Horizon Kinetics Asset Management LLC Reduces Holdings in AutoNation, Inc. (NYSE:AN)

Horizon Kinetics Asset Management LLC lowered its stake in shares of AutoNation, Inc. (NYSE:AN) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 286,763 shares of the company’s stock after selling 4,946 shares during the quarter. AutoNation comprises approximately 0.8% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 16th largest holding. Horizon Kinetics Asset Management LLC owned about 0.72% of AutoNation worth $51,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in AutoNation by 90.6% during the 2nd quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock worth $32,000 after acquiring an additional 96 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of AutoNation during the second quarter worth about $37,000. Venturi Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 226 shares during the period. Quarry LP boosted its position 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 last quarter. Finally, Mather Group LLC. acquired a new position in AutoNation in the 2nd quarter worth approximately $103,000. 94.62% of the stock is owned by hedge funds and other institutional investors.

AutoNation Stock Performance

NYSE:AN opened at $177.35 on Monday. The company has a market cap of $7.03 billion, a P/E ratio of 9.95, a P/E/G ratio of 3.62 and a beta of 1.21. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. AutoNation, Inc. has a twelve month low of $130.35 and a twelve month high of $197.18. The company’s 50-day moving average price is $167.39 and its 200-day moving average price is $168.45.

Analyst Upgrades and Downgrades

AN has been the topic of several analyst reports. Morgan Stanley raised AutoNation from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $145.00 to $200.00 in a research report on Wednesday, September 25th. Bank of America reduced their price target on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research report on Monday, October 14th. JPMorgan Chase & Co. lowered their price objective on AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Stephens began coverage on shares of AutoNation in a report on Thursday, September 12th. They set an “overweight” rating and a $210.00 target price for the company. Finally, 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 report on Thursday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $199.29.

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.