AUTONATION, INC. AN
AutoNation, Inc., through its subsidiaries, is one of the largest automotive retailers in the United States. As of December 31, 2025, we owned and operated 323 new vehicle franchises from 245 stores located in the United States, predominantly in major metropolitan markets in the Sunbelt region. Our stores, which we believe include some of the most recognizable and well-known in our key markets, sell 30 different new vehicle brands. The core brands of new vehicles that we sell, representing approximately 89% of the new vehicles that we sold in 2025, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, BMW, Mercedes-Benz, Stellantis, and Volkswagen (including Audi and Porsche). As of December 31, 2025, we also owned and operated 52 AutoNation-branded collision centers, 26 AutoNation USA used vehicle stores, 4 AutoNation-branded automotive auction operations, 3 parts distribution centers, a mobile automotive repair and maintenance business, and an auto finance company.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.63B | $26.77B | $26.95B | $26.98B | $25.84B | $20.39B | $21.34B | $21.41B | $21.53B | $21.61B |
| Cost of revenue | $22.68B | $21.98B | $21.82B | $21.72B | $20.89B | $16.82B | $17.81B | $18.02B | $18.18B | $18.30B |
| Gross profit | $4.95B | $4.79B | $5.13B | $5.27B | $4.95B | $3.57B | $3.52B | $3.40B | $3.36B | $3.31B |
| SG&A | $3.36B | $3.26B | $3.25B | $3.03B | $2.88B | $2.42B | $2.56B | $2.51B | $2.44B | $2.35B |
| Operating income | $1.24B | $1.31B | $1.65B | $2.02B | $1.90B | $563.2M | $823.6M | $777.9M | $843.4M | $889.5M |
| Pre-tax income | $884.5M | $916.7M | $1.35B | $1.83B | $1.81B | $550.1M | $612.6M | $529.4M | $636.5M | $702.3M |
| Income tax | $235.4M | $224.5M | $330.0M | $455.8M | $435.1M | $168.3M | $161.8M | $133.5M | $201.5M | $270.6M |
| Net income | $649.1M | $692.2M | $1.02B | $1.38B | $1.37B | $381.6M | $450.0M | $396.0M | $434.6M | $430.5M |
| EPS, basic | 17.26 | 17.09 | 22.89 | 24.47 | 18.50 | 4.32 | 4.99 | 4.36 | 4.44 | 4.18 |
| EPS, diluted | 17.04 | 16.92 | 22.74 | 24.29 | 18.31 | 4.30 | 4.97 | 4.34 | 4.43 | 4.15 |
| Shares, diluted (wtd. avg.) | $38.1M | $40.9M | $44.9M | $56.7M | $75.0M | $88.7M | $90.5M | $91.3M | $98.2M | $103.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $58.6M | $59.8M | $77.0M | $95.4M | $60.6M | $569.7M | $42.5M | $49.4M | $71.1M | $65.4M |
| Receivables | $693.4M | $774.0M | $762.0M | $634.5M | $539.9M | $595.0M | $662.0M | $706.7M | $854.3M | $1.03B |
| Inventory | $3.40B | $3.36B | $3.03B | $2.05B | $1.85B | $2.60B | $3.31B | $3.65B | $3.37B | $3.52B |
| Total current assets | $4.65B | $4.70B | $4.31B | $3.14B | $2.81B | $4.15B | $4.41B | $4.88B | $4.80B | $4.71B |
| Property, plant and equipment | $3.96B | $3.79B | $3.79B | $3.61B | $3.42B | $3.14B | $3.17B | $3.16B | $2.96B | $2.84B |
| Goodwill | $1.41B | $1.45B | $1.47B | $1.32B | $1.24B | $1.19B | $1.50B | $1.51B | $1.51B | $1.51B |
| Other intangibles | $1.03B | $905.9M | $927.8M | $837.0M | $743.5M | $521.5M | $581.6M | $595.4M | $586.8M | $598.2M |
| Total assets | $14.39B | $13.00B | $11.98B | $10.06B | $8.94B | $9.89B | $10.54B | $10.67B | $10.27B | $10.06B |
| Accounts payable | $369.9M | $376.6M | $344.7M | $327.6M | $395.9M | $335.2M | $290.3M | $306.2M | $309.8M | $303.7M |
| Total current liabilities | $5.54B | $6.31B | $5.58B | $3.41B | $3.06B | $4.17B | $5.10B | $5.66B | $5.64B | $5.83B |
| Retained earnings | $5.98B | $5.33B | $4.64B | $3.66B | $4.64B | $4.07B | $3.69B | $3.24B | $2.83B | $3.13B |
| Total equity | $2.34B | $2.46B | $2.21B | $2.05B | $2.38B | $3.24B | $3.16B | $2.72B | $2.37B | $2.31B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $111.9M | $314.7M | $724.0M | $1.67B | $1.63B | $1.21B | $769.2M | $511.0M | $540.1M | $516.0M |
| Stock-based compensation | $46.5M | $36.5M | $39.7M | $31.5M | $35.0M | $30.2M | $31.1M | $25.5M | $20.6M | $25.1M |
| Capital expenditure | $309.4M | $328.5M | $410.3M | $329.0M | $215.7M | $156.0M | $269.3M | $400.8M | $313.4M | $244.5M |
| Investing cash flow | -$687.0M | $12.3M | -$569.9M | -$479.3M | -$460.3M | -$73.7M | -$115.8M | -$295.3M | -$227.0M | -$493.0M |
| Financing cash flow | $557.5M | -$300.6M | -$172.5M | -$1.15B | -$1.68B | -$606.7M | -$660.3M | -$237.4M | -$307.4M | -$35.6M |
| Buybacks | $791.6M | $460.0M | $874.4M | $1.70B | $2.32B | $367.2M | $44.7M | $100.0M | $434.9M | $497.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-007800.
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