AutoNation authorizes additional $1 billion for share repurchases

FORT LAUDERDALE - AutoNation, Inc. (NYSE:AN) announced Friday that its Board of Directors has authorized an additional $1 billion for share repurchases, bringing the company’s total remaining authorization to approximately $1.28 billion. The automotive retailer, currently trading at $195.72 with a market cap of $7.14 billion, has seen its stock rise 15.24% year-to-date according to InvestingPro data.

The automotive retailer has already repurchased 3 million shares for $576 million, at an average price of $189 per share, through October 30, 2025. The company has reduced its outstanding shares by 8% since December 31, 2024, with approximately 36 million shares currently outstanding.

"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, in a press release statement.

AutoNation operates one of the largest networks of automotive dealerships in the United States, offering new and used vehicles, automotive parts, maintenance and repair services, as well as finance and insurance products.

The announcement comes as part of the company’s ongoing capital allocation strategy. The additional authorization reflects management’s confidence in the company’s financial position and operational performance, according to the statement.

The share repurchase program has no expiration date, and the timing and amount of repurchases will depend on market conditions and other factors.

In other recent news, AutoNation Inc. reported its third-quarter earnings, showcasing a strong performance that exceeded analyst expectations. The company achieved an adjusted earnings per share (EPS) of $5.01, surpassing the forecasted $4.84. This development highlights AutoNation’s ability to outperform in a challenging market environment. Despite this positive earnings report, the company’s stock price experienced a decline, reflecting investor concerns about future market conditions. There were no recent reports of mergers or acquisitions involving AutoNation. Analyst firms have not issued any recent upgrades or downgrades for AutoNation’s stock. These recent developments provide insight into AutoNation’s current financial position and market perception.

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