Your Source for Up-To-Date News and Research on the Collision Repair Industry 

 

click here to subscribe to the FREE INSIGHT Editor's Desk News Alert Email

SUBSCRIBERS-ONLY
Today's News
INSIGHT This Month
INSIGHT Archives
Survey Center
Letter to the Editor

Business Tools
Subscription Information
CSI Reporting
Financial Analysis
IRS Audit Guide

Management/
Technical Info
Market Watch Rates
INSIGHT Inside this month's issue...

Feedback
Letter to the Editor

AutoNation Posts 53% Increase in Q1 Earnings

AutoNation Inc. reported that first-quarter earnings increased 53 percent from a year earlier, attributed mainly to stronger-than-expected consumer demand, as well as to better productivity, investment in high-margin businesses and the elimination of goodwill amortization.

AutoNation, the nation's largest retailer of autos, reported first-quarter earnings of $91.7 million, or 28 cents a share, compared with $59.9 million, or 17 cents a share in the year-earlier period.

AutoNation Chief Executive Michael Jackson said the company is benefiting from productivity and efficiency gains, as well as higher-margin businesses such as finance and insurance.

©2002 Collision Repair Industry INSIGHT
All Rights Reserved

FEATURED
LINKS:

INSIGHT Supports the NABC!
Do You?