Teacher Retirement System of Texas increased its position in AutoNation Inc. (NYSE:AN) by 37.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,372 shares of the company’s stock after buying an additional 1,456 shares during the period. Teacher Retirement System of Texas’ holdings in AutoNation were worth $252,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Orbis Allan Gray Ltd acquired a new position in AutoNation during the first quarter valued at $40,182,000. Adage Capital Partners GP L.L.C. acquired a new position in AutoNation during the first quarter valued at $5,295,000. Amici Capital LLC acquired a new position in AutoNation during the first quarter valued at $4,200,000. Quadrature Capital Ltd acquired a new position in AutoNation during the first quarter valued at $2,365,000. Finally, UBS Group AG boosted its position in AutoNation by 211.9% in the first quarter. UBS Group AG now owns 67,559 shares of the company’s stock valued at $3,153,000 after buying an additional 45,898 shares during the period. 69.10% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AutoNation Inc. (NYSE:AN) opened at 47.92 on Tuesday. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 12.33 and a beta of 1.10. The company has a 50-day moving average price of $48.39 and a 200 day moving average price of $48.59. AutoNation Inc. has a 12-month low of $40.45 and a 12-month high of $65.51.
AutoNation (NYSE:AN) last issued its earnings results on Friday, July 29th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. The business earned $5.44 billion during the quarter, compared to analyst estimates of $5.51 billion. AutoNation had a return on equity of 19.91% and a net margin of 1.99%. AutoNation’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 earnings per share. Equities research analysts expect that AutoNation Inc. will post $4.26 earnings per share for the current fiscal year.
Several equities research analysts recently commented on AN shares. CL King started coverage on AutoNation in a research note on Wednesday, September 7th. They issued a “buy” rating for the company. Wolfe Research started coverage on AutoNation in a research note on Wednesday, August 31st. They issued a “peer perform” rating for the company. TheStreet cut AutoNation from a “buy” rating to a “hold” rating in a research note on Thursday, September 29th. Jefferies Group boosted their price target on AutoNation from $50.00 to $57.00 and gave the company a “hold” rating in a research note on Monday, August 1st. Finally, Seaport Global Securities started coverage on AutoNation in a research note on Tuesday, August 9th. They issued a “neutral” rating for the company. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. AutoNation currently has an average rating of “Hold” and a consensus target price of $59.43.
AutoNation Company Profile
AutoNation, Inc is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
Want to see what other hedge funds are holding AN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AutoNation Inc. (NYSE:AN).
Receive News & Ratings for AutoNation Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation Inc. and related companies with MarketBeat.com's FREE daily email newsletter.