AN stock icon

AutoNation
AN

$170.48
0.12%
 

About: AutoNation is the second largest automotive dealer in the United States, with 2023 revenue of about $27 billion and over 250 dealerships, plus 53 collision centers. The firm also has 23 AutoNation USA used-vehicle stores, a captive lender, four auction sites, and three parts distributors all across 21 states primarily in Sunbelt metropolitan areas. New-vehicle sales account for nearly half of revenue; the company also sells used vehicles, parts, and repair services as well as auto financing. The company (formerly Republic Industries) spun off its waste management unit (Republic Services) in 1999 and its car rental businesses (ANC Rental) in 2000. Wayne Huizenga founded the company in the 1990s to bring the rollup acquisition strategy to auto retailing, which has proved to be a smart move.

Employees: 25,300

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 9 analysts
0
News positive %
of 4 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

14% more capital invested

Capital invested by funds: $3.72B [Q4 2023] → $4.25B (+$535M) [Q1 2024]

11% more call options, than puts

Call options by funds: $114M | Put options by funds: $103M

7% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 60

5% more repeat investments, than reductions

Existing positions increased: 156 | Existing positions reduced: 149

1% more funds holding

Funds holding: 436 [Q4 2023] → 440 (+4) [Q1 2024]

33.27% less ownership

Funds ownership: 58.18% [Q4 2023] → 24.92% (-33.27%) [Q1 2024]

100% less funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 0 (-3) [Q1 2024]

Research analyst outlook

9 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$140
18%
downside
Avg. target
$177
4%
upside
High target
$220
29%
upside

9 analyst ratings

positive
56%
neutral
44%
negative
0%
Evercore ISI Group
Douglas Dutton
29%upside
$220
Outperform
Maintained
10 Jun 2024
Guggenheim
Ali Faghri
10%upside
$187
Buy
Maintained
17 May 2024
JP Morgan
Rajat Gupta
9%downside
$155
Neutral
Maintained
2 May 2024
Wells Fargo
Colin Langan
1%downside
$169
Equal-Weight
Maintained
29 Apr 2024
Guggenheim
Ronald Jewsikow
1%downside
$169
Buy
Maintained
17 Apr 2024

Financial journalist opinion

Based on 4 articles about AN published over the past 30 days