AutoNation profit rises as consumers keep buying

Newswire

FORT LAUDERDALE, Fla., July 25 (Reuters) - AutoNation Inc. , the nation's largest dealer of new and used cars and trucks, said on Thursday its quarterly earnings climbed on steady consumer demand for vehicles. Net income rose to $103.8 million, or 32 cents a share, in the second quarter from $86.3 million, or 26 cents a share, in the same period a year ago. Revenue rose to $5.02 billion from $4.95 billion. Analysts on average had expected a profit of 30 cents per share, within in a range ...

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