AutoNation’s stock surged 8% after the company reported better-than-expected earnings in the first quarter of 2021. The largest U.S. auto retailer posted revenue of $5.9 billion, up 27% from the same period last year. This growth was driven by strong demand for new and used vehicles amid the ongoing chip shortage impacting the industry. CEO Mike Jackson attributed the company’s success to its strategic focus on digital retailing and customer experience.

Read more at Yahoo Finance: Here’s What Attributed Autonation’s (AN) Surge