9,000 Shares in AutoNation, Inc. (NYSE:AN) Bought by Arosa Capital Management LP

Arosa Capital Management LP purchased a new stake in AutoNation, Inc. (NYSE:AN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,000 shares of the company’s stock, valued at approximately $1,610,000. AutoNation comprises approximately 0.6% of Arosa Capital Management LP’s investment portfolio, making the stock its 27th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AN. Price T Rowe Associates Inc. MD grew its position in AutoNation by 6.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,742 shares of the company’s stock valued at $2,276,000 after buying an additional 855 shares during the period. Tidal Investments LLC increased its stake in shares of AutoNation by 61.0% in the 1st quarter. Tidal Investments LLC now owns 4,676 shares of the company’s stock valued at $774,000 after purchasing an additional 1,771 shares in the last quarter. Virtu Financial LLC purchased a new position in AutoNation during the first quarter worth approximately $297,000. GAMMA Investing LLC grew its holdings in AutoNation by 90.6% in the second quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock valued at $32,000 after purchasing an additional 96 shares during the period. Finally, First Hawaiian Bank purchased a new stake in shares of AutoNation in the second quarter valued at approximately $263,000. 94.62% of the stock is owned by institutional investors and hedge funds.

AutoNation Stock Performance

Shares of AN stock opened at $178.89 on Monday. AutoNation, Inc. has a one year low of $133.01 and a one year high of $197.18. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. The firm’s 50 day moving average price is $168.10 and its 200-day moving average price is $168.85. The firm has a market cap of $7.09 billion, a P/E ratio of 10.32, a P/E/G ratio of 3.75 and a beta of 1.21.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AN. 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 note on Thursday, November 21st. Wells Fargo & Company lowered their target price on AutoNation from $187.00 to $181.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 15th. JPMorgan Chase & Co. reduced 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 initiated coverage on AutoNation in a report on Thursday, September 12th. They issued an “overweight” rating and a $210.00 target price for the company. Finally, Bank of America reduced their price target on AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average 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.