UPDATE 1-AutoNation posts profit on cost-cutting, Clunkers


* Q3 EPS from continuing ops $0.36 vs estimate of $0.35 * Revenue down 15 pct to $2.9 billion in quarter * Cost-cutting, "Cash for Clunkers" boosted results DETROIT, Oct 29 (Reuters) - AutoNation Inc , the largest U.S. auto retailer, on Thursday posted a quarterly profit on cost-cutting and the U.S. government's "Cash for Clunkers" program and said it would target dealership acquisitions as the market recovers. The company, which has been slashing costs to ride out the slump in ...

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