AutoNation Reports Q4 EPS of $.36 vs. $.35

AutoNation, Inc. AN today reported fourth quarter 2010 net income from continuing operations of $68 million, or $0.45 per share, an improvement of 55% (on a per share basis) compared to adjusted net income from continuing operations of $50 million, or $0.29 per share, for the same period in the prior year. A Adjusted net income from continuing operations for the fourth quarter of 2009 excludes a benefit from a tax adjustment of $13 million, or $0.07 per share. On a GAAP basis, fourth quarter 2009 net income from continuing operations was $63 million, or $0.36 per share. There were no adjusting items for the fourth quarter of 2010.