McIlrath & Eck LLC Acquires 136 Shares of AutoNation, Inc. (NYSE:AN)

McIlrath & Eck LLC increased its holdings in shares of AutoNation, Inc. (NYSE:AN) by 16.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 964 shares of the company’s stock after acquiring an additional 136 shares during the quarter. McIlrath & Eck LLC’s holdings in AutoNation were worth $172,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of AutoNation by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,605,708 shares of the company’s stock worth $255,910,000 after purchasing an additional 41,712 shares during the period. State Street Corp boosted its stake in AutoNation by 2.3% in the third quarter. State Street Corp now owns 854,034 shares of the company’s stock valued at $152,804,000 after acquiring an additional 19,037 shares during the last quarter. LSV Asset Management grew its position in shares of AutoNation by 0.6% during the 2nd quarter. LSV Asset Management now owns 781,825 shares of the company’s stock valued at $124,607,000 after acquiring an additional 4,350 shares during the period. Geode Capital Management LLC increased its stake in shares of AutoNation by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 433,730 shares of the company’s stock worth $77,623,000 after purchasing an additional 18,588 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of AutoNation by 6.3% in the 3rd 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 period. Hedge funds and other institutional investors own 94.62% of the company’s stock.

AutoNation Stock Performance

NYSE:AN opened at $176.10 on Wednesday. The stock has a market cap of $6.98 billion, a P/E ratio of 10.16, a PEG ratio of 3.74 and a beta of 1.24. 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 business’s 50-day moving average price is $168.18 and its two-hundred day moving average price is $169.31. AutoNation, Inc. has a twelve month low of $133.01 and a twelve month high of $197.18.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AN. Wells Fargo & Company lowered their target price on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Guggenheim dropped their price objective on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Stephens initiated coverage on shares of AutoNation in a research note on Thursday, September 12th. They issued an “overweight” rating and a $210.00 target price for the company. Bank of America dropped their price target on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, AutoNation currently has an average rating of “Moderate Buy” and a consensus price target of $199.29.

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.