AutoNation posts 3Q profit, results top Wall Street forecasts

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FORT LAUDERDALE, Florida — AutoNation Inc. (AN) on Tuesday reported net income of $106.5 million in its third quarter.

On a per-share basis, the Fort Lauderdale, Florida-based company said it had net income of 90 cents.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.

The auto retailer posted revenue of $4.91 billion in the period, also surpassing Street forecasts. Analysts expected $4.8 billion, according to Zacks.

AutoNation shares have climbed roughly 5 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 6 percent. The stock has climbed almost 6 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. AN stock research report from Zacks.

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Keywords:AutoNation,Earnings Report

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