AutoNation, Inc. AN

Consumer DiscretionarySpecialty RetailersUnited States of America

Last close 185.90 USD on Nov 2, 2026, −10.0% year to date

Quant rating

Quant rating D Rank 260 of 344 in Consumer Discretionary

Growth C 182 of 344
Valuation C 180 of 344
Quality D 269 of 344
Revisions D 253 of 344
Momentum C 201 of 344

Wall Street consensus Buy (1.93)Average target 213.81 USD +15.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 5.9B
Enterprise value: 16.8B
52-week range: 151.92 – 235.50
3-year range: 130.67 – 235.50
Dividend yield: –
Beta (5 years): 0.83
Shares outstanding: 32.0M
Next earnings: Feb 8, 2027

About the company

AutoNation, Inc., through its subsidiaries, is an automotive retailer in the United States. Its segments include Domestic, Import, Premium Luxury, and AutoNation Finance. The Domestic segment is comprised of retail automotive franchises that sell new vehicles manufactured by Ford, General Motors, and Stellantis. The Import segment is primarily comprised of retail automotive franchises that sell new vehicles manufactured by Toyota, Honda, Hyundai, and Subaru. The Premium Luxury segment is primarily comprised of retail automotive franchises that sell new vehicles manufactured by Mercedes-Benz, BMW, Lexus, Audi, and Jaguar Land Rover. The franchises in each of its Domestic, Import, and Premium Luxury segments also sell used vehicles, parts and automotive services, and automotive finance and insurance products. The AutoNation Finance segment is comprised of its captive auto finance company, which provides indirect financing to qualified retail customers on vehicles it sells.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	27,631	26,765	26,949	26,985	25,844	–
Revenue growth	3.2%	−0.7%	−0.1%	4.4%	26.7%	6.3%
EPS (basic, normalized)	20.22	17.46	23.00	24.57	18.14	–
EPS growth	15.8%	−24.1%	−6.4%	35.4%	–	–
Gross margin	17.9%	17.9%	19.0%	19.5%	19.2%	18.7%
Net margin	2.3%	2.6%	3.8%	5.1%	5.3%	3.8%
ROE	27.1%	29.7%	47.9%	62.3%	48.9%	43.2%

Balance sheet, last quarter
Cash & short-term investments (mil)	51.2
Current ratio	0.77x
Long-term debt (mil)	6,210
Net debt (mil)	10,898
Total equity (mil)	2,266
Net debt / equity	4.81x
Net debt / EBITDA	6.65x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	27,631	+3.2%	0.6x	1,638	+5.5%	10.3x	20.22	+15.8%	9.2x
2026	27,578	−0.2%	0.6x	1,533	−6.4%	11.0x	20.80	+2.9%	8.9x
2027	28,356	+2.8%	0.6x	1,609	+5.0%	10.5x	23.40	+12.5%	7.9x
2028	29,212	+3.0%	0.6x	1,699	+5.6%	9.9x	26.40	+12.8%	7.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	27,578	−0.8%	−0.8%	−0.8%	20.80	−4.1%	−4.4%	−3.0%
2027	28,356	−1.1%	−1.1%	−1.0%	23.40	−5.7%	−5.1%	−3.4%
2028	29,212	−1.5%	−0.7%	−1.2%	26.40	−8.2%	−5.3%	−0.2%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	6,486	6,480	6,586	7,213	6,690	6,974	7,037	6,929	6,552	6,930
Sales mean (mil)	6,499	6,723	6,711	6,796	6,638	6,849	6,860	7,200	6,651	7,023
Surprise	−0.2%	−3.6%	−1.9%	+6.1%	+0.8%	+1.8%	+2.6%	−3.8%	−1.5%	−1.3%
EPS reported	4.49	3.99	4.02	4.97	4.68	5.46	5.01	5.08	4.69	5.56
EPS mean	4.27	4.34	4.38	4.26	4.41	4.71	4.82	4.85	4.51	5.50
Surprise	+5.2%	−8.1%	−8.2%	+16.6%	+6.1%	+15.9%	+3.9%	+4.7%	+4.0%	+1.2%

Peer comparison Specialty Retailers

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
AN AutoNation, Inc.	5.9B	6.65x	2.3%	2.65x	8.9x	7.9x	11.0x	10.5x
ORLY O'Reilly Automotive, Inc.	73.0B	1.89x	14.3%	−34.87x	27.4x	24.8x	18.4x	17.3x
CVNA Carvana Co	79.4B	1.36x	6.9%	18.24x	44.4x	31.9x	28.0x	21.2x
AZO AutoZone, Inc.	52.4B	1.98x	12.6%	−21.02x	19.2x	17.0x	12.9x	12.2x
PAG Penske Automotive Group Inc	14.0B	4.31x	2.9%	2.36x	16.0x	15.1x	13.7x	13.2x
KMX Carmax Inc	8.0B	16.88x	1.0%	1.27x	17.1x	15.6x	23.1x	21.3x
Mean		5.51x	6.7%	−5.23x	22.2x	18.7x	17.9x	16.0x
Median		3.14x	4.9%	1.81x	18.1x	16.3x	16.1x	15.3x

