AUTONATION, INC. Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | |||||||||||||||
Net income from continuing operations | $ | 649.1 | $ | 692.2 | $ | 1,020.2 | |||||||||||
Income from discontinued operations, net of income taxes | — | — | 0.9 | ||||||||||||||
Net income | $ | 649.1 | $ | 692.2 | $ | 1,021.1 | |||||||||||
| Basic weighted average common shares outstanding | 37.6 | 40.5 | 44.6 | ||||||||||||||
Effect of dilutive unvested RSUs | 0.5 | 0.4 | 0.3 | ||||||||||||||
| Diluted weighted average common shares outstanding | 38.1 | 40.9 | 44.9 | ||||||||||||||
Basic EPS amounts(1): | |||||||||||||||||
Continuing operations | $ | 17.26 | $ | 17.09 | $ | 22.87 | |||||||||||
Discontinued operations | $ | — | $ | — | $ | 0.02 | |||||||||||
Net income | $ | 17.26 | $ | 17.09 | $ | 22.89 | |||||||||||
Diluted EPS amounts(1): | |||||||||||||||||
Continuing operations | $ | 17.04 | $ | 16.92 | $ | 22.72 | |||||||||||
Discontinued operations | $ | — | $ | — | $ | 0.02 | |||||||||||
Net income | $ | 17.04 | $ | 16.92 | $ | 22.74 | |||||||||||
(1) EPS amounts are calculated discretely and, therefore, may not add up to the total due to rounding. | |||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 17, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.