Curio Wealth LLC Increases Stock Position in AutoNation, Inc. $AN

Curio Wealth LLC lifted its holdings in shares of AutoNation, Inc. (NYSE:AN) by 115,900.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,160 shares of the company’s stock after acquiring an additional 1,159 shares during the period. Curio Wealth LLC’s holdings in AutoNation were worth $230,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in shares of AutoNation by 37.4% during the first quarter. Geneos Wealth Management Inc. now owns 235 shares of the company’s stock worth $38,000 after purchasing an additional 64 shares during the period. GAMMA Investing LLC lifted its holdings in shares of AutoNation by 81.1% during the first quarter. GAMMA Investing LLC now owns 460 shares of the company’s stock worth $74,000 after purchasing an additional 206 shares during the period. Parallel Advisors LLC lifted its holdings in shares of AutoNation by 45.3% during the second quarter. Parallel Advisors LLC now owns 375 shares of the company’s stock worth $74,000 after purchasing an additional 117 shares during the period. SVB Wealth LLC acquired a new stake in shares of AutoNation during the first quarter worth $86,000. Finally, IFP Advisors Inc lifted its holdings in shares of AutoNation by 38.0% during the second quarter. IFP Advisors Inc now owns 508 shares of the company’s stock worth $101,000 after purchasing an additional 140 shares during the period. 94.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AN has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on AutoNation from $205.00 to $230.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Weiss Ratings raised AutoNation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Guggenheim reduced their target price on AutoNation from $230.00 to $228.00 and set a “buy” rating for the company in a report on Monday, August 11th. Wall Street Zen downgraded AutoNation from a “buy” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Wells Fargo & Company reduced their target price on AutoNation from $221.00 to $220.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $225.63.

AutoNation Trading Down 4.1%

NYSE:AN opened at $200.20 on Friday. The company has a market capitalization of $7.55 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.85. The company has a quick ratio of 0.21, a current ratio of 0.81 and a debt-to-equity ratio of 1.84. AutoNation, Inc. has a 52-week low of $148.33 and a 52-week high of $228.92. The stock has a fifty day simple moving average of $218.47 and a 200-day simple moving average of $199.44.

AutoNation (NYSE:AN) last released its quarterly earnings results on Thursday, October 23rd. The company reported $5.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.85 by $0.16. The business had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.74 billion. AutoNation had a return on equity of 32.07% and a net margin of 2.38%.The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.02 EPS. On average, equities research analysts expect that AutoNation, Inc. will post 18.15 earnings per share 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.