AN — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-10-30

• In the third quarter of 2026, U.S. industry retail new vehicle unit sales, which includes sales in markets in which we do not compete, decreased approximately 2%, as compared to the third quarter of 2025. New vehicle unit sales in the prior year benefited from the acceleration in consumer demand for…

• During the three months ended September 30, 2026, we had net income of $162.3 million and diluted earnings per share of $4.87, as compared to net income of $215.1 million and diluted earnings per share of $5.65 during the same period in 2025.

• Our total gross profit decreased 2% during the third quarter of 2026, compared to the same period in the prior year, driven by decreases in new vehicle gross profit of 8%, used vehicle gross profit of 9%, and finance and insurance gross profit of 7%, partially offset by an increase in parts and serv…

• Income from AutoNation Finance (“ANF”), our captive auto finance company, was $15.4 million during the third quarter of 2026, as compared to $1.5 million during the same period in 2025, reflecting an increase in interest and fee income from the growth in average managed receivables of $875.5 million…

• Net income for the three months ended September 30, 2026, was adversely impacted by after-tax self-insured losses of $6.6 million primarily related to severe weather events. Net income for the three months ended September 30, 2025, was favorably impacted by after-tax gains on insurance recoveries of…

Text removed vs the prior filing · source: 10-Q · 2026-07-31

• In the second quarter of 2026, U.S. industry retail new vehicle unit sales, which includes sales in markets in which we do not compete, was relatively flat, with a decrease in April offset by increases in May and June, as compared to the same periods in the second quarter of 2025. New vehicle unit s…

• During the three months ended June 30, 2026, we had net income of $182.1 million and diluted earnings per share of $5.39, as compared to net income of $86.4 million and diluted earnings per share of $2.26 during the same period in 2025.

• Our total gross profit decreased 3% during the second quarter of 2026, compared to the same period in the prior year, driven by decreases in new vehicle gross profit of 18%, used vehicle gross profit of 8%, and finance and insurance gross profit of 3%, partially offset by an increase in parts and se…

• unit volume in the current year period due in part to the phasing out of EV tax credits at the end of the third quarter of 2025, as well as a decrease in gross profit per vehicle retailed (“PVR”) resulting from higher average vehicle costs. Used vehicle gross profit was adversely impacted by a decre…

• Net income for the three months ended June 30, 2026, was adversely impacted by after-tax asset impairments, net of gains on property and store dispositions, of $2.4 million and an after-tax net loss from operations of terminated stores of $3.3 million. Net income for the three months ended June 30, …

Text added vs the prior filing · source: 10-Q · 2026-10-30

• are secured by the related auto loans receivable. Certain auto loans receivable were funded through term securitizations, which issued notes payable that accrue interest at fixed rates, and are also secured by the related auto loans receivable.

• We are subject to equity price risk with respect to certain minority equity investments without a readily determinable fair value. These equity investments are measured using a measurement alternative as permitted by accounting standards and were initially recorded at cost, to be subsequently adjust…

Text removed vs the prior filing · source: 10-Q · 2026-07-31

• We are subject to equity price risk with respect to certain minority equity investments without a readily determinable fair value. These equity investments are measured using a measurement alternative as permitted by accounting standards and were initially recorded at cost, to be subsequently adjust…

Text added vs the prior filing · source: 10-Q · 2026-10-30

• As previously disclosed in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission, on May 22, 2015, AutoNation, Inc. (the “Company”) established a commercial paper program (the “Program”) pursuant to which it may issue short-term, unsecured commercial paper notes (the “N…

• On October 27, 2026, the Company increased the size of the Program so that it may have up to $2.0 billion of Notes outstanding at any one time under the Program. Prior to this increase, the Company could have up to $1.9 billion of Notes outstanding at any one time. The maturities of the Notes may va…

• The Notes have not been and will not be registered under the Securities Act or state securities laws, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. The i…

• During the fiscal quarter ended September 30, 2026, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” (in each case, as defined in Item 408 of Regulation S-K).

Text removed vs the prior filing · source: 10-Q · 2026-07-31

• During the fiscal quarter ended June 30, 2026, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement” (in each case, as defined in Item 408 of Regulation S-K).