AUTONATION, INC., 10-Q filed on 4/25/2025
Quarterly Report
v3.25.1
Cover Page - shares
 3 Months Ended
Mar. 31, 2025
Apr. 23, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2025  
Document Transition Report false  
Entity File Number 1-13107  
Entity Registrant Name AUTONATION, INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 73-1105145  
Entity Address, Address Line One 200 SW 1st Avenue  
Entity Address, City or Town Fort Lauderdale  
Entity Address, State or Province FL  
Entity Address, Postal Zip Code 33301  
City Area Code 954  
Local Phone Number 769-6000  
Title of 12(b) Security Common stock, par value $0.01 per share  
Trading Symbol AN  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   37,701,138
Amendment Flag false  
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2025  
Entity Central Index Key 0000350698  
Current Fiscal Year End Date --12-31  
v3.25.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 70.5 $ 59.8
Receivables, net 1,023.3 1,066.3
Inventory 3,231.6 3,360.0
Other current assets 223.9 211.9
Total Current Assets 4,549.3 4,698.0
AUTO LOANS RECEIVABLE, net of allowance for credit losses of $66.9 million and $54.8 million, respectively 1,397.7 1,057.1
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $2.4 billion and $2.3 billion, respectively 3,795.2 3,791.9
OPERATING LEASE ASSETS 463.1 391.1
GOODWILL 1,452.9 1,452.9
OTHER INTANGIBLE ASSETS, NET 966.2 905.9
OTHER ASSETS 701.2 704.8
Total Assets 13,325.6 13,001.7
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 3,558.9 3,709.7
Accounts payable 331.5 376.6
Commercial paper 340.0 630.0
Current maturities of long-term debt 518.2 518.5
Current portion of non-recourse debt 41.3 28.3
Other current liabilities 1,091.5 1,049.1
Total Current Liabilities 5,881.4 6,312.2
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,104.5 2,613.6
NON-RECOURSE DEBT, NET OF CURRENT PORTION 1,038.9 797.7
NONCURRENT OPERATING LEASE LIABILITIES 430.3 356.9
DEFERRED INCOME TAXES 86.0 83.1
OTHER LIABILITIES 381.3 380.9
COMMITMENTS AND CONTINGENCIES (Note 15)
SHAREHOLDERS’ EQUITY:    
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 63,562,149 shares issued at March 31, 2025, and December 31, 2024, including shares held in treasury 0.6 0.6
Additional paid-in capital 3.3 20.3
Retained earnings 5,502.5 5,331.8
Treasury stock, at cost; 25,677,029 and 24,527,869 shares held, respectively (3,103.2) (2,895.4)
Total Shareholders’ Equity 2,403.2 2,457.3
Total Liabilities and Shareholders’ Equity 13,325.6 13,001.7
Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,029.6 2,216.2
Non-Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,529.3 $ 1,493.5
v3.25.1
Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
AUTO LOANS RECEIVABLE, allowance for credit losses $ 66.9 $ 54.8
PROPERTY AND EQUIPMENT, accumulated depreciation $ 2,400.0 $ 2,300.0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock authorized (in shares) 1,500,000,000 1,500,000,000
Common stock issued (in shares) 63,562,149 63,562,149
Treasury stock (in shares) 25,677,029 24,527,869
v3.25.1
Unaudited Condensed Consolidated Statements Of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
TOTAL REVENUE $ 6,690.4 $ 6,485.7
TOTAL COST OF SALES 5,470.5 5,287.8
TOTAL GROSS PROFIT 1,219.9 1,197.9
AUTONATION FINANCE INCOME (LOSS) 0.1 (5.0)
Selling, general, and administrative expenses 821.9 793.1
Depreciation and amortization 61.8 58.3
Other expense, net 0.3 1.2
OPERATING INCOME 336.0 340.3
Non-operating income (expense) items:    
Floorplan interest expense (46.5) (49.4)
Other interest expense (42.3) (44.6)
Other income (loss), net (13.2) 7.0
INCOME BEFORE INCOME TAXES 234.0 253.3
Income tax provision 58.5 63.2
NET INCOME $ 175.5 $ 190.1
BASIC EARNINGS PER SHARE:    
Earnings per share, basic (in dollars per share) $ 4.50 $ 4.53
Weighted average common shares outstanding (in shares) 39.0 42.0
DILUTED EARNINGS PER SHARE:    
Earnings per share, diluted (in dollars per share) $ 4.45 $ 4.49
Weighted average common shares outstanding (in shares) 39.4 42.3
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 37.9 41.6
New vehicle    
TOTAL REVENUE $ 3,248.1 $ 2,979.3
TOTAL COST OF SALES 3,073.2 2,783.4
TOTAL GROSS PROFIT 174.9 195.9
Used vehicle    
TOTAL REVENUE 1,922.4 1,996.1
TOTAL COST OF SALES 1,797.9 1,884.6
TOTAL GROSS PROFIT 124.5 111.5
Parts and service    
TOTAL REVENUE 1,164.0 1,172.4
TOTAL COST OF SALES 596.3 616.6
TOTAL GROSS PROFIT 567.7 555.8
Finance and insurance, net    
TOTAL REVENUE 352.5 334.7
TOTAL GROSS PROFIT 352.5 334.7
Other    
TOTAL REVENUE 3.4 3.2
TOTAL COST OF SALES 3.1 3.2
TOTAL GROSS PROFIT $ 0.3 $ 0.0
v3.25.1
Unaudited Condensed Consolidated Statement Of Shareholders' Equity - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Treasury Stock
BALANCE at period start (in shares) at Dec. 31, 2023   63,562,149      
BALANCE at period start at Dec. 31, 2023 $ 2,211.4 $ 0.6 $ 22.4 $ 4,643.0 $ (2,454.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 190.1     190.1  
Repurchases of common stock, including excise tax (38.8)       (38.8)
Stock-based compensation expense 14.1   14.1    
Shares awarded under stock-based compensation plans, net of shares withheld for taxes (17.0)   (34.5) (3.4) 20.9
BALANCE at period end (in shares) at Mar. 31, 2024   63,562,149      
