DETROIT, April 28 (Reuters) - Car dealership group AutoNation Inc. posted flat earnings on Thursday due to the repurchase of debt and cost-cutting initiatives which offset weaker new car sales.
AutoNation, the largest U.S. automotive retailer, said its earnings from continuing operations totaled $88.3 million, or 33 cents per share, versus $88.5 million, or 32 cents per share, a year earlier.