PNC Financial Services Group Inc. Cuts Stake in AutoNation, Inc. (NYSE:AN)

PNC Financial Services Group Inc. lessened its stake in shares of AutoNation, Inc. (NYSE:AN) by 11.7% in the 3rd quarter, Holdings Channel reports. The firm owned 5,574 shares of the company’s stock after selling 740 shares during the period. PNC Financial Services Group Inc.’s holdings in AutoNation were worth $997,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. cut their price target on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Bank of America reduced their price target on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Wells Fargo & Company dropped their price objective 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 raised their price objective for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Finally, Guggenheim decreased their target price on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $199.29.

AutoNation Stock Down 0.2 %

Shares of NYSE:AN opened at $179.22 on Thursday. The company has a market capitalization of $7.11 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 3.76 and a beta of 1.21. AutoNation, Inc. has a 12-month low of $130.35 and a 12-month high of $197.18. The business has a 50-day moving average price of $167.83 and a 200 day moving average price of $168.65. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58.

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.