New book by Larry Connors Click here Improve your trading - See how
This was an improvement over a net loss of USD1.41bn or USD7.90 per share for the third quarter of 2008.
AutoNation said that it had delivered solid profitability driven by margin recovery, cost reduction; lower interest expenses a disciplined operating model and inventory management.
Revenues for the quarter totalled USD2.9bn, as compared with USD3.4bn in the third quarter of 2008. This decrease in revenues was reportedly driven primarily by lower vehicle sales, in an environment where industry new vehicle sales remain at depression levels.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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