January 31, 2013 at 16:21 PM EST
AutoNation Shares Motor Higher On Strong Q4 Car Sales
Shares of AutoNation (AN) drove up 8% after it reported a better-than-expected profit fueled by strong demand for new car sales. The earnings beat comes amid a resurgence in auto sales as consumers replace aging clunkers, estimated last year to average more than 10 years old. The nation's largest new car dealer chain also said it will rebrand 210 of its stores nationally to include the name AutoNation. This will boost brand recognition and allow
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