FORT LAUDERDALE, Fla. (AP) _ AutoNation Inc. (AN) on Wednesday reported second-quarter net income of $115.1 million.
The Fort Lauderdale, Florida-based company said it had profit of $1 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The auto retailer posted revenue of $5.22 billion in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $5.2 billion.
AutoNation shares have risen 7 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed almost 3 percent. The stock has climbed 15 percent in the last 12 months.