AutoNation (AN) Tops Q1 EPS by 6c

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AutoNation Reports First Quarter 2017 Results

April 25, 2017 7:29 AM EDT

FORT LAUDERDALE, Fla., April 25, 2017 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's largest automotive retailer, today reported first quarter 2017 net income from continuing operations of $98 million, or $0.97 per share. First quarter 2016 net income from continuing operations totaled $96 million, or $0.90 per share.

First quarter 2017 revenue of $5.1 billion, and gross profit of $820 million were relatively flat compared to the year-ago period.

Mike Jackson, Chairman and Chief Executive Officer, said, "During the first quarter, we saw increasing used unit volumes as we focused on our One Price strategy, which... More