UPDATE 1-AutoNation quarterly profit up 40 percent

Newswire

(Adds details) DETROIT, Oct 27 (Reuters) - Car dealership group AutoNation Inc. on Thursday posted a better-than-expected 40 percent rise in third-quarter profit, boosted by strong growth in revenue and gross profit in all its business units. The largest U.S. automotive retailer said net income rose to $129.3 million, or 48 cents per share, from $92.4 million, or 34 cents per share, a year earlier. AutoNation said income from continuing operations was 45 cents a share, which includes a ...

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