FORT LAUDERDALE, Fla. (AP) __ FORT LAUDERDALE, Fla. (AP) __ AutoNation Inc. (AN) on Friday reported second-quarter earnings of $272.5 million.
On a per-share basis, the Fort Lauderdale, Florida-based company said it had profit of $6.02. Earnings, adjusted for non-recurring costs, were $6.29 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.83 per share.
The auto retailer posted revenue of $6.89 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $6.64 billion.
AutoNation shares have climbed 65% since the beginning of the year, while the S&P`s 500 index has increased 18%. The stock has climbed 45% in the last 12 months.
