BNP Paribas Financial Markets Cuts Stock Position in AutoNation, Inc. (NYSE:AN)

BNP Paribas Financial Markets trimmed its position in shares of AutoNation, Inc. (NYSE:AN) by 3.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,192 shares of the company’s stock after selling 1,487 shares during the period. BNP Paribas Financial Markets’ holdings in AutoNation were worth $8,265,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. WINTON GROUP Ltd purchased a new stake in AutoNation during the second quarter valued at about $15,832,000. Lodge Hill Capital LLC bought a new stake in shares of AutoNation in the 2nd quarter valued at about $15,141,000. International Assets Investment Management LLC purchased a new stake in AutoNation during the 3rd quarter valued at about $131,250,000. Cubist Systematic Strategies LLC boosted its holdings in AutoNation by 4,275.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 50,107 shares of the company’s stock valued at $7,986,000 after acquiring an additional 51,307 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in AutoNation by 2.7% during 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 last quarter. Institutional investors own 94.62% of the company’s stock.

AutoNation Stock Up 0.7 %

AN stock opened at $180.07 on Tuesday. AutoNation, Inc. has a fifty-two week low of $133.01 and a fifty-two week high of $197.18. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 3.75 and a beta of 1.21. The business’s 50 day moving average price is $168.17 and its two-hundred day moving average price is $168.92. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $145.00 to $200.00 in a report on Wednesday, September 25th. Bank of America dropped their price target 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. Stephens assumed coverage on shares of AutoNation in a research report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price objective on the stock. Finally, Guggenheim dropped their target price on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, AutoNation has a consensus rating of “Moderate Buy” and an average target price of $199.29.

About AutoNation

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.