A Business at a Glance
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AUTONATION, INC.
AN
$7.9B
Mkt Cap
$208.18
+1.50%
AUTONATION, INC. (AN) has a current P/E ratio of 12.2, compared to its historical median P/E of 10.0. The stock is currently considered Fair based on its historical valuation range.
AUTONATION, INC. (AN) has a 5-year average return on invested capital (ROIC) of 21.5%. This indicates strong capital allocation and a potential competitive advantage.
AUTONATION, INC. (AN) has a market capitalization of $7.1B. It is classified as a mid-cap stock.
AUTONATION, INC. (AN) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 12.36%.
Based on historical P/E analysis, AUTONATION, INC. (AN) appears fair. The current P/E of 12.2 is 22% above its historical median of 10.0. The estimated fair value CAGR (P/E method) is 30.0%.
AUTONATION, INC. (AN) operates in the Retail-Auto Dealers & Gasoline Stations industry, within the Consumer Cyclical sector.
AUTONATION, INC. (AN) reported annual revenue of $27.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
AutoNation is one of the largest automotive retailers in the United States, operating 323 new vehicle franchises across 245 stores predominantly in major metropolitan markets in the Sunbelt region, selling 30 different new vehicle brands with core brands (Toyota, Honda, Ford, General Motors, BMW, Mercedes-Benz, Stellantis, and Volkswagen) representing approximately 89% of new vehicle sales. The company operates through four reportable segments—Domestic, Import, Premium Luxury, and AutoNation Finance—and generates revenue from new vehicles, used vehicles, parts and service (After-Sales), and finance and insurance products (Customer Financial Services), with After-Sales representing nearly one-half of gross profits. Beyond franchised dealerships, AutoNation owns and operates 52 collision centers, 26 used vehicle stores, 4 automotive auction operations, 3 parts distribution centers, a mobile repair and maintenance business, and a captive auto finance company that provides indirect financing to retail customers. The company's business model emphasizes operational excellence, scale advantages in key markets, digital customer experience, and strategic partnerships to expand access to new sales channels for vehicles, parts, service, financing, and personal transportation services, while pursuing opportunities to penetrate the extensive After-Sales service market and broaden its reach through existing and new distribution channels.
【Portfolio maturity driving profitability】 Management expects AutoNation Finance profitability to continue gaining meaningful traction as the portfolio matures and fixed costs are leveraged across a larger origination base, with the business expected to deliver attractive returns on equity as profitability grows and equity investment requirements moderate. After-Sales is anticipated to benefit from deferred purchases and segment shifting from new to used vehicles, with expectations for continued mid-single digit growth as the company penetrates the three-year-old-plus after-sales market through improved convenience, service quality, and competitive pricing. The company expects SG&A as a percentage of gross profit to moderate in subsequent quarters toward its targeted 66%-67% range as strategic investments in marketing and customer experience mature, though near-term levels are expected to remain above target. Management believes 2026 will be more stable than 2025, with new vehicle market expected to be slightly down compared to 2025, used vehicle market showing improvements year-over-year despite remaining somewhat constrained, and new unit profitability expected to remain fairly stable with second-half 2025 levels.
