AutoNation to stop forecasts, sees earnings growth

Newswire

DETROIT, Oct 28 (Reuters) - Car dealership group AutoNation Inc. said on Thursday that it will no longer provide forecasts for its quarterly or annual earnings, but expects long-term to achieve earnings per share growth of 10 to 12 percent annually. "In the future, we'll no longer provide quarterly or yearly per share guidance," and will instead emphasize the long-term outlook, AutoNation Chief Executive Mike Jackson told reporters and analysts on a conference call.

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