AutoNation AN reported a 14% rise in its second-quarter earnings.
AutoNation's revenue from new vehicles climbed 14% to $2.49 billion, while sales of used-vehicle rose 12% to $1.06 billion.
AutoNation's quarterly profit surged to $89.9 million, or $0.73 per share, from $78.6 million, or $0.64 per share, in the year-ago period.
Its revenue climbed 13% to $4.43 billion. However, analysts were expecting earnings of $0.73 per share on revenue of $4.33 billion.
AutoNation's gross margin shrank to 15.7% from 16.1%.
AutoNation shares closed at $45.47 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in