AutoNation Inc., one of the biggest car dealership chains in the US, posted third-quarter profit and revenue that beat expectations on rising new car sales and growth in its aftermarket repair business.
On Friday, the company reported adjusted earnings of $5.54 a share for the period, topping the $5.47 average estimate of analysts. Revenue rose to $6.9 billion, compared with the $6.68 billion projected by Wall Street.
The auto retailer has said pent-up demand from the pandemic…
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