AutoNation, Inc. (NYSE:AN) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC lowered its stake in AutoNation, Inc. (NYSE:AN) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 282,198 shares of the company’s stock after selling 4,565 shares during the quarter. AutoNation comprises 0.6% of Horizon Kinetics Asset Management LLC’s portfolio, making the stock its 16th largest position. Horizon Kinetics Asset Management LLC owned about 0.71% of AutoNation worth $47,929,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AN. Fortitude Family Office LLC grew its stake in AutoNation by 581.8% during the 4th quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock valued at $25,000 after purchasing an additional 128 shares in the last quarter. Global X Japan Co. Ltd. grew its stake in AutoNation by 150.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock valued at $27,000 after purchasing an additional 95 shares in the last quarter. Farther Finance Advisors LLC grew its stake in AutoNation by 77.1% during the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock valued at $84,000 after purchasing an additional 215 shares in the last quarter. McIlrath & Eck LLC grew its stake in AutoNation by 16.4% during the 3rd quarter. McIlrath & Eck LLC now owns 964 shares of the company’s stock valued at $172,000 after purchasing an additional 136 shares in the last quarter. Finally, Curio Wealth LLC acquired a new stake in AutoNation during the 4th quarter valued at approximately $197,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Trading Up 2.4 %

NYSE:AN opened at $160.44 on Monday. AutoNation, Inc. has a 12-month low of $150.08 and a 12-month high of $198.50. The firm has a market capitalization of $6.27 billion, a P/E ratio of 9.47, a P/E/G ratio of 3.51 and a beta of 1.32. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.21. The business has a 50 day simple moving average of $181.67 and a 200 day simple moving average of $173.91.

AutoNation (NYSE:AN) last released its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.26 by $0.71. AutoNation had a return on equity of 30.48% and a net margin of 2.59%. Equities research analysts predict that AutoNation, Inc. will post 18.15 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on AN. Guggenheim reaffirmed a “buy” rating on shares of AutoNation in a report on Wednesday, February 12th. Evercore ISI increased their target price on AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Wells Fargo & Company increased 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. StockNews.com raised AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their target price on AutoNation from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, AutoNation currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.71.

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.