AutoNation Surprises Itself. Not Good

AutoNation (AN) surprised itself. First it announced guidance on Mar 31 for the quarter ending Mar 31. Six days later it raises EPS by about three cents a share. The good news is business should be better. The bad news is management cannot tell things are better as they run the business on a day to day basis.

They say that new and used vehicle sales are still in line with original expectations. So it must be on the expense side or a special provision.

The six day differential includes the three day Easter weekend. Need to hear the whole story. Stock has jumped as profits are 10% better than expected. Concerned about management who surprised themselves.