UPDATE 2-AutoNation raises outlook after qtrly earns rise


(Recasts first sentence, adds CEO comments and share movement, other details, byline) By Justin Hyde DETROIT, July 24 (Reuters) - AutoNation Inc. , the nation's largest new and used vehicle dealer, said on Thursday second-quarter profit rose slightly thanks to cost cuts, and it raised its outlook for the year despite worries about the economy. "It remains a very difficult and challenging environment out there," AutoNation Chairman and Chief Executive Officer Mike Jackson told Reuters. ...

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