- Acquisition of Mercedes-Benz of Bellevue, Barrier Audi, Barrier Porsche and Barrier Volvo enhances AutoNation premium luxury offerings in Seattle-Bellevue
- Barrier annual revenue is approximately $355 million FORT LAUDERDALE, Fla.
Third Quarter Reported Retail New Vehicle Unit Sales of 84,225, up 10% over Third Quarter 2013 - Reported retail new vehicle unit sales in September 2014 were 24,081, best September since 2007(1)
FORT LAUDERDALE, Fla.
By Ben Eisen and Sue Chang, MarketWatch
NEW YORK (MarketWatch) -- Here are the stocks that are moving in Tuesday's premarket trade:
Twitter(TWTR) shares sank 13% premarket on concerns over slowing growth after reporting its latest results.
AutoNation's stock (AN) rallied 5.8% in premarket trade Tuesday, putting it on course to open at a two-month high, after the auto retailer reported third-quarter profit and sales the rose above expectations.
- EPS from continuing operations an all-time record $0.90, up 20% compared to the year-ago period - Total revenue of $4.9 billion, up 10% compared to the year-ago period, increasing across all major business sectors; operating income of $207 million, an increase of 11% compared to the year-ago period
- Total retail new and used vehicle unit sales are up 8% compared to the year-ago period - AutoNation completed acquisition of Mercedes-Benz, Audi, Porsche, and Volvo stores in Seattle-Bellevue, Washington and today announced the award of a new Porsche franchise in Orange County, California - In 2014, AutoNation has repurchased 8% of its outstanding shares; AutoNation today announced that the Board of Directors increased share repurchase authorization by $250 million FORT LAUDERDALE, Fla.
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