AutoNation: Q3 Earnings Snapshot

Associated Press Finance
1 min read
0
In this article:

FORT LAUDERDALE, Fla. (AP) — FORT LAUDERDALE, Fla. (AP) — AutoNation Inc. (AN) on Friday reported third-quarter net income of $243.7 million.

The Fort Lauderdale, Florida-based company said it had profit of $5.54 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.42 per share.

The auto retailer posted revenue of $6.89 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $6.69 billion.

AutoNation shares have increased 22% since the beginning of the year, while the S&P's 500 index has climbed nearly 8%. The stock has risen 27% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AN at https://www.zacks.com/ap/AN

Advertisement

Recommended Stories