AUTONATION, INC.

Listed Company

ANCIK 0000350698NYSELarge AcceleratedRetail-Auto Dealers & Gasoline StationsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$27.63B

Net Income

$649.10M

Total Assets

$14.39B

Equity

$2.34B

Shares Out

34.71M

Op. Cash Flow

$111.90M

Business

AutoNation, Inc. operates as a large national automotive retailer and provider of personalized transportation services through its subsidiaries. The company sells new and used vehicles and offers parts and service, collision repair, mobile maintenance, wholesale parts distribution, auction services, and automotive finance and insurance products, including captive indirect financing. Its operations are organized into four reportable segments: Domestic, Import, Premium Luxury, and AutoNation Finance. AutoNation distributes products and services across the United States, primarily in major metropolitan Sunbelt markets, via franchised dealerships, AutoNation USA used stores, collision centers, e-commerce and digital channels, mobile service, and auctions.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
TOTAL REVENUE	27,631	26,765	26,949	26,985	25,844
TOTAL COST OF SALES	22,683	21,980	21,817	21,720	20,891
TOTAL GROSS PROFIT	4,949	4,785	5,132	5,265	4,953
AutoNation finance income (loss)	10	−9	−14	−38	—
Selling, general, and administrative expenses	3,362	3,264	3,253	3,026	2,876
Depreciation and amortization	251	241	221	200	193
Goodwill impairment	65	0	0	0	0
Franchise rights impairment	94	13	0	0	0
Other income, net	−54	−47	−8	−23	−20
OPERATING INCOME	1,240	1,306	1,652	2,025	1,903
Floorplan interest expense	−189	−219	−145	−41	−26
Other interest expense	−180	−180	−181	−135	−93
Other income, net	13	10	24	−15	24
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	885	917	1,350	1,834	1,808
Income tax provision	235	225	330	456	435
NET INCOME FROM CONTINUING OPERATIONS	649	692	1,020	1,378	1,373
Income from discontinued operations, net of income taxes	0	0	900,000	−300,000	−300,000
NET INCOME	649	692	1,021	1,377	1,373
Continuing operations (in dollars per share)	17.26	17.09	22.87	24.47	18.51
Discontinued operations (in dollars per share)	0	0	0.02	−0.01	0
Net income (in dollars per share)	17.26	17.09	22.89	24.47	18.5
Weighted average common shares outstanding, basic (in shares)	38	41	45	56	74
Continuing operations (in dollars per share)	17.04	16.92	22.72	24.3	18.31
Discontinued operations (in dollars per share)	0	0	0.02	−0.01	0
Net income (in dollars per share)	17.04	16.92	22.74	24.29	18.31
Weighted average common shares outstanding (in shares)	38	41	45	57	75

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	59	60	61	73	60
Receivables, net of allowance for credit losses of $3.3 million and $3.3 million, respectively	948	1,066	1,040	859	730
Inventory	3,405	3,360	3,033	2,048	1,848
Other current assets	236	212	172	158	173
Total Current Assets	4,648	4,698	4,307	3,138	2,812
AUTO LOANS RECEIVABLE, net of allowance for credit losses of $95.4 million and $54.8 million, respectively	2,140	1,057	402	303	0
PROPERTY AND EQUIPMENT, NET	3,956	3,792	3,792	3,607	3,420
OPERATING LEASE ASSETS	456	391	392	324	284
GOODWILL	1,409	1,453	1,466	1,320	1,235
OTHER INTANGIBLE ASSETS, NET	1,029	906	928	837	744
OTHER ASSETS	754	705	693	531	450
Total Assets	14,392	13,002	11,980	10,060	8,944
Vehicle floorplan payable	3,828	3,710	3,382	2,109	1,458
Accounts payable	370	377	345	328	396
Commercial paper	200	630	440	50	340
Current maturities of long-term debt	75	519	462	13	12
Current portion of non-recourse debt	64	28	9	11	0
Other current liabilities	1,004	1,049	944	658	574
Total Current Liabilities	5,541	6,312	5,583	3,406	3,060
LONG-TERM DEBT, NET OF CURRENT MATURITIES	3,705	2,614	3,128	3,587	2,846
NON-RECOURSE DEBT, NET OF CURRENT PORTION	1,881	798	250	313	0
NONCURRENT OPERATING LEASE LIABILITIES	432	357	363	297	260
DEFERRED INCOME TAXES	94	83	85	77	78
OTHER LIABILITIES	399	381	360	333	322
COMMITMENTS AND CONTINGENCIES (Note 20)	—	—	—	—	—
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 63,562,149 shares issued at December 31, 2025, and 63,562,149 shares issued at December 31, 2024, including shares held in treasury	600,000	600,000	600,000	600,000	800,000
Additional paid-in capital	32	20	22	3	3
Retained earnings	5,976	5,332	4,643	3,664	4,640
Treasury stock, at cost; 28,362,366 and 24,527,869 shares held, respectively	−3,668	−2,895	−2,455	−1,620	—
Total Shareholders Equity	2,341	2,457	2,211	2,048	2,377
Total Liabilities and Shareholders Equity	14,392	13,002	11,980	10,060	8,944

