AutoNation, Inc. (NYSE:AN) Shares Purchased by Quest Partners LLC

Quest Partners LLC boosted its position in AutoNation, Inc. (NYSE:AN) by 48,440.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,854 shares of the company’s stock after acquiring an additional 4,844 shares during the period. Quest Partners LLC’s holdings in AutoNation were worth $868,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AN. GAMMA Investing LLC boosted its position in shares of AutoNation by 90.6% in the second quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock worth $32,000 after acquiring an additional 96 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of AutoNation during the 2nd quarter valued at $37,000. Venturi Wealth Management LLC increased its holdings in shares of AutoNation by 403.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock worth $50,000 after buying an additional 226 shares during the last quarter. Quarry LP raised its position in shares of AutoNation by 498.5% in the 2nd quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after buying an additional 339 shares during the period. Finally, Mather Group LLC. purchased a new position in shares of AutoNation in the 2nd quarter worth $103,000. 94.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AN has been the subject of a number of research reports. Guggenheim lowered their price target on AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley raised shares of AutoNation from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Wells Fargo & Company decreased their price objective on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Bank of America dropped their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Stephens started coverage on AutoNation in a research report on Thursday, September 12th. They set an “overweight” rating and a $210.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $199.29.

Insider Buying and Selling

In related news, major shareholder Edward S. Lampert sold 39,194 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $183.43, for a total transaction of $7,189,355.42. Following the transaction, the insider now directly owns 3,786,144 shares in the company, valued at $694,492,393.92. This trade represents a 1.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.74% of the company’s stock.

AutoNation Price Performance

Shares of AN stock opened at $169.87 on Friday. The firm has a fifty day moving average of $167.10 and a two-hundred day moving average of $168.33. The firm has a market cap of $6.73 billion, a P/E ratio of 9.80, a P/E/G ratio of 3.42 and a beta of 1.21. AutoNation, Inc. has a 1-year low of $130.35 and a 1-year 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.

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.