AutoNation: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
AutoNation (NYSE:AN) reported Q3 earnings, beating estimates by 21.9% and increasing revenue by $975 million compared to last year. This follows a trend of surpassing EPS estimates, which previously led to a 7.36% share price increase.
October 21, 2021 | 3:13 pm
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AutoNation reported a significant earnings beat for Q3, surpassing estimates by 21.9% and increasing revenue by $975 million year-over-year. Historically, such earnings surprises have led to positive stock price movements.
AutoNation's earnings beat and revenue increase are likely to positively impact its stock price in the short term. The company has a history of stock price increases following earnings surprises, as seen in the previous quarter's 7.36% rise.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100