NEW YORK (TheStreet) -- Shares of AutoNation Inc. (AN) - Get AutoNation, Inc. Report are higher by 5.72% to $54.97 in mid-morning trading on Tuesday, after the company reported an increase in net income from continuing operations for the 2014 third quarter to $107 million, or 90 cents per share, compared to $93 million, or 75 cents per share for the year ago period.
"AutoNation delivered its 16th consecutive quarter of double-digit year-over-year growth in EPS. This quarter we set another record for the highest ever quarterly EPS from continuing operations," said company CEO Mike Jackson.
The U.S. automotive retailer posted total revenue for the most recent quarter of $4.9 billion versus $4.5 billion for the 2013 third quarter.
Analysts polled by Thomson Reuters were expecting earnings of 86 cents per share on revenue of $4.80 billion for the latest quarter.
Separately, TheStreet Ratings team rates AUTONATION INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate AUTONATION INC (AN) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, growth in earnings per share, increase in net income and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
You can view the full analysis from the report here: AN Ratings Report