AutoNation tops 4Q profit and revenue expectations

MarketsAssociated Press

AutoNation Inc. (AN) on Tuesday reported fourth-quarter profit of $116.7 million.

The Fort Lauderdale, Florida-based company said it had net income of $1.02 per share.

Continue Reading Below

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The auto retailer posted revenue of $5.05 billion in the period, also beating Street forecasts. Analysts expected $4.9 billion, according to Zacks.

For the year, the company reported profit of $418.7 million, or $3.52 per share. Revenue was reported as $19.11 billion.

AutoNation shares have dropped almost 2 percent since the beginning of the year, while the Standard & Poor's 500 index has fallen roughly 2 percent. The stock has climbed 20 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AN at http://www.zacks.com/ap/AN

_____

Keywords: AutoNation, Earnings Report