AutoNation Tops Profit, Revenue Estimates

AutoNation Inc. said it had net income of $116.7 million, or $1.02 a share, in the fourth quarter, up from $109.4 million, or 89 cents a share, in the year-earlier period. Adjusted per-share earnings was also $1.02 a share, beating the FactSet consensus of 91 cents. Revenue came to $5.048 billion, up from $4.524 billion, and ahead of the FactSet consensus of $4.905 billion. The largest U.S. car dealer said revenue growth was driven by stronger performance in all divisions, including new vehicles, used vehicles, parts and service and finance and insurance. Shares were not yet active in premarket trade, but are up 5.2% in the past three months, while the S&P 500 is up 0.2%.