AutoNation earnings beat Wall Street estimates on strong sales

Newswire

Jan 31 (Reuters) - AutoNation Inc, the largest U.S. auto dealer group, said strong new vehicle sales boosted its fourth-quarter net income by 20 percent and revenue by 13 percent. AutoNation reported fourth quarter net income of $83.2 million, or 67 cents per share, versus $69.4 million, or 49 cents per share a year ago. Fourth-quarter revenue was $4.17 billion, up from $3.68 billion a year before. Excluding one-time items, AutoNation's earnings per share of 67 ...

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