U.S. auto retailer AutoNation beats profit estimates on surging car prices

AutoNation Inc (AN.N) on Thursday reported a better-than-expected quarterly profit and unveiled an additional $1-billion share buyback program, as the largest U.S. auto retailer benefited from surging car prices on tight inventories. Consumer preference for personal transportation since the pandemic outbreak and a global chip shortage that has led to auto production cuts across the […]

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