AutoNation Beats, EPS Up 22%
AutoNation Inc. (NYSE:AN) recorded a profit of $73.5 million or 56 cents per share in the first quarter of 2012 compared with $70.3 million or 46 cents in the corresponding quarter of last year, reflecting a 22% increase on per-share basis. The profit surpassed the Zacks Consensus Estimate by 3 cents per share. Revenues in [...]
AutoNation Inc. (NYSE:AN) recorded a profit of $73.5 million or 56 cents per share in the first quarter of 2012 compared with $70.3 million or 46 cents in the corresponding quarter of last year, reflecting a 22% increase on per-share basis. The profit surpassed the Zacks Consensus Estimate by 3 cents per share.
Revenues in the quarter rose 10.4% to $3.7 billion from $3.3 billion in the same quarter last year. The boost in sales was driven by improvement in retail new vehicle sales. Revenues were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards