Bill & Melinda Gates Foundation Trust Has $80,297,000 Position in AutoNation, Inc. (AN)

Bill & Melinda Gates Foundation Trust held its stake in shares of AutoNation, Inc. (NYSE:AN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,898,717 shares of the company’s stock at the end of the first quarter. AutoNation makes up approximately 0.4% of Bill & Melinda Gates Foundation Trust’s portfolio, making the stock its 14th largest position. Bill & Melinda Gates Foundation Trust owned about 1.88% of AutoNation worth $80,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mason Street Advisors LLC raised its stake in shares of AutoNation by 0.9% in the first quarter. Mason Street Advisors LLC now owns 9,065 shares of the company’s stock worth $383,000 after buying an additional 81 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of AutoNation by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 22,750 shares of the company’s stock valued at $962,000 after buying an additional 325 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of AutoNation by 3.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,265 shares of the company’s stock valued at $476,000 after buying an additional 327 shares in the last quarter. Comerica Bank increased its position in AutoNation by 0.9% in the fourth quarter. Comerica Bank now owns 38,817 shares of the company’s stock valued at $1,992,000 after buying an additional 338 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in AutoNation by 1.9% in the first quarter. Nationwide Fund Advisors now owns 27,268 shares of the company’s stock valued at $1,153,000 after buying an additional 511 shares during the last quarter. 66.12% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for AutoNation (NYSE:AN)

AutoNation, Inc. (NYSE AN) traded up 0.36% during trading on Thursday, hitting $39.53. 1,274,793 shares of the company’s stock traded hands. AutoNation, Inc. has a 12-month low of $38.20 and a 12-month high of $54.15. The stock has a market cap of $4.00 billion, a P/E ratio of 9.35 and a beta of 1.21. The firm’s 50-day moving average price is $40.16 and its 200 day moving average price is $45.01.

AutoNation (NYSE:AN) last posted its earnings results on Tuesday, April 25th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.06. AutoNation had a net margin of 2.00% and a return on equity of 18.40%. The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.33 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s revenue was up .4% compared to the same quarter last year. Analysts anticipate that AutoNation, Inc. will post $3.91 earnings per share for the current fiscal year.

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Several equities research analysts have weighed in on the company. Morgan Stanley cut their price target on AutoNation from $57.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, June 9th. Northcoast Research raised shares of AutoNation from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Thursday, June 8th. ValuEngine lowered shares of AutoNation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $50.00 price target (down from $52.00) on shares of AutoNation in a research note on Saturday, April 29th. Finally, TheStreet lowered shares of AutoNation from a “b-” rating to a “c+” rating in a research note on Wednesday, March 1st. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. AutoNation currently has a consensus rating of “Hold” and an average price target of $49.43.

About AutoNation

AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.

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