FORT LAUDERDALE, Fla. (AP) — FORT LAUDERDALE, Fla. (AP) — AutoNation Inc. (AN) on Thursday reported first-quarter earnings of $288.7 million.
The Fort Lauderdale, Florida-based company said it had profit of $6.07 per share. Earnings, adjusted to account for discontinued operations, came to $6.05 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.60 per share.
The auto retailer posted revenue of $6.4 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $6.68 billion.
AutoNation shares have climbed 27% since the beginning of the year, while the S&P's 500 index has risen 8%. The stock has increased 25% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a AN">Zacks stock report on AN at https://www.zacks.com/ap/AN