AutoNationAN
Market Cap: $6.5B
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
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
35.46% more ownership
Funds ownership: 25.59% [Q1] → 61.06% (+35.46%) [Q2]
0% less funds holding
Funds holding: 445 [Q1] → 444 (-1) [Q2]
2% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 59
9% less repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 159
10% less capital invested
Capital invested by funds: $4.37B [Q1] → $3.92B (-$444M) [Q2]
38% less call options, than puts
Call options by funds: $36.7M | Put options by funds: $59.5M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
JP Morgan Rajat Gupta 69% 1-year accuracy 18 / 26 met price target | 1%downside $160 | Neutral Maintained | 6 Aug 2024 |
Wells Fargo Colin Langan 20% 1-year accuracy 5 / 25 met price target | 16%upside $187 | Equal-Weight Maintained | 1 Aug 2024 |
B of A Securities John Murphy 49% 1-year accuracy 17 / 35 met price target | 36%upside $220 | Buy Maintained | 22 Jul 2024 |
Evercore ISI Group Douglas Dutton 100% 1-year accuracy 3 / 3 met price target | 36%upside $220 | Outperform Maintained | 10 Jun 2024 |