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Investing.com -- AutoNation Inc (NYSE:AN) stock rose 1.6% on Friday after the automotive retailer announced its Board of Directors has authorized an additional $1 billion share repurchase program.
The new authorization brings AutoNation’s total available share repurchase capacity to approximately $1.28 billion as of October 30, 2025. The company has already been actively buying back shares, having repurchased 3.0 million shares for $576 million year-to-date through October 30, at an average price of $189 per share.
"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."
The company has reduced its outstanding share count by 8% since December 31, 2024, with approximately 36 million shares currently outstanding as of October 30, 2025.
AutoNation, one of the largest automotive retailers in the United States, has demonstrated its commitment to returning capital to shareholders through its ongoing buyback initiatives while maintaining its operational growth strategy.
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