AutoNation (AN) Q4 Earnings Beat Expectations, Decline Y/Y

AutoNation, Inc. (AN) reported fourth-quarter 2023 adjusted earnings of $5.02 per share, which decreased 21.2$4.85. This outperformance can be primarily attributed to higher-than-expected new vehicle and parts and service business revenues. In the reported quarter, revenues amounted to $6.8 billion, surpassing the Zacks Consensus Estimate of$6.65 billion. The company had recorded revenues of $6.7 billion in the fourth quarter of 2022. Revenues acr ...