AutoNation (AN) Stock Falls 7.4% Since Q2 Earnings Miss

Shares of AutoNation, Inc. (AN) fell 7.4% since the company reported second-quarter 2024 results. It reported adjusted earnings of $3.99 per share, which decreased 37$4.31. In the second quarter, revenues amounted to $6.48 billion, which missed the Zacks Consensus Estimate of$6.76 billion and declined from $6.89 billion reported in the second quarter of 2023.Key TakeawaysIn the reported quarter, new vehicle revenues were down 4.8% year over year t ...