Perpetual Ltd boosts AutoNation stake as the auto retailer reports strong earnings, beating forecasts.

Perpetual Ltd increased its stake in AutoNation, Inc. by 20.1%, now owning 4,427 shares valued at $717,000. AutoNation reported a strong quarter with earnings per share of $4.68, surpassing analyst expectations. The company has a "Moderate Buy" rating with an average price target of $205.75, and analysts expect $18.15 in earnings per share for the year.