Kestra Investment Management LLC Sells 765 Shares of AutoNation, Inc. (NYSE:AN)

Kestra Investment Management LLC decreased its holdings in shares of AutoNation, Inc. (NYSE:AN) by 23.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,507 shares of the company’s stock after selling 765 shares during the quarter. Kestra Investment Management LLC’s holdings in AutoNation were worth $426,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Fortitude Family Office LLC increased its position in shares of AutoNation by 581.8% during the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock worth $25,000 after acquiring an additional 128 shares during the period. Global X Japan Co. Ltd. increased its holdings in AutoNation by 150.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock worth $27,000 after purchasing an additional 95 shares during the period. Venturi Wealth Management LLC raised its position in AutoNation by 403.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after purchasing an additional 226 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of AutoNation by 16.4% in the 3rd quarter. McIlrath & Eck LLC now owns 964 shares of the company’s stock worth $172,000 after buying an additional 136 shares during the period. Finally, Arkadios Wealth Advisors bought a new position in shares of AutoNation during the 3rd quarter worth $201,000. 94.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

AN has been the subject of a number of research reports. Stephens upped their price objective on shares of AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. Evercore ISI upped their price target on shares of AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of AutoNation from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Wednesday. Wells Fargo & Company upped their target price on AutoNation from $170.00 to $194.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Finally, StockNews.com raised AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $204.71.

AutoNation Price Performance

Shares of AN opened at $189.67 on Thursday. The company has a 50 day moving average of $180.66 and a two-hundred day moving average of $173.78. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. AutoNation, Inc. has a twelve month low of $136.35 and a twelve month high of $198.50. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 3.72 and a beta of 1.25.

AutoNation (NYSE:AN) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, topping analysts’ consensus estimates of $4.26 by $0.71. AutoNation had a return on equity of 30.98% and a net margin of 2.59%. As a group, analysts predict that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

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.