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AutoNation, Inc. Message Board

  • jdooed jdooed Jan 31, 2013 8:04 AM Flag

    Great earnings report!

    Jan 31 (Reuters) - AutoNation Inc, the largest U.S. auto dealer group, said strong new vehicle sales boosted its fourth-quarter net income by 20 percent and revenue by 13 percent.

    AutoNation reported fourth quarter net income of $83.2 million, or 67 cents per share, versus $69.4 million, or 49 cents per share a year ago. Fourth-quarter revenue was $4.17 billion, up from $3.68 billion a year before.

    Excluding one-time items, AutoNation's earnings per share of 67 cents beat analysts polled by Thomson Reuters I/B/E/S expectations of 64 cents.

    For the full year 2012, AutoNation posted net income of $316.4 million, compared with $281.4 million in 2011.

    New-vehicle sales in the fourth quarter rose 19 percent to $2.48 billion.

49.68-0.97(-1.92%)4:02 PMEDT