AutoNation Expects 10 to 12 Percent Earnings Growth
DETROIT--AutoNation Inc. anticipates its earnings per share to grow by 10 to 12 percent each year for the next several years, according to a Reuters report. AutoNation's chief executive officer Mike Jackson said today that acquisitions and the repurchase of its own stock would drive the company's growth.
DETROIT--AutoNation Inc. anticipates its earnings per share to grow by 10 to 12 percent each year for the next several years, according to a Reuters report. AutoNation's chief executive officer Mike Jackson said today that acquisitions and the repurchase of its own stock would drive the company's growth.
"Forward looking, over the next several years, we believe we can achieve 10 to 12 percent EPS (earnings per share) growth, which would be a combination of organic acquisition and share repurchase," said Jackson.
AutoNation enjoyed earnings-per-share growth of 15 percent each year for the past four years, according to Jackson.
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