AutoNation reports ‘best quarter ever’ as Covid convinces people to buy their own cars, CEO says

AutoNation reports ‘best quarter ever’ as Covid convinces people to buy their own cars, CEO says

AutoNation CEO Mike Jackson told CNBC the coronavirus pandemic has significantly shifted American attitudes toward personal vehicles, leading to the company's blowout earnings report Wednesday."Coming out of the lockdowns, they said, 'So much for sharing everything. I'd really like to have my own space that I define,'" Jackson said on "Squawk Box."The country's largest auto dealership chain posted third-quarter revenues of $5.4 billion, eclipsing Wall Street forecasts of $5.19 billion. The company's adjusted earnings per-share of $2.38 was an all-time record and topped expectations of $1.65."It's our absolute best quarter ever," Jackson said. "The demand for individual mobility has gone through the roof, and I think this pandemic/shelter in place has shifted the American psyche in a long-term way, and it's hard to predict past five years, but for the