JPMorgan Chase & Co. Has $32.69 Million Stock Position in AutoNation, Inc. (NYSE:AN)

JPMorgan Chase & Co. reduced its stake in shares of AutoNation, Inc. (NYSE:AN) by 18.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 182,698 shares of the company’s stock after selling 40,465 shares during the quarter. JPMorgan Chase & Co.’s holdings in AutoNation were worth $32,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of AutoNation by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,605,708 shares of the company’s stock worth $255,910,000 after acquiring an additional 41,712 shares during the period. State Street Corp raised its stake in shares of AutoNation by 2.3% in the third quarter. State Street Corp now owns 854,034 shares of the company’s stock valued at $152,804,000 after purchasing an additional 19,037 shares in the last quarter. LSV Asset Management lifted its position in AutoNation by 0.6% in the second quarter. LSV Asset Management now owns 781,825 shares of the company’s stock worth $124,607,000 after purchasing an additional 4,350 shares during the period. Geode Capital Management LLC boosted its stake in AutoNation by 4.5% during the third quarter. Geode Capital Management LLC now owns 433,730 shares of the company’s stock worth $77,623,000 after buying an additional 18,588 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in AutoNation by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company’s stock valued at $57,413,000 after buying an additional 19,015 shares during the period. 94.62% of the stock is owned by institutional investors.

AutoNation Stock Up 2.1 %

NYSE AN opened at $172.85 on Tuesday. The stock’s 50 day simple moving average is $170.41 and its 200 day simple moving average is $169.83. 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, Inc. has a one year low of $133.13 and a one year high of $197.18. The firm has a market cap of $6.85 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 3.63 and a beta of 1.26.

Analyst Upgrades and Downgrades

AN has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Stephens began coverage on shares of AutoNation in a research note on Thursday, September 12th. They set an “overweight” rating and a $210.00 price target for the company. Guggenheim lowered their price objective on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company cut their target price on AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Finally, Bank of America lowered their price target on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $199.29.

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.