UPDATE 2-AutoNation Profit Rises as Mercedes Sales Jump

Newswire

* Shares rise as much as 6.4 percent * Jackson warns of high inventories * Analyst says slow January sales will pressure auto dealer groups By Bernie Woodall Jan 30 (Reuters) - AutoNation Inc, the largest U.S. automobile dealer group, sped by Wall Street's quarterly earnings expectations on robust sales of luxury cars like Mercedes-Benz and BMW, and its shares rose as high as 6.4 percent. AutoNation said on Thursday that its fourth-quarter income from what it calls new premium-luxury ...

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