Technical analysis

1M+14.4%
3M−12.5%
1Y−7.0%
3Y+37.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, AutoNation, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	27,631	26,765	26,949	26,985	25,844	20,390
Cost of revenue	22,683	21,980	21,817	21,720	20,891	16,824
Gross profit	4,948	4,785	5,132	5,265	4,953	3,566
Selling, general & administrative expenses	3,362	3,264	3,253	3,026	2,876	2,422
Research & development	–	–	–	–	–	–
Depreciation/amortization	251	241	220	200	193	199
Interest expense (income), operating	−9.8	9.3	–	–	–	–
Unusual expense (income)	159	21.8	−6.1	−26.0	−15.3	378
Other operating expenses	−54.2	−55.8	12.0	40.4	−4.4	3.6
Operating income	1,240	1,306	1,652	2,024	1,903	563
Net interest income (expense)	−369	−399	−326	−176	−119	−157
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	13.4	9.8	24.4	−14.7	24.3	144
Net income before taxes	884	917	1,350	1,834	1,808	550
Provision for taxes	235	224	330	456	435	168
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	649	692	1,020	1,378	1,373	382
Extraordinary items	0	0	0.9	−0.3	−0.3	−0.2
Net income	649	692	1,021	1,377	1,373	382
EBIT, normalized	1,389	1,337	1,667	1,998	1,888	941
EBITDA, normalized	1,640	1,577	1,888	2,199	2,081	1,140
Basic EPS, normalized	20.22	17.46	23.00	24.57	18.14	–

Balance sheet in millions of USD, fiscal years

Balance sheet, AutoNation, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	58.6	59.8	60.8	72.6	60.4	570
Receivables	972	1,087	1,064	886	760	871
Total inventory	3,405	3,360	3,033	2,048	1,848	2,598
Prepaid expenses	–	–	–	–	–	–
Other current assets	212	192	149	131	143	114
Total current assets	4,648	4,698	4,307	3,138	2,812	4,153
Property, plant & equipment	4,413	4,183	4,184	3,931	3,704	3,448
Goodwill	1,409	1,453	1,466	1,320	1,235	1,185
Intangibles	1,029	906	928	837	744	522
Long-term investments	50.8	49.8	56.7	–	–	–
Note receivable	2,143	1,060	406	312	14.2	10.2
Other long-term assets	700	652	634	522	435	570
Total assets	14,392	13,002	11,980	10,060	8,944	9,887
Liabilities
Accounts payable	370	377	345	328	396	335
Payable/accrued	–	–	–	–	–	–
Accrued expenses	44.3	48.1	280	278	318	264
Short-term debt	4,028	4,340	3,822	2,159	1,798	2,760
Current portion of long-term debt	138	547	471	23.3	12.2	309
Other current liabilities	960	1,001	664	618	536	497
Total current liabilities	5,541	6,312	5,582	3,406	3,060	4,166
Long-term debt	5,586	3,411	3,378	3,900	2,846	1,793
Minority interest	–	–	–	–	–	–
Other liabilities	925	821	809	706	661	693
Total liabilities	12,051	10,544	9,769	8,012	6,567	6,652
Shareholders' equity
Preferred stock	–	–	–	–	–	0
Common stock	0.6	0.6	0.6	0.6	0.8	1.0
Additional paid-in capital	32.0	20.3	22.4	3.1	3.2	53.1
Retained earnings (accumulated deficit)	5,976	5,332	4,643	3,664	4,640	4,069
Treasury stock	−3,668	−2,895	−2,455	−1,620	−2,267	−888
Other equity	0	0	0	0	0	0
Total equity	2,341	2,457	2,211	2,048	2,377	3,236
Total liabilities & shareholders' equity	14,392	13,002	11,980	10,060	8,944	9,887

Cash flow statement in millions of USD, fiscal years

Cash flow statement, AutoNation, Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	649	692	1,021	1,377	1,373	382
Depreciation, depletion & amortization	251	241	220	200	193	199
Deferred taxes	11.2	−1.4	20.1	1.3	−17.4	−38.9
Non-cash items	312	54.7	61.6	84.3	0.8	275
Changes in working capital	−1,111	−672	−599	4.8	78.0	391
Cash from operations	112	315	724	1,668	1,628	1,208
Investing activities
Capital expenditures	−309	−328	−410	−329	−216	−156
Other investing cash flows	−378	341	−160	−150	−245	82.3
Cash from investing	−687	12.3	−570	−479	−460	−73.7
Financing activities
Financing cash flow items	−35.8	−20.9	−34.0	−38.4	−26.0	−19.1
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	593	−280	−138	−1,116	−1,650	−588
Cash from financing	558	−301	−172	−1,154	−1,676	−607
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−17.6	26.4	−18.4	34.8	−509	527
Free cash flow	−197	−13.8	314	1,339	1,412	1,052

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.