Private Management Group Inc. Reduces Stake in AutoNation

Hedge fund lowers holdings in automotive retailer by over 26% in Q3

Mar. 14, 2026 at 9:21am

Got story updates? Submit your updates here. ›

Private Management Group Inc. lowered its holdings in shares of AutoNation, Inc. (NYSE:AN) by 26.1% in the third quarter, according to the company's recent 13F filing with the Securities & Exchange Commission. The firm now owns 92,629 shares of the company's stock, down from 125,295 shares previously.

Why it matters

This filing provides insight into the investment strategy of Private Management Group Inc., a notable institutional investor in the automotive retail sector. The reduction in their AutoNation stake could signal a shift in their outlook on the company or the broader industry.

The details

According to the 13F filing, Private Management Group Inc. sold 32,666 shares of AutoNation stock during the third quarter. This reduced their total holdings to 92,629 shares, worth approximately $20.3 million based on AutoNation's stock price at the end of the quarter.

  • Private Management Group Inc. filed the 13F report for the third quarter of 2026.

The players

Private Management Group Inc.

A hedge fund that invests in various sectors, including the automotive industry.

AutoNation, Inc.

The largest automotive retailer in the United States, operating a network of franchised new vehicle dealerships, pre-owned vehicle superstores, and collision-repair centers.

Got photos? Submit your photos here. ›

The takeaway

This filing highlights the changing investment landscape in the automotive retail sector, as institutional investors like Private Management Group Inc. adjust their portfolios in response to market conditions and their own strategic priorities.