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AutoNation Inc. (AN) Surged To A New High After Q3 Profit Topped Expectations

AutoNation Inc. (AN) reported third quarter EPS of $1.00 Thursday morning, compared to $1.05 in the prior year period. The consensus estimate was for EPS of $0.84.

AutoNation gapped open higher Thursday and rose sharply in early trade, before settling into a range. The stock closed up by 7.05 at $54.65 on above average volume. AutoNation broke out past resistance and set a new high for the year.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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