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of debt issuance costs and accretion of debt discounts	9	9	10	7	5
Stock-based compensation expense	47	37	40	32	35
Provision for credit losses on auto loans receivable	81	55	46	44	0
Deferred income tax provision (benefit)	11	−1	20	1	−17
Net gain related to business/property dispositions	−8	−55	−9	−16	−18
Other impairment charges	38	9	5	2	3
Loss (gain) on equity investments	8	7	−5	−3	−11
Gain on corporate-owned life insurance asset	−19	−15	−16	19	−13
Gain on sale of auto loans receivable	0	−7	−8	0	0
Other	−2	3	1	0	3
Receivables	114	−26	−178	−129	115
Auto loans receivable, net	−1,182	−877	−230	0	0
Inventory	14	−399	−950	−176	800
Other assets	45	32	−84	−58	92
Vehicle floorplan payable - trade	6	486	813	461	−1,060
Accounts payable	−10	35	8	−69	57
Other liabilities	−99	77	22	−24	73
Net cash provided by continuing operations	112	315	724	1,668	1,628
Net cash used in discontinued operations	0	0	−300,000	−300,000	−300,000
Net cash provided by operating activities	112	315	724	1,668	1,628
Purchases of property and equipment	−309	−329	−410	−329	−216
Proceeds from the disposal of assets held for sale	44	4	8	23	37
Cash used in business acquisitions, net of cash acquired	−459	0	−271	−192	−433
Cash received from business divestitures, net of cash relinquished	16	156	23	55	49
Originations of auto loans receivable acquired through third-party dealers	0	0	−111	−56	0
Collections on auto loans receivable acquired through third-party dealers	18	79	135	36	0
Proceeds from the sale of auto loans receivable	0	96	69	0	0
Other	4	6	−12	6	−2
Net cash provided by (used in) continuing operations	−687	12	−570	−479	−460
Net cash used in discontinued operations	0	0	0	0	0
Net cash provided by (used in) investing activities	−687	12	−570	−479	−460
Repurchases of common stock	−792	−460	−874	−1,700	−2,318
Net proceeds from (payments of) commercial paper	−430	190	390	−290	340
Proceeds from non-recourse debt	2,537	1,513	324	41	0
Payments of non-recourse debt	−1,416	−947	−393	−36	0
Payment of debt issuance costs	−16	−2	−7	−7	−8
Net proceeds from (payments of) vehicle floorplan payable - non-trade	61	−114	425	179	−264
Payments of other debt obligations	−17	−13	−13	−12	−11
Proceeds from the exercise of stock options	700,000	500,000	2	3	55
Payments of tax withholdings for stock-based awards	−20	−19	−27	−31	−18
Net cash provided by (used in) continuing operations	558	−301	−173	−1,154	−1,677
Net cash used in discontinued operations	0	0	0	0	0
Net cash provided by (used in) financing activities	558	−301	−173	−1,154	−1,677
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	−18	26	−18	35	−509

Filings

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