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Business, Stocks

“AutoNation shares hit new all-time high after reporting record quarterly earnings”

“…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…”

https://www.cnbc.com/2021/10/21/autonation-shares-hit-new-all-time-high-after-reporting-record-quarterly-earnings.html

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