What’s Autonation Inc (NYSE:AN) Upside After This Short Interest Decrease?

June 18, 2018 - By Kurt Siggers

AutoNation, Inc. (NYSE:AN) Logo

Investors sentiment increased to 1.02 in Q1 2018. Its up 0.23, from 0.79 in 2017Q4. It improved, as 21 investors sold AutoNation, Inc. shares while 93 reduced holdings. 43 funds opened positions while 73 raised stakes. 60.24 million shares or 4.10% less from 62.82 million shares in 2017Q4 were reported.
Retirement Of Alabama holds 77,192 shares. Huntington Bancorp stated it has 0% in AutoNation, Inc. (NYSE:AN). Teewinot Advisers Lc has invested 0.84% in AutoNation, Inc. (NYSE:AN). Sumitomo Mitsui Tru Hldg has 174,624 shares for 0.01% of their portfolio. Profund Advsr Limited invested in 0.01% or 6,825 shares. 1.11M are owned by Gamco Investors Inc Et Al. Hbk Invests Lp has invested 0.01% in AutoNation, Inc. (NYSE:AN). Lsv Asset, a Illinois-based fund reported 121,000 shares. Louisiana-based Louisiana State Employees Retirement Sys has invested 0.03% in AutoNation, Inc. (NYSE:AN). Apg Asset Nv has 35,900 shares. Kbc Nv reported 153,396 shares. Robeco Institutional Asset Mngmt Bv holds 0% in AutoNation, Inc. (NYSE:AN) or 2,426 shares. Arlington Value Capital Ltd Liability Corporation stated it has 6.72% of its portfolio in AutoNation, Inc. (NYSE:AN). Moreover, Ogorek Anthony Joseph Ny Adv has 0.02% invested in AutoNation, Inc. (NYSE:AN). 16,459 were reported by Amp.

Since January 2, 2018, it had 0 buys, and 3 insider sales for $1.09 million activity.

The stock of Autonation Inc (NYSE:AN) registered a decrease of 7.44% in short interest. AN’s total short interest was 5.58 million shares in June as published by FINRA. Its down 7.44% from 6.03 million shares, reported previously. With 834,900 shares average volume, it will take short sellers 7 days to cover their AN’s short positions. The short interest to Autonation Inc’s float is 9.15%.

The stock increased 0.82% or $0.4 during the last trading session, reaching $49.42. About 815,610 shares traded. AutoNation, Inc. (NYSE:AN) has risen 18.64% since June 18, 2017 and is uptrending. It has outperformed by 6.07% the S&P500.

AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company has market cap of $4.49 billion. The firm operates in three divisions: Domestic, Import, and Premium Luxury. It has a 11.03 P/E ratio. It offers a range of automotive services and products, including new and used vehicles; and parts and services, such as automotive repair and maintenance services, and wholesale parts and collision services.

AutoNation, Inc. (NYSE:AN) Ratings Coverage

Among 5 analysts covering AutoNation (NYSE:AN), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. AutoNation has $68 highest and $5300 lowest target. $59.50’s average target is 20.40% above currents $49.42 stock price. AutoNation had 7 analyst reports since January 18, 2018 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Friday, February 2. Morgan Stanley maintained AutoNation, Inc. (NYSE:AN) on Wednesday, March 14 with “Overweight” rating. The rating was initiated by Guggenheim with “Hold” on Monday, April 16. Stephens maintained the stock with “Hold” rating in Thursday, January 18 report. The stock of AutoNation, Inc. (NYSE:AN) has “Neutral” rating given on Friday, February 9 by Bank of America. As per Wednesday, April 18, the company rating was maintained by Jefferies.

Another recent and important AutoNation, Inc. (NYSE:AN) news was published by Nasdaq.com which published an article titled: “New Research: Key Drivers of Growth for CNA Financial, AutoNation, Hess, Infinity Pharmaceuticals, Regulus …” on June 12, 2018.

AutoNation, Inc. (NYSE:AN) Ratings Chart

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