| Metric | Target | Period |
|---|---|---|
| AutoNation Finance originations | north of $2 billion-$2.1 billion | FY2026 |
| CapEx | $300 million-$325 million | FY2026 |
AutoNation Finance originations (FY2026): “you know, we're on a run rate that we think is, you know, gonna get us north of $2 billion-$2.1 billion in 2026, which would be, you know, close to 20% growth”
CapEx (FY2026): “CapEx was a little light in the quarter, mostly due to timing, and we expect full year spending to be $300 million-$325 million”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 27.5B | 27.6B | 26.8B | 26.9B | 27.0B | 25.8B |
| Net Income | 679M | 649M | 692M | 1.0B | 1.4B | 1.4B |
| EPS | $19.07 | $17.04 | $16.92 | $22.74 | $24.29 | $18.31 |
| Free Cash Flow | -104M | -198M | -14M | 314M | 1.3B | 1.4B |
| ROIC | 36.0% | 14.7% | 16.0% | 21.1% | 27.3% | 28.4% |
| Gross Margin | 18.0% | 17.9% | 17.9% | 19.0% | 19.5% | 19.2% |
| Debt/Equity | 0.14 | 1.70 | 1.53 | 1.82 | 1.78 | 1.35 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 1.2B | 1.2B | 1.3B | 1.7B | 2.0B | 1.9B |
| Operating Margin | 4.4% | 4.5% | 4.9% | 6.1% | 7.5% | 7.4% |
| ROE | 30.5% | 27.1% | 29.7% | 47.9% | 62.3% | 48.9% |
| Shares Outstanding | 34M | 38M | 41M | 45M | 57M | 75M |
| Metric | 2016 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 19.1B | 20.9B | 21.6B | 21.5B | 21.4B | 21.3B | 20.4B | 25.8B | 27.0B | 26.9B | 26.8B | 27.6B | 27.5B |
| Gross Margin | 15.6% | 15.6% | 15.3% | 15.6% | 15.9% | 16.5% | 17.5% | 19.2% | 19.5% | 19.0% | 17.9% | 17.9% | 18.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 2.1B | 2.3B | 2.3B | 2.4B | 2.5B | 2.6B | 2.4B | 2.9B | 3.0B | 3.3B | 3.3B | 3.4B | 3.4B |
| EBIT | 821M | 873M | 890M | 843M | 778M | 824M | 563M | 1.9B | 2.0B | 1.7B | 1.3B | 1.2B | 1.2B |
| Op. Margin | 4.3% | 4.2% | 4.1% | 3.9% | 3.6% | 3.9% | 2.8% | 7.4% | 7.5% | 6.1% | 4.9% | 4.5% | 4.4% |
| Net Income | 419M | 443M | 431M | 435M | 396M | 450M | 382M | 1.4B | 1.4B | 1.0B | 692M | 649M | 679M |
| Net Margin | 2.2% | 2.1% | 2.0% | 2.0% | 1.8% | 2.1% | 1.9% | 5.3% | 5.1% | 3.8% | 2.6% | 2.3% | 2.5% |
| Non-Recurring | 15M | 30M | 77M | 122M | 58M | 45M | 326M | 18M | 16M | 9.1M | 55M | 74M | 74M |
| Returns on Capital | |||||||||||||
| ROIC | 12.7% | 12.2% | 11.4% | 11.6% | 11.3% | 11.6% | 7.9% | 28.4% | 27.3% | 21.1% | 16.0% | 14.7% | 36.0% |
| ROE | 20.3% | 20.0% | 18.5% | 18.6% | 15.6% | 15.3% | 11.9% | 48.9% | 62.3% | 47.9% | 29.7% | 27.1% | 30.5% |
| ROA | 5.1% | 4.9% | 4.4% | 4.3% | 3.8% | 4.2% | 3.7% | 14.6% | 14.5% | 9.3% | 5.5% | 4.7% | 4.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 485M | 507M | 516M | 540M | 511M | 769M | 1.2B | 1.6B | 1.7B | 724M | 315M | 112M | 187M |
| Free Cash Flow | 276M | 260M | 272M | 227M | 110M | 500M | 1.1B | 1.4B | 1.3B | 314M | -14M | -198M | -104M |
| Owner Earnings | -472M | -527M | -602M | -692M | -847M | -743M | -476M | -188M | -299M | -1.4B | -2.0B | -2.4B | -2.4B |
| CapEx | 209M | 248M | 245M | 313M | 401M | 269M | 156M | 216M | 329M | 410M | 329M | 309M | 291M |
| Maint. CapEx | 931M | 1.0B | 1.1B | 1.2B | 1.3B | 1.5B | 1.7B | 1.8B | 1.9B | 2.1B | 2.3B | 2.5B | 2.6B |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 931M | 1.0B | 1.1B | 1.2B | 1.3B | 1.5B | 1.7B | 1.8B | 1.9B | 2.1B | 2.3B | 2.5B | 2.6B |
