WASHINGTON (dpa-AFX) - AutoNation Inc. (AN) reported that its first-quarter net income was $73.0 million, or $0.55 per share, up from $69.4 million, or $0.46 per share, for the same period in the prior year.
Revenue totaled $3.7 billion, compared to $3.3 billion in the year-ago period, an increase of 10%, driven primarily by stronger retail new vehicle unit sales.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share on revenues of $3.61 billion for the quarter. Analysts' estimates typically exclude special items.
Mike Jackson, Chairman and Chief Executive Officer, said, 'AutoNation delivered record EPS from continuing operations in the first quarter of 2012, as we drove increased profitability in each of our business sectors.'
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