FORT LAUDERDALE, Fla. (AP) — FORT LAUDERDALE, Fla. (AP) — AutoNation Inc. (AN) on Friday reported first-quarter net income of $190.1 million.
The Fort Lauderdale, Florida-based company said it had profit of $4.49 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.45 per share.
The auto retailer posted revenue of $6.49 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $6.5 billion.
AutoNation shares have increased nearly 7% since the beginning of the year, while the S&P’s 500 index has increased nearly 6%. The stock has climbed 24% 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
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