AutoNation Inc. stock AN, -2.5% increased 2% on Friday in premarket trading after the retailer of new and used cars reported better-than expected second-quarter earnings. AutoNation, based in Fort Lauderdale, Fla., reported a net income of $272.5 millions, or $5.02 per share, for the second quarter. This is down from $376.3million, or $6.48 per share, during the same period last year. The adjusted earnings per share came in at $6.29. This was comfortably above the FactSet consensus of $5.91. Revenue increased to $6.890 from $6.869 a year earlier, and also surpassed the $6.779 billion FactSet’s consensus. The company stated that consumer demand for owning a personal vehicle remains strong. The stock is up 65% year-to-date, while S&P 500 SPX, -10.68% is up 18%.