| CapEx/OCF | 43.1% | 48.8% | 47.4% | 57.4% | 78.4% | 35.0% | 12.9% | 13.3% | 19.7% | 56.7% | 104.4% | 276.5% | 155.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 488M | 237M | 497M | 435M | 100M | 45M | 367M | 2.3B | 1.7B | 874M | 460M | 792M | 872M |
| Buyback Yield | 6.8% | 3.5% | 9.9% | 8.6% | 3.1% | 1.0% | 6.0% | 27.4% | 28.3% | 12.9% | 6.5% | 9.8% | 12.4% |
| Stock-Based Comp | 26M | 24M | 25M | 21M | 26M | 31M | 30M | 35M | 32M | 40M | 37M | 47M | 47M |
| Debt Repayment | 2.0B | 2.5B | 1.3B | 1.3B | 0 | 0 | 1.1B | 8.0M | 7.1M | 6.6M | 1.8M | 16M | 16M |
| Balance Sheet | |||||||||||||
| Net Debt | 2.1B | 2.3B | 2.7B | 2.6B | 2.6B | 2.1B | 1.4B | 3.1B | 3.6B | 4.0B | 3.7B | 3.9B | 255M |
| Cash & Equiv. | 75M | 74M | 65M | 69M | 49M | 42M | 570M | 60M | 73M | 61M | 60M | 59M | 66M |
| Long-Term Debt | 2.1B | 1.7B | 1.6B | 2.0B | 1.9B | 1.6B | 1.8B | 2.8B | 3.6B | 3.1B | 2.6B | 3.7B | N/A |
| Debt/Equity | 1.03 | 1.00 | 1.18 | 1.14 | 0.96 | 0.67 | 0.65 | 1.35 | 1.78 | 1.82 | 1.53 | 1.70 | 0.14 |
| Interest Coverage | 9.5 | 9.6 | 7.7 | 7.0 | 6.5 | 7.7 | 6.0 | 20.5 | 15.0 | 9.1 | 7.3 | 6.9 | 54.4 |
| Equity | 2.1B | 2.3B | 2.3B | 2.4B | 2.7B | 3.2B | 3.2B | 2.4B | 2.0B | 2.2B | 2.5B | 2.3B | 2.2B |
| Total Assets | 8.4B | 9.5B | 10.1B | 10.3B | 10.7B | 10.5B | 9.9B | 8.9B | 10.1B | 12.0B | 13.0B | 14.4B | 14.6B |
| Total Liabilities | 6.3B | 7.2B | 7.7B | 7.9B | 7.9B | 7.4B | 6.7B | 6.6B | 8.0B | 9.8B | 10.5B | 12.1B | 17M |
| Intangibles | 355M | 440M | 598M | 587M | 595M | 582M | 522M | 744M | 837M | 928M | 906M | 1.0B | 1.0B |
| Retained Earnings | 3.8B | 2.7B | 3.1B | 2.8B | 3.2B | 3.7B | 4.1B | 4.6B | 3.7B | 4.6B | 5.3B | 6.0B | 6.2B |
| Working Capital | 117M | -458M | -1.1B | -838M | -774M | -689M | -13M | -248M | -268M | -1.3B | -1.6B | -893M | -1.0B |
| Current Assets | 4.0B | 4.7B | 4.7B | 4.8B | 4.9B | 4.4B | 4.2B | 2.8B | 3.1B | 4.3B | 4.7B | 4.6B | 4.6B |
| Current Liabilities | 3.9B | 5.2B | 5.8B | 5.6B | 5.7B | 5.1B | 4.2B | 3.1B | 3.4B | 5.6B | 6.3B | 5.5B | 5.6B |
| Per Share Data | |||||||||||||
| EPS | 3.52 | 3.89 | 4.15 | 4.43 | 4.34 | 4.97 | 4.30 | 18.31 | 24.29 | 22.74 | 16.92 | 17.04 | 19.07 |
| Owner EPS | -3.97 | -4.63 | -5.81 | -7.05 | -9.29 | -8.21 | -5.36 | -2.51 | -5.26 | -32.26 | -49.89 | -63.03 | -71.59 |
| Book Value | 17.42 | 20.65 | 22.27 | 24.15 | 29.77 | 34.92 | 36.46 | 31.70 | 36.11 | 49.25 | 60.07 | 61.46 | 65.69 |
| Cash Flow/Share | 4.08 | 4.46 | 4.97 | 5.51 | 5.60 | 8.50 | 13.61 | 21.71 | 29.42 | 16.12 | 7.69 | 2.94 | 95.74 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 118.9M | 113.8M | 103.7M | 98.1M | 91.2M | 90.5M | 88.7M | 75.0M | 56.7M | 44.9M | 40.9M | 38.1M | 33.9M |
| Valuation | |||||||||||||
| P/E Ratio | 17.0 | 15.4 | 11.7 | 11.6 | 8.1 | 9.9 | 16.0 | 6.2 | 4.4 | 6.7 | 10.2 | 12.4 | 10.9 |
| P/FCF | 25.9 | 26.2 | 18.5 | 22.2 | 29.1 | 8.9 | 5.8 | 6.0 | 4.5 | 21.7 | N/A | N/A | N/A |
| EV/EBIT | 11.1 | 10.3 | 8.6 | 9.0 | 7.3 | 7.8 | 12.5 | 6.1 | 4.7 | 6.5 | 8.2 | 9.6 | 6.0 |
| Price/Book | 3.4 | 2.9 | 2.2 | 2.1 | 1.2 | 1.4 | 1.9 | 3.6 | 2.9 | 3.1 | 2.9 | 3.4 | 3.2 |
