FORT LAUDERDALE, Fla. (AP) _ AutoNation Inc. (AN) on Tuesday reported fourth-quarter earnings of $151.5 million.
The Fort Lauderdale, Florida-based company said it had net income of $1.73 per share. Earnings, adjusted for non-recurring costs, were $2.43 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The auto retailer posted revenue of $5.79 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $5.61 billion.
For the year, the company reported profit of $381.6 million, or $4.30 per share. Revenue was reported as $20.39 billion.
AutoNation shares have increased 12% since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 5%. The stock has climbed 64% in the last 12 months.
