Foster & Motley Inc. Has $1.98 Million Stock Holdings in AutoNation, Inc. (NYSE:AN)

Foster & Motley Inc. boosted its stake in shares of AutoNation, Inc. (NYSE:AN) by 97.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,640 shares of the company’s stock after buying an additional 5,742 shares during the quarter. Foster & Motley Inc.’s holdings in AutoNation were worth $1,977,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Sei Investments Co. raised its stake in AutoNation by 0.5% in the second quarter. Sei Investments Co. now owns 15,130 shares of the company’s stock valued at $2,413,000 after buying an additional 72 shares during the period. Millennium Management LLC raised its stake in AutoNation by 258.6% in the second quarter. Millennium Management LLC now owns 28,888 shares of the company’s stock valued at $4,604,000 after buying an additional 20,832 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in AutoNation in the second quarter valued at approximately $590,000. Creative Planning raised its stake in AutoNation by 3.6% in the second quarter. Creative Planning now owns 8,405 shares of the company’s stock valued at $1,340,000 after buying an additional 289 shares during the period. Finally, Quarry LP raised its stake in AutoNation by 498.5% in the second quarter. Quarry LP now owns 407 shares of the company’s stock valued at $65,000 after buying an additional 339 shares during the period. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Price Performance

AutoNation stock opened at $191.56 on Friday. The stock’s fifty day moving average price is $176.88 and its two-hundred day moving average price is $172.38. AutoNation, Inc. has a one year low of $136.35 and a one year high of $197.18. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. The firm has a market cap of $7.60 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 3.50 and a beta of 1.26.

Wall Street Analyst Weigh In

AN has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on AutoNation from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Guggenheim dropped 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. Stephens increased their target price on AutoNation from $192.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. lowered their target price on AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, Bank of America lowered their target price on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.57.

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.