Shares of automotive retailer AutoNation, Inc. (AN) are rising more than 11% in the morning trade on Thursday following better-than-expected third quarter results.
Third quarter 2021 net income from continuing operations was $361.7 million, or $5.12 per share compared with $182.6 million, or $2.05 per share in the same quarter a year ago. On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $4.2 per share for the quarter.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.