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AutoNation (AN) Stock Advances Despite Q1 Earnings Miss

NEW YORK (TheStreet) -- AutoNation (AN - Get Report) stock is gaining by 3.27% to $49.62 in late-afternoon trading on Friday, despite reporting weaker-than-expected 2016 first quarter financial results.

Before the market open, the largest U.S. car dealership reported earnings from continuing operations of 90 cents per share, falling short of analysts' estimates for 93 cents per share.

The earnings included a 3-cent charge related to extensive hail damage to cars and a 3-cent stock-based compensation expense.

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