AutoNation CEO Mike Jackson on Q4 earnings beat, outlook

AutoNation posted its fourth-quarter results Tuesday, beating estimates by 42 cents a share, with quarterly profit of $2.43 per share. Revenue also came in above estimates as demand remains high amid tight inventories. The auto retailer also announced the addition of $1 billion to its share repurchase program, and its shares are up 1.9% in premarket trading. AutoNation CEO Mike Jackson joined "Squawk Box" on Tuesday to discuss.