FORT LAUDERDALE, Florida — AutoNation Inc. (AN) on Wednesday reported first-quarter profit of $111.5 million.
On a per-share basis, the Fort Lauderdale, Florida-based company said it had net income of 97 cents.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.
The auto retailer posted revenue of $4.94 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $4.78 billion.
AutoNation shares have climbed slightly more than 7 percent since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 2 percent. The stock has climbed 19 percent in the last 12 months.
Keywords: AutoNation, Earnings Report
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