January 30, 2014 / 12:20 PM / 4 years ago

AutoNation handily beats Street Q4 earnings expectations

Jan 30 (Reuters) - AutoNation Inc, the largest U.S. automobile dealer group, sped by Wall Street earnings expectations on Thursday on robust sales of luxury cars like Mercedes-Benz and BMW.

AutoNation showed net income of $109.4 million, or 89 cents per share, in the fourth quarter, versus $83.2 million, or 67 cents per share a year ago. Analysts expected 76 cents per share, according to a survey by Thomson Reuters I/B/E/S.

Revenue was $4.52 billion, which missed analysts’ expectations of $4.59 billion, but beat year-ago results of $4.17 billion. AutoNation is based in Fort Lauderdale, Florida.

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