AutoNation Inc. Q1 Profit Increases, beats estimates

AutoNation Inc. (AN) revealed earnings for its first quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $362.1 million, or $5.78 per share. This compares with $239.4 million, or $2.85 per share, in last year's first quarter.

Excluding items, AutoNation Inc. reported adjusted earnings of $362.1 million or $5.78 per share for the period.

Analysts on average had expected the company to earn $5.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.4% to $6.75 billion from $5.90 billion last year.

AutoNation Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $362.1 Mln. vs. $239.4 Mln. last year.
-EPS (Q1): $5.78 vs. $2.85 last year.
-Analyst Estimate: $5.25
-Revenue (Q1): $6.75 Bln vs. $5.90 Bln last year.

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