BALANCE at period end at Mar. 31, 2024 2,359.8 $ 0.6 2.0 4,829.7 (2,472.5)
BALANCE at period start (in shares) at Dec. 31, 2024   63,562,149      
BALANCE at period start at Dec. 31, 2024 2,457.3 $ 0.6 20.3 5,331.8 (2,895.4)
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 175.5     175.5  
Repurchases of common stock, including excise tax (226.6)       (226.6)
Stock-based compensation expense 16.7   16.7    
Shares awarded under stock-based compensation plans, net of shares withheld for taxes (19.7)   (33.7) (4.8) 18.8
BALANCE at period end (in shares) at Mar. 31, 2025   63,562,149      
BALANCE at period end at Mar. 31, 2025 $ 2,403.2 $ 0.6 $ 3.3 $ 5,502.5 $ (3,103.2)
v3.25.1
Unaudited Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES:    
NET INCOME $ 175.5 $ 190.1
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 61.8 58.3
Amortization of debt issuance costs and accretion of debt discounts 2.0 2.3
Stock-based compensation expense 16.7 14.1
Provision for credit losses on auto loans receivable 19.2 10.2
Deferred income tax provision 2.9 1.3
Loss on equity investments 11.5 0.4
Loss (gain) on corporate-owned life insurance asset 1.9 (7.3)
Other (1.7) 0.7
(Increase) decrease, net of effects from business acquisitions and divestitures:    
Receivables 43.0 160.4
Auto loans receivable, net (365.4) (149.5)
Inventory 169.2 (26.1)
Other assets 29.8 (11.9)
Increase (decrease), net of effects from business acquisitions and divestitures:    
Vehicle floorplan payable - trade (186.5) 36.0
Accounts payable (45.4) 2.2
Other liabilities 13.0 13.3
Net cash provided by (used in) operating activities (52.5) 294.5
CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES:    
Purchases of property and equipment (75.2) (93.7)
Cash paid for business acquisitions, net of cash acquired (69.6) 0.0
Collections on auto loans receivable acquired through third-party dealers 5.7 23.9
Other 3.0 0.5
Net cash used in investing activities (136.1) (69.3)
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES:    
Repurchases of common stock (220.6) (38.7)
Proceeds from 5.89% Senior Notes due 2035 500.0 0.0
Net payments of commercial paper (290.0) (155.0)
Proceeds from non-recourse debt 407.0 214.0
Payments of non-recourse debt (153.0) (127.7)
Payment of debt issuance costs (4.9) 0.0
Net payments of vehicle floorplan payable - non-trade (0.9) (93.5)
Payments of other debt obligations (3.3) (3.2)
Payments of tax withholdings for stock-based awards (19.9) (17.1)
Proceeds from the exercise of stock options 0.2 0.1
Net cash provided by (used in) financing activities 214.6 (221.1)
INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 26.0 4.1
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH at beginning of period 103.4 77.0
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH at end of period $ 129.4 $ 81.1
v3.25.1
Interim Financial Statements
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Interim Financial Statements INTERIM FINANCIAL STATEMENTS
Business and Basis of Presentation
AutoNation, Inc., through its subsidiaries, is one of the largest automotive retailers in the United States. As of March 31, 2025, we owned and operated 322 new vehicle franchises from 244 stores located in the United States, predominantly in major metropolitan markets in the Sunbelt region. Our stores sell 30 different new vehicle brands. The core brands of new vehicles that we sell, representing approximately 88% of the new vehicles that we sold during the three months ended March 31, 2025, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, Mercedes-Benz, BMW, Stellantis, and Volkswagen (including Audi and Porsche). As of March 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.
We offer a diversified range of automotive products and services, including new vehicles, used vehicles, “parts and service” (also referred to as “After-Sales”), which includes automotive repair and maintenance services as well as wholesale parts and collision businesses, and automotive “finance and insurance” products (also referred to as “Customer Financial Services”), which include vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. We also offer indirect financing through our captive finance company on vehicles we sell. For convenience, the terms “AutoNation,” “Company,” and “we” are used to refer collectively to AutoNation, Inc. and its subsidiaries, unless otherwise required by the context. Our store and other operations are conducted by our subsidiaries.
The accompanying Unaudited Condensed Consolidated Financial Statements include the accounts of AutoNation, Inc. and its subsidiaries; intercompany accounts and transactions have been eliminated. The accompanying Unaudited Condensed Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. Additionally, operating results for interim periods are not necessarily indicative of the results that can be expected for a full year. The Unaudited Condensed Consolidated Financial Statements herein should be read in conjunction with our audited Consolidated Financial Statements and notes thereto included within our most recent Annual Report on Form 10-K. These Unaudited Condensed Consolidated Financial Statements reflect, in the opinion of management, all material adjustments (which include only normal recurring adjustments) necessary to fairly state, in all material respects