AutoNation (AN)

• Market cap: $6.43B
• 1 day: 1.12%
• 5 days: -7.84%
• 1 month: -6.64%
• 3 months: -1.92%
• 6 months: -8.06%
• Year to date: -1.92%
• 1 year: -0.62%
• 5 years: 517.42%
• 10 years: 156.77%
• Sector: Consumer Discretionary
• Industry: Auto Dealers & Gasoline Stations

About: AutoNation is the second-largest automotive dealer in the United States, with 2024 revenue of about $27 billion and over 240 dealerships, plus 52 collision centers. The firm also has 26 AutoNation USA used-vehicle stores, a captive lender, four auction sites, and three parts distributors across 20 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) divested 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: 25,100

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

67% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 5 (+2) [Q4]

17% more first-time investments, than exits

New positions opened: 63 | Existing positions closed: 54

4.18% more ownership

Funds ownership: 63.22% [Q3] → 67.39% (+4.18%) [Q4]

2% more capital invested

Capital invested by funds: $4.47B [Q3] → $4.54B (+$68M) [Q4]

1% more funds holding

Funds holding: 432 [Q3] → 435 (+3) [Q4]

21% less repeat investments, than reductions

Existing positions increased: 130 | Existing positions reduced: 164

23% less call options, than puts

Call options by funds: $32.2M | Put options by funds: $41.7M

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $175 7% upside
• Avg. target: $202 24% upside
• High target: $240 47% upside

4 analyst ratings

• positive: 1 25%
• neutral: 3 75%
• negative: 0 0%

JP Morgan Rajat Gupta 54% 1-year accuracy 25 / 46 met price target	7% upside $175	Neutral Maintained	27 Mar 2025
Evercore ISI Group Douglas Dutton 0% 1-year accuracy 0 / 3 met price target	47% upside $240	Outperform Maintained	18 Feb 2025
Wells Fargo Colin Langan 20% 1-year accuracy 7 / 35 met price target	18% upside $194	Equal-Weight Maintained	12 Feb 2025
Stephens & Co. Jeff Lick 27% 1-year accuracy 3 / 11 met price target	22% upside $200	Equal-Weight Maintained	12 Feb 2025