Moran Wealth Management LLC Sells 2,185 Shares of AutoNation, Inc. (NYSE:AN)

Moran Wealth Management LLC lowered its position in AutoNation, Inc. (NYSE:AN) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,524 shares of the company’s stock after selling 2,185 shares during the period. Moran Wealth Management LLC owned 0.12% of AutoNation worth $8,682,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Factorial Partners LLC lifted its holdings in shares of AutoNation by 6.3% in the third quarter. Factorial Partners LLC now owns 3,400 shares of the company’s stock valued at $608,000 after purchasing an additional 200 shares in the last quarter. Pathstone Holdings LLC lifted its holdings in AutoNation by 4.6% during the third quarter. Pathstone Holdings LLC now owns 20,361 shares of the company’s stock worth $3,643,000 after acquiring an additional 889 shares during the period. Strengthening Families & Communities LLC lifted its holdings in AutoNation by 13.2% during the third quarter. Strengthening Families & Communities LLC now owns 3,403 shares of the company’s stock worth $609,000 after acquiring an additional 398 shares during the period. Quest Partners LLC lifted its holdings in AutoNation by 48,440.0% during the third quarter. Quest Partners LLC now owns 4,854 shares of the company’s stock worth $868,000 after acquiring an additional 4,844 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in AutoNation by 1.6% during the third quarter. Thrivent Financial for Lutherans now owns 11,173 shares of the company’s stock worth $1,999,000 after acquiring an additional 181 shares during the period. Institutional investors own 94.62% of the company’s stock.

Insider Activity

In other news, major shareholder Edward S. Lampert sold 39,194 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $183.43, for a total value of $7,189,355.42. Following the completion of the sale, the insider now owns 3,786,144 shares of the company’s stock, valued at approximately $694,492,393.92. The trade was a 1.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.74% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Morgan Stanley raised AutoNation from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Stephens began coverage on AutoNation in a research report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 price target for the company. JPMorgan Chase & Co. reduced their price target on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research 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 for the company in a research report on Monday, October 14th. Finally, Wells Fargo & Company reduced their price target 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $199.00.

AutoNation Trading Up 0.0 %

Shares of AN stock opened at $164.85 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. The business has a 50-day moving average price of $167.10 and a two-hundred day moving average price of $168.33. AutoNation, Inc. has a 12-month low of $130.35 and a 12-month high of $197.18. The firm has a market cap of $6.54 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 3.42 and a beta of 1.21.

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.