AutoNation, Inc. (NYSE:AN) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its position in shares of AutoNation, Inc. (NYSE:AN) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,603 shares of the company’s stock after selling 1,359 shares during the quarter. Corebridge Financial Inc.’s holdings in AutoNation were worth $5,028,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of AutoNation by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company’s stock valued at $57,413,000 after acquiring an additional 19,015 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of AutoNation by 9.7% during the 3rd quarter. Cerity Partners LLC now owns 3,346 shares of the company’s stock valued at $599,000 after acquiring an additional 297 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of AutoNation by 0.9% in the third quarter. The Manufacturers Life Insurance Company now owns 21,994 shares of the company’s stock valued at $3,935,000 after buying an additional 194 shares in the last quarter. FMR LLC raised its stake in shares of AutoNation by 3.7% during the third quarter. FMR LLC now owns 25,862 shares of the company’s stock valued at $4,627,000 after purchasing an additional 929 shares during the period. Finally, CreativeOne Wealth LLC increased its stake in AutoNation by 15.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 2,783 shares of the company’s stock worth $498,000 after buying an additional 381 shares during the period. Hedge funds and other institutional investors own 94.62% of the company’s stock.

AutoNation Price Performance

NYSE AN opened at $158.94 on Friday. The company has a 50 day simple moving average of $179.76 and a 200-day simple moving average of $173.72. AutoNation, Inc. has a 52-week low of $150.08 and a 52-week high of $198.50. The firm has a market capitalization of $6.24 billion, a price-to-earnings ratio of 9.38, a price-to-earnings-growth ratio of 3.51 and a beta of 1.32. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.74 and a quick ratio of 0.21.

AutoNation (NYSE:AN) last issued its earnings results on Tuesday, February 11th. The company reported $4.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.26 by $0.71. AutoNation had a net margin of 2.59% and a return on equity of 30.48%. Equities research analysts predict that AutoNation, Inc. will post 18.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AN has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of AutoNation from $170.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 12th. Stephens increased their price objective on AutoNation from $195.00 to $200.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Guggenheim restated a “buy” rating on shares of AutoNation in a report on Wednesday, February 12th. Evercore ISI raised their price objective on AutoNation from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $201.86.

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.