FORT LAUDERDALE, Fla. (AP) — FORT LAUDERDALE, Fla. (AP) — AutoNation Inc. (AN) on Thursday reported third-quarter profit of $215.1 million.
The Fort Lauderdale, Florida-based company said it had profit of $5.65 per share. Earnings, adjusted for non-recurring gains, came to $5.01 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.85 per share.
The auto retailer posted revenue of $7.04 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $6.86 billion.
AutoNation shares have increased 27% since the beginning of the year, while the S&P’s 500 index has increased 14%. The stock has climbed 34% in the last 12 months.
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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