AutoNation, Inc. (NYSE:AN) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lessened its position in AutoNation, Inc. (NYSE:AN) by 14.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,570 shares of the company’s stock after selling 587 shares during the period. MML Investors Services LLC’s holdings in AutoNation were worth $639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AN. Dimensional Fund Advisors LP lifted its position in AutoNation by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,605,708 shares of the company’s stock valued at $255,910,000 after purchasing an additional 41,712 shares during the period. State Street Corp raised its stake in shares of AutoNation by 2.3% during the 3rd quarter. State Street Corp now owns 854,034 shares of the company’s stock worth $152,804,000 after buying an additional 19,037 shares in the last quarter. LSV Asset Management lifted its holdings in shares of AutoNation by 0.6% in the 2nd quarter. LSV Asset Management now owns 781,825 shares of the company’s stock valued at $124,607,000 after buying an additional 4,350 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in AutoNation by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company’s stock worth $57,413,000 after acquiring an additional 19,015 shares during the period. Finally, Simcoe Capital Management LLC purchased a new position in AutoNation in the third quarter worth $42,255,000. Hedge funds and other institutional investors own 94.62% of the company’s stock.

Analyst Upgrades and Downgrades

AN has been the topic of several research analyst reports. Bank of America decreased their target price on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Wells Fargo & Company lowered their target price on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price target on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Stephens began coverage on AutoNation in a report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price target on the stock. Finally, Morgan Stanley raised AutoNation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $145.00 to $200.00 in a report on Wednesday, September 25th. 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 presently has an average rating of “Moderate Buy” and a consensus price target of $199.29.

AutoNation Stock Performance

Shares of NYSE:AN opened at $170.19 on Friday. The firm has a market capitalization of $6.75 billion, a PE ratio of 9.81, a P/E/G ratio of 3.63 and a beta of 1.24. AutoNation, Inc. has a 12 month low of $133.13 and a 12 month high of $197.18. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. The business has a 50-day moving average of $168.90 and a two-hundred day moving average of $169.48.

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.