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FORT LAUDERDALE, Fla. (AP) — FORT LAUDERDALE, Fla. (AP) — AutoNation Inc. (AN) on Tuesday reported fourth-quarter earnings of $216.2 million.
On a per-share basis, the Fort Lauderdale, Florida-based company said it had net income of $5.04. Earnings, adjusted for non-recurring gains, came to $5.02 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.85 per share.
The auto retailer posted revenue of $6.77 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $6.65 billion.
AutoNation shares have increased 2.5% since the beginning of the year, while the S&P's 500 index has increased slightly more than 5%. The stock has risen 15% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AN at https://www.zacks.com/ap/AN