Kendall Capital Management Sells 540 Shares of AutoNation, Inc. (NYSE:AN)

Kendall Capital Management decreased its stake in AutoNation, Inc. (NYSE:AN) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,030 shares of the company’s stock after selling 540 shares during the quarter. Kendall Capital Management’s holdings in AutoNation were worth $1,534,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AN. Dorsey & Whitney Trust CO LLC increased its position in AutoNation by 5.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,052 shares of the company’s stock valued at $349,000 after acquiring an additional 105 shares during the last quarter. Rialto Wealth Management LLC purchased a new position in shares of AutoNation during the 4th quarter worth about $241,000. Edgestream Partners L.P. purchased a new position in shares of AutoNation during the 4th quarter worth about $1,633,000. Inceptionr LLC grew its holdings in AutoNation by 66.0% during the 4th quarter. Inceptionr LLC now owns 5,868 shares of the company’s stock valued at $997,000 after purchasing an additional 2,334 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in AutoNation in the 4th quarter worth about $7,836,000. Institutional investors own 94.62% of the company’s stock.

AutoNation Stock Performance

Shares of AutoNation stock opened at $171.14 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.21 and a debt-to-equity ratio of 1.39. The stock’s fifty day moving average price is $182.31 and its 200-day moving average price is $174.49. The firm has a market cap of $6.68 billion, a P/E ratio of 10.10, a P/E/G ratio of 3.51 and a beta of 1.32. AutoNation, Inc. has a 12 month low of $147.31 and a 12 month high of $198.50.

AutoNation (NYSE:AN) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $4.97 EPS for the quarter, beating 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%. On average, equities research analysts expect that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on AutoNation from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. StockNews.com raised AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company lifted their target price on AutoNation from $170.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Stephens boosted their target price on shares of AutoNation from $195.00 to $200.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 12th. Finally, Evercore ISI raised their price target on shares of AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, AutoNation currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.71.

AutoNation 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.