AutoNation: 3Q Earnings Snapshot

FORT LAUDERDALE, Fla. (AP) - AutoNation Inc. (AN) on Tuesday reported third-quarter net income of $99.5 million.

The Fort Lauderdale, Florida-based company said it had net income of $1.10 per share. Earnings, adjusted for one-time gains and costs, were $1.18 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.

The auto retailer posted revenue of $5.46 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $5.34 billion.

AutoNation shares have climbed 45% since the beginning of the year, while the Standard & Poor’s 500 index has increased 21%. The stock has increased 21% 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