EntryPoint Capital LLC Takes $679,000 Position in AutoNation, Inc. (NYSE:AN)

EntryPoint Capital LLC bought a new position in shares of AutoNation, Inc. (NYSE:AN) during the fourth quarter, Holdings Channel reports. The fund bought 3,997 shares of the company’s stock, valued at approximately $679,000.

Several other large investors have also recently modified their holdings of the business. Fortitude Family Office LLC raised its position in shares of AutoNation by 581.8% during the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock worth $25,000 after acquiring an additional 128 shares during the last quarter. Global X Japan Co. Ltd. raised its holdings in AutoNation by 150.8% during the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock worth $27,000 after purchasing an additional 95 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of AutoNation by 77.1% in the 4th quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock worth $84,000 after purchasing an additional 215 shares during the period. McIlrath & Eck LLC boosted its stake in shares of AutoNation by 16.4% in the 3rd quarter. McIlrath & Eck LLC now owns 964 shares of the company’s stock valued at $172,000 after purchasing an additional 136 shares during the last quarter. Finally, Curio Wealth LLC acquired a new stake in shares of AutoNation during the fourth quarter worth $197,000. Institutional investors own 94.62% of the company’s stock.

Wall Street Analysts Forecast Growth

AN has been the topic of several recent analyst reports. StockNews.com upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company upped their target price on AutoNation from $170.00 to $194.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 12th. Guggenheim reiterated a “buy” rating on shares of AutoNation in a report on Wednesday, February 12th. Evercore ISI boosted their price target on AutoNation from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Finally, Stephens raised their price objective on shares of AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, AutoNation currently has an average rating of “Moderate Buy” and a consensus price target of $204.71.

AutoNation Price Performance

Shares of NYSE:AN opened at $175.58 on Tuesday. AutoNation, Inc. has a twelve month low of $150.08 and a twelve month high of $198.50. The stock’s 50 day moving average is $180.95 and its 200-day moving average is $173.63. The company has a quick ratio of 0.21, a current ratio of 0.74 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 3.51 and a beta of 1.32.

AutoNation (NYSE:AN) last released its quarterly earnings data on Tuesday, February 11th. The company reported $4.97 earnings per share for the quarter, topping the consensus estimate of $4.26 by $0.71. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. Sell-side analysts forecast that AutoNation, Inc. will post 18.15 EPS for the current fiscal year.

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.