34 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 3.50 and a beta of 1.26.

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.