Alpha DNA Investment Management LLC Makes New Investment in AutoNation, Inc. (NYSE:AN)


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Alpha DNA Investment Management LLC bought a new stake in shares of AutoNation, Inc. (NYSE:AN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,279 shares of the company’s stock, valued at approximately $159,000.

A number of other institutional investors have also made changes to their positions in AN. Hudson Bay Capital Management LP grew its position in AutoNation by 83.0% in the fourth quarter. Hudson Bay Capital Management LP now owns 36,602 shares of the company’s stock valued at $2,554,000 after acquiring an additional 16,602 shares in the last quarter. Eaton Vance Management grew its stake in shares of AutoNation by 18.3% during the fourth quarter. Eaton Vance Management now owns 30,958 shares of the company’s stock valued at $2,161,000 after acquiring an additional 4,779 shares in the last quarter. Alamar Capital Management LLC acquired a new stake in AutoNation during the 4th quarter valued at approximately $1,288,000. Norges Bank purchased a new stake in AutoNation during the 4th quarter worth approximately $47,569,000. Finally, UBS Asset Management Americas Inc. raised its position in shares of AutoNation by 6.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 135,692 shares of the company’s stock valued at $9,470,000 after purchasing an additional 8,052 shares in the last quarter. 63.36% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have commented on the stock. JPMorgan Chase & Co. downgraded shares of AutoNation from an “overweight” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a research note on Friday, January 15th. They noted that the move was a valuation call. Truist lifted their price target on AutoNation from $73.00 to $80.00 in a research note on Thursday, February 18th. Finally, Morgan Stanley lifted their target price on AutoNation from $56.00 to $60.00 and gave the stock an “underweight” rating in a research report on Thursday, February 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $63.50.

Shares of NYSE AN opened at $90.74 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.98 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average price is $85.60 and its two-hundred day moving average price is $70.75. AutoNation, Inc. has a 52-week low of $27.04 and a 52-week high of $96.20. The stock has a market capitalization of $7.48 billion, a P/E ratio of 20.67, a P/E/G ratio of 1.22 and a beta of 1.57.

AutoNation (NYSE:AN) last released its quarterly earnings data on Monday, February 15th. The company reported $2.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.42. AutoNation had a return on equity of 17.17% and a net margin of 1.92%. The business had revenue of $5.79 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter in the previous year, the firm posted $1.32 EPS. As a group, equities research analysts expect that AutoNation, Inc. will post 6.73 earnings per share for the current year.

In related news, EVP C Coleman Edmunds sold 3,270 shares of the stock in a transaction that occurred on Wednesday, February 24th. The stock was sold at an average price of $77.97, for a total value of $254,961.90. Also, major shareholder Edward S. Lampert sold 3,989 shares of AutoNation stock in a transaction on Friday, January 8th. The shares were sold at an average price of $76.10, for a total value of $303,562.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 293,373 shares of company stock valued at $23,214,316. Corporate insiders own 2.10% of the company’s stock.

AutoNation Profile

AutoNation, Inc engages in the provision of automotive products and services. It operates through the following segments: Domestic, Import, Premium Luxury, and Corporate & Other. The Domestic segment comprises retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Chrysler.

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Institutional Ownership by Quarter for AutoNation (NYSE:AN)

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