UPDATE: AutoNation Posts Upbeat Q4 Earnings
AutoNation (NYSE: AN) reported upbeat fourth-quarter earnings.
AutoNation's quarterly net income surged to $109.4 million, or $0.89 per share, from $83.2 million, or $0.67 per share, in the year-earlier period. However, analysts were estimating earnings of $0.76 per share.
Its revenue came in at $4.52 billion, versus analysts' estimates of $4.59 billion.
AutoNation shares closed at $47.01 yesterday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.