AutoNation falls after Q3 results miss estimates

AutoNation

25/10/2024 12:44

** Auto retailer AutoNation's  AN.N  shares fall 5% to $154
premarket
    ** Company says Q3 results were impacted by residual effects
of CDK outage in July, which reduced earnings by an estimated
$0.21/shr
    ** AutoNation reports Q3 adj earnings of $4.02/shr below est
of $4.38/shr - LSEG
    ** Q3 revenue falls 4% to $6.58 bln, missing est of $6.71
bln
    ** 9 of 13 brokerages rate the stock "buy" or higher, 4
"hold"; median PT $205
    ** As of last close, stock up 9% YTD

 (Reporting by Anshuman Tripathy in Bengaluru)
 ((Anshuman.Tripathy@thomsonreuters.com))