AutoNation meets 3Q net income expectations, misses revenue forecasts

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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.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AN at


Keywords: AutoNation, Earnings Report

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