UPDATE 2-AutoNation profit falls on weak new vehicle sales


(Adds CEO comments and byline) By Poornima Gupta DETROIT, Oct 26 (Reuters) - Car dealership group AutoNation Inc. on Thursday posted a 37 percent drop in third-quarter net earnings on weak sales of new vehicles, particularly in California, its largest market. The largest U.S. automotive retailer said net income fell to $81.8 million, or 38 cents per share, from $129.3 million, or 48 cents per share, a year earlier. AutoNation said income from continuing operations, excluding items, ...

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