AutoNation Misses, Lithia Beats On Q2 Earnings

Car dealership stocks reported mixed results on Wednesday as AutoNation (AN) fell short of second-quarter earnings views while Lithia Motors (LAD) cruised past estimates, a day after the entire sector saw a big dip in stock prices despite a strong earnings report from Asbury Automotive Group (ABG). Reporting before Wednesday's open, AutoNation posted second-quarter earnings of $1 a share, up 20% from the prior year but below the $1.02 expected

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