AutoNation (AN) Tops Q1 EPS by 3c

AutoNation (NYSE: AN) reported Q1 EPS of $0.96, ex-items, $0.03 better than the analyst estimate of $0.93. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $5.29 billion.

Mike Jackson, Chairman, Chief Executive Officer and President, said, "As we stated last quarter, the market is in a plateau environment. Industry retail sales for the quarter were flat despite year over year manufacturer incentive increases of 14%, new vehicle sales lease penetration over 30%, and high retail inventories. We still believe the industry will be above 17 million units for the year."

For earnings history and earnings-related data on AutoNation (AN) click here.

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