AutoNation (AN) Beats Q1 Earnings Estimates, Boosts Buyback

AutoNation, Inc. (AN) reported first-quarter 2024 adjusted earnings of $4.49 per share, which decreased 25.7$4.45. This outperformance can be primarily attributed to higher-than-expected gross profit from the sale of new vehicles and wholesale used vehicles. In the reported quarter, revenues amounted to $6.48 billion, falling short of the Zacks Consensus Estimate of$6.49 billion but increasing from $6.39 billion in the first quarter of 2023.Key Ta ...