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AutoNation Delivers Record Q1 Profit As Car Prices And Digital Sales Surge

The country’s largest auto retailer said Tuesday (April 20) that rising new and used vehicle prices as well as its lucrative parts and service and financing businesses combined to deliver AutoNation’s most profitable quarter ever — the fourth time in a row that it has set a new record. For the three months ending March 31, the Fort Lauderdale-based operator of over 315 automotive retail locations said it earned $240 million on...