AUTONATION, INC.
Business
AutoNation, Inc. is one of the largest automotive retailers in the United States, operating 323 new vehicle franchises across 245 stores selling 30 vehicle brands, primarily Toyota, Honda, Ford, General Motors, BMW, Mercedes-Benz, Stellantis, and Volkswagen. The company offers new and used vehicles, parts and service (including repair, maintenance, collision, and wholesale operations), and finance and insurance products, including a captive auto finance company. Core segments are organized by vehicle category—Domestic, Import, and Premium Luxury franchises—plus the AutoNation Finance division, with additional operations including used-vehicle stores, collision centers, automotive auctions, and a mobile repair business.
Summary from 10-K filed 2026-02-12
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AUTONATION, INC.'s CIK number?
AUTONATION, INC.'s SEC CIK number is 0000350698 (350698). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AUTONATION, INC.'s SEC filings?
All of AUTONATION, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AUTONATION, INC. last report earnings?
AUTONATION, INC. (AN) most recently filed an earnings 8-K with the SEC on May 1, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-029100). This is AUTONATION, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is AUTONATION, INC.'s most recent earnings 8-K?
AUTONATION, INC.'s latest earnings 8-K (Item 2.02) was filed May 1, 2026 under accession 0001628280-26-029100. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AUTONATION, INC.'s latest earnings 8-K →
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