AutoNation revenue and profit beats estimates despite drop in used car unit sales By Investing.com

Investing.com — AutoNation (NYSE:AN), one of the largest car dealership chains in the U.S., has reported better-than-expected adjusted income per share and revenue for the second quarter, thanks to strong demand for new vehicles that helped counterbalance a decline in sales of used cars.

Demand for used vehicles spiked during the pandemic but has since…