UPDATE 1-AutoNation 1st-qtr profit dips; key markets weaken

Newswire

(Adds details, background) DETROIT, April 26 (Reuters) - Car dealership chain AutoNation Inc on Thursday said quarterly profit fell, hurt by higher interest expense and weaker demand for new vehicles in the key markets of California and Florida. The largest U.S. automotive retailer said first-quarter net income fell to $77.6 million from $87.2 million a year earlier. Earnings per share, however, rose to 37 cents a share from 33 cents a share a year earlier, boosted by a share buyback. ...

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