Custom Index Systems LLC Buys 453 Shares of AutoNation, Inc. (NYSE:AN)

Custom Index Systems LLC grew its stake in AutoNation, Inc. (NYSE:AN) by 20.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,715 shares of the company’s stock after purchasing an additional 453 shares during the period. Custom Index Systems LLC’s holdings in AutoNation were worth $461,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fortitude Family Office LLC boosted its holdings in shares of AutoNation by 581.8% during the 4th quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock valued at $25,000 after buying an additional 128 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in AutoNation by 403.6% during the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock worth $50,000 after acquiring an additional 226 shares in the last quarter. GAMMA Investing LLC grew its holdings in AutoNation by 54.0% in the third quarter. GAMMA Investing LLC now owns 311 shares of the company’s stock worth $56,000 after purchasing an additional 109 shares during the period. Quarry LP increased its stake in shares of AutoNation by 498.5% during the second quarter. Quarry LP now owns 407 shares of the company’s stock valued at $65,000 after purchasing an additional 339 shares in the last quarter. Finally, NBC Securities Inc. lifted its holdings in shares of AutoNation by 28.1% during the third quarter. NBC Securities Inc. now owns 802 shares of the company’s stock valued at $143,000 after purchasing an additional 176 shares during the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.

AutoNation Stock Performance

Shares of NYSE AN opened at $188.39 on Friday. 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 firm’s 50-day moving average price is $177.19 and its 200-day moving average price is $172.48. AutoNation, Inc. has a 52-week low of $136.35 and a 52-week high of $197.18. The company has a market cap of $7.47 billion, a PE ratio of 10.86, a PEG ratio of 3.60 and a beta of 1.26.

Wall Street Analysts Forecast Growth

AN has been the subject of a number of analyst reports. Stephens raised their price objective on AutoNation from $192.00 to $195.00 and gave the company an “equal weight” rating in a research report on Monday, January 27th. 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 report on Tuesday, November 5th. Guggenheim dropped their price target on shares of 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 raised their price objective on shares of AutoNation from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 15th. Finally, Bank of America dropped their target price on shares of 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.57.

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.