AutoNation, Inc. (NYSE:AN) Shares Sold by Vestcor Inc

Vestcor Inc trimmed its stake in shares of AutoNation, Inc. (NYSE:AN) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,295 shares of the company’s stock after selling 293 shares during the quarter. Vestcor Inc’s holdings in AutoNation were worth $1,305,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of AutoNation in the 2nd quarter valued at $37,000. Venturi Wealth Management LLC raised its stake in AutoNation by 403.6% in the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after buying an additional 226 shares in the last quarter. GAMMA Investing LLC lifted its holdings in AutoNation by 54.0% during the 3rd quarter. GAMMA Investing LLC now owns 311 shares of the company’s stock worth $56,000 after buying an additional 109 shares during the last quarter. Quarry LP boosted its position in shares of AutoNation by 498.5% during the 2nd quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after acquiring an additional 339 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of AutoNation by 212.2% in the 2nd quarter. Fifth Third Bancorp now owns 743 shares of the company’s stock valued at $118,000 after acquiring an additional 505 shares during the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.

AutoNation Trading Down 0.4 %

Shares of AutoNation stock opened at $175.27 on Thursday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. The company has a market capitalization of $6.95 billion, a P/E ratio of 10.11, a PEG ratio of 3.74 and a beta of 1.24. AutoNation, Inc. has a 1 year low of $133.01 and a 1 year high of $197.18. The company’s fifty day moving average is $168.21 and its two-hundred day moving average is $169.35.

Analysts Set New Price Targets

AN has been the subject of several recent analyst reports. Bank of America decreased their target price on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Guggenheim reduced their price objective 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. Wells Fargo & Company lowered their target price on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $145.00 to $200.00 in a research note on Wednesday, September 25th. Finally, Stephens started coverage on shares of AutoNation in a research note on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.