FORT LAUDERDALE, Florida — AutoNation Inc. (AN) on Wednesday reported third-quarter profit of $118.5 million.
The Fort Lauderdale, Florida-based company said it had profit of $1.04 per share. Earnings, adjusted to account for discontinued operations, came to $1.05 per share.
The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of $1.05 per share.
The auto retailer posted revenue of $5.35 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $5.37 billion.
AutoNation shares have increased 1 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has increased 17 percent in the last 12 months.
Keywords: AutoNation, Earnings Report