Custom Index Systems LLC Has $461,000 Stake in AutoNation, Inc. (NYSE:AN)

Custom Index Systems LLC boosted its holdings in AutoNation, Inc. (NYSE:AN) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,715 shares of the company’s stock after buying an additional 453 shares during the period. Custom Index Systems LLC’s holdings in AutoNation were worth $461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Simcoe Capital Management LLC bought a new position in shares of AutoNation during the third quarter worth $42,255,000. Holocene Advisors LP bought a new stake in shares of AutoNation in the third quarter worth about $20,046,000. Verition Fund Management LLC raised its position 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 purchasing an additional 96,058 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of AutoNation during the 4th quarter valued at about $13,239,000. Finally, International Assets Investment Management LLC acquired a new position in shares of AutoNation in the 3rd quarter valued at approximately $131,250,000. 94.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on AN. Wells Fargo & Company lifted their target price on AutoNation from $169.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 15th. Guggenheim decreased their target price on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday, November 21st. JPMorgan Chase & Co. cut their price target on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Stephens raised their price objective on AutoNation from $192.00 to $195.00 and gave the company an “equal weight” rating in a report on Monday, January 27th. Finally, Bank of America decreased their price target on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, AutoNation presently has an average rating of “Moderate Buy” and an average price target of $195.57.

AutoNation Stock Performance

Shares of AutoNation stock opened at $188.39 on Friday. The firm has a market capitalization of $7.47 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 3.60 and a beta of 1.26. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. The business’s fifty day simple moving average is $177.19 and its 200 day simple moving average is $172.48. AutoNation, Inc. has a 12 month low of $136.35 and a 12 month high of $197.18.

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.