AutoNation: Q2 Earnings Snapshot
Posted July 19, 2021 7:12 am.
Last Updated July 19, 2021 7:24 am.
FORT LAUDERDALE, Fla. (AP) _ AutoNation Inc. (AN) on Monday reported second-quarter earnings of $384.8 million.
The Fort Lauderdale, Florida-based company said it had profit of $4.83 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.85 per share.
The auto retailer posted revenue of $6.98 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $5.94 billion.
AutoNation shares have climbed 47% since the beginning of the year, while the S&P’s 500 index has increased 15%. The stock has more than doubled 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
The Associated Press