| Price/Sales | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 |
| FCF Yield | 3.9% | 3.8% | 5.4% | 4.5% | 3.4% | 11.3% | 17.3% | 16.7% | 22.3% | 4.6% | -0.2% | -2.5% | -1.5% |
| Market Cap | 7.1B | 6.8B | 5.0B | 5.0B | 3.2B | 4.4B | 6.1B | 8.5B | 6.0B | 6.8B | 7.0B | 8.1B | 7.1B |
| Avg. Price | 54.16 | 61.89 | 48.13 | 45.63 | 46.26 | 43.44 | 47.96 | 102.45 | 113.06 | 140.79 | 162.82 | 194.43 | 208.18 |
| Year-End Price | 59.97 | 59.77 | 48.40 | 51.38 | 35.11 | 48.98 | 68.61 | 112.74 | 105.75 | 151.50 | 171.85 | 211.48 | 208.18 |
AUTONATION, INC. passes 7 of 9 quality checks, indicating strong fundamentals.
AUTONATION, INC. trades at 12.2x trailing earnings, compared to its 15-year median P/E of 10.0x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 21.5% with a gross margin of 18.7%. Total shareholder yield (buybacks) is 12.4%. At current prices, the estimated annualized return to fair value is +7.4%.
AUTONATION, INC. (AN) has a net profit margin of 2.3%. This is a modest margin.
AUTONATION, INC. (AN) generated $-198 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
AUTONATION, INC. (AN) has a debt-to-equity ratio of 1.70. This indicates higher leverage, which may increase financial risk.
AUTONATION, INC. (AN) reported earnings per share (EPS) of $17.04 in its most recent fiscal year.
AUTONATION, INC. (AN) has a return on equity (ROE) of 27.1%. This indicates the company generates strong returns for shareholders.
AUTONATION, INC. (AN) has a 5-year average gross margin of 18.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for AUTONATION, INC. (AN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
AUTONATION, INC. (AN) has a book value per share of $61.46, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects AutoNation Finance profitability to continue gaining meaningful traction as the portfolio matures and fixed costs are leveraged across a larger origination base, with the business expected to deliver attractive returns on equity as profitability grows and equity investment requirements moderate. After-Sales is anticipated to benefit from deferred purchases and segment shifting from new to used vehicles, with expectations for continued mid-single digit growth as the company penetrates the three-year-old-plus after-sales market through improved convenience, service quality, and competitive pricing. The company expects SG&A as a percentage of gross profit to moderate in subsequent quarters toward its targeted 66%-67% range as strategic investments in marketing and customer experience mature, though near-term levels are expected to remain above target. Management believes 2026 will be more stable than 2025, with new vehicle market expected to be slightly down compared to 2025, used vehicle market showing improvements year-over-year despite remaining somewhat constrained, and new unit profitability expected to remain fairly stable with second-half 2025 levels.
Based on recent SEC filings and earnings calls, AUTONATION, INC. (AN) has provided the following forward guidance: AutoNation Finance originations: north of $2 billion-$2.1 billion (FY2026); CapEx: $300 million-$325 million (FY2026).