Why AutoNation Stock Revved Higher Today

Shares of AutoNation (NYSE: AN) stock jumped 7.7% in 10:35 a.m. EDT trading Thursday after the new-and-used-car dealer reported earnings well ahead of what Wall Street had expected.

For fiscal Q3 2021, analysts had forecast earnings of $4.20 per share on sales of $6.3 billion. Instead, the company reported earnings 22% higher than that -- $5.12 per share -- and on sales of $6.4 billion.  

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Source Fool.com