“AutoNation shares hit new all-time high after reporting record quarterly earnings”
October 21, 2021
“…Shares of the Florida-based dealership group jumped by as much as 12% Thursday morning before retreating to about $124 a share, up by about 6%. AutoNation’s stock is up by nearly 70% so far this year.
The company reported adjusted earnings per share of $5.12 in the third quarter – an all-time record – beating analysts’ estimates of $4.20 a share, according to Refinitiv. AutoNation’s revenue for the quarter jumped by18% to $6.38 billion compared with estimates of $6.31 billion. AutoNation reported net income of $361.7 million, almost double the $182.6 million in profit it generated a year earlier…”