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AutoNation: 2Q Earnings Snapshot

July 22, 2019

FORT LAUDERDALE, Fla. (AP) _ AutoNation Inc. (AN) on Monday reported second-quarter earnings of $100.8 million.

On a per-share basis, the Fort Lauderdale, Florida-based company said it had net income of $1.12. Earnings, adjusted for asset impairment costs and to account for discontinued operations, came to $1.20 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The auto retailer posted revenue of $5.34 billion in the period, also exceeding Street forecasts. Twelve analysts surveyed by Zacks expected $5.33 billion.

AutoNation shares have increased 18% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 19%. In the final minutes of trading on Monday, shares hit $41.95, a fall of 14% 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

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