AutoNation Board Authorizes Additional $1 Billion for Share Repurchase

Rhea-AI Summary

AutoNation (NYSE: AN) announced its Board authorized an additional $1.0 billion for share repurchases on October 31, 2025.

Year-to-date through October 30, 2025, AutoNation repurchased 3.0 million shares for $576 million (average $189/share). As of October 30, 2025 the company reports approximately 36 million shares outstanding and an 8% reduction in shares outstanding since December 31, 2024. Total Board buyback authorization remaining is approximately $1.28 billion.

Positive

• $1.0B additional share repurchase authorization
• Repurchased 3.0M shares for $576M YTD through Oct 30, 2025
• Shares outstanding reduced by 8% since Dec 31, 2024

Negative

• None.

Insights

Capital Allocation Strategist

AutoNation authorizes an additional $1 billion buyback; this materially increases shareholder-return capacity.

AutoNation increased its repurchase authorization by $1 billion, leaving approximately $1.28 billion of Board authorization remaining as of October 30, 2025. Year-to-date through October 30, 2025, the company repurchased 3.0 million shares for an aggregate $576 million at about $189 per share and reports roughly 36 million shares outstanding.

The action tightens supply of outstanding shares and signals management confidence in cash generation and capital allocation. Key dependencies include the pace of future repurchases, ongoing cash flow generation, and any competing uses of capital. Watch repurchase cadence, remaining authorization burn rate, and quarterly cash-flow disclosures over the next 12 months to gauge actual impact on share count and per-share metrics.

FORT LAUDERDALE, Fla., Oct. 31, 2025 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), one of the largest automotive retailers in the United States, today announced that its Board of Directors has authorized the repurchase of up to an additional $1 billion of AutoNation's common stock.

"Our strong performance and consistent cash flow generation continue to support strategic investments in growth and shareholder returns," said Mike Manley, Chief Executive Officer of AutoNation. "This additional $1 billion share repurchase authorization reflects our continued confidence in AutoNation's performance and long-term strategy."

Year-to-date through October 30, 2025, AutoNation repurchased 3.0 million shares for an aggregate purchase price of $576 million or $189 per share. With the increased authorization, AutoNation has approximately $1.28 billion total Board authorization remaining for share repurchases as of October 30, 2025. AutoNation has approximately 36 million shares outstanding as of October 30, 2025, and has reduced its shares outstanding by 8% since December 31, 2024.

About AutoNation, Inc.  
AutoNation, one of the largest automotive retailers in the United States, offers innovative products and exceptional services as part of a portfolio of comprehensive solutions for our customers and their automotive needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, automotive parts, expert maintenance and repair services, as well as finance and insurance products, and customer financing options. Through DRV PNK, we have raised over $45 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.

Please visit www.autonation.com, investors.autonation.com, and www.x.com/autonation, where AutoNation discloses additional information about the Company, its business, and its results of operations. 

FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as "anticipates," "expects," "estimates," "intends," "goals," "targets," "projects," "plans," "believes," "continues," "may," "will," "could," and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements regarding our expectations for shareholder returns and the future performance of our business, and other statements that describe our objectives, goals, or plans, are forward-looking statements. Our forward-looking statements reflect our current expectations concerning future results and events, and they involve known and unknown risks, uncertainties, and other factors that are difficult to predict and may cause our actual results, performance, or achievements to be materially different from any future results, performance, and achievements expressed or implied by these statements. These risks, uncertainties, and other factors include, among others: economic conditions, including changes in tariffs, unemployment, interest, and/or inflation rates, consumer demand, and fuel prices; our ability to implement successfully our strategic acquisitions, initiatives, partnerships, and investments; our ability to maintain or improve gross profit margins; our ability to maintain or gain market share; our ability to successfully implement and maintain expense controls; and other factors described in our news releases and filings made under the securities laws, including, among others, our Annual Reports on Form 10-K, our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. Forward-looking statements contained in this news release speak only as of the date of this news release, and we undertake no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

 

 

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SOURCE AutoNation, Inc.

FAQ

What did AutoNation (AN) announce on October 31, 2025 about share repurchases?

AutoNation announced its Board authorized an additional $1.0 billion for common stock repurchases.

How much has AutoNation (AN) repurchased year-to-date through October 30, 2025?

Year-to-date through October 30, 2025 AutoNation repurchased 3.0 million shares for an aggregate $576 million.

What is AutoNation's (AN) remaining buyback authorization as of October 30, 2025?

AutoNation reports approximately $1.28 billion of Board authorization remaining for share repurchases as of October 30, 2025.

How many shares does AutoNation (AN) have outstanding as of October 30, 2025?

AutoNation has approximately 36 million shares outstanding as of October 30, 2025.

By how much has AutoNation (AN) reduced its shares outstanding since December 31, 2024?

AutoNation has reduced shares outstanding by approximately 8% since December 31, 2024.

Will the AutoNation (AN) share repurchase authorization affect dividends or guidance?

The announcement only addresses share repurchase authorization and does not change dividend policy or earnings guidance.