UPDATE 2-AutoNation profit up 40 percent on sales growth

Newswire

(Recasts, adds details, CEO comments and byline) By Poornima Gupta DETROIT, Oct 27 (Reuters) - Car dealership group AutoNation Inc. on Thursday posted a better-than-expected 40 percent rise in earnings, boosted by growth in revenue and improved profitability across all its business lines. The largest U.S. automotive retailer said third-quarter 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 ...

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