Corebridge Financial Inc. Cuts Stake in AutoNation, Inc. (NYSE:AN)

Corebridge Financial Inc. lowered its stake in AutoNation, Inc. (NYSE:AN) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,603 shares of the company’s stock after selling 1,359 shares during the period. Corebridge Financial Inc. owned approximately 0.07% of AutoNation worth $5,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 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 valued at $25,000 after buying an additional 128 shares during the period. Global X Japan Co. Ltd. lifted its holdings in shares of AutoNation by 150.8% during the fourth 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 boosted its holdings in shares of 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 acquiring an additional 215 shares during the last quarter. McIlrath & Eck LLC raised its holdings in shares of AutoNation by 16.4% during the third quarter. McIlrath & Eck LLC now owns 964 shares of the company’s stock valued at $172,000 after purchasing an additional 136 shares during the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new stake in AutoNation during the 3rd quarter valued at $201,000. Institutional investors own 94.62% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on AN shares. JPMorgan Chase & Co. decreased their target price on shares of AutoNation from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Thursday. Evercore ISI lifted their price target on AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Wells Fargo & Company raised their price target on AutoNation from $170.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. StockNews.com upgraded AutoNation from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, Guggenheim reaffirmed a “buy” rating on shares of AutoNation in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $201.86.

AutoNation Stock Performance

AN opened at $158.94 on Friday. The firm has a fifty day moving average price of $179.76 and a 200 day moving average price of $173.72. AutoNation, Inc. has a 1 year low of $150.08 and a 1 year high of $198.50. The stock has a market cap of $6.24 billion, a P/E ratio of 9.38, 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.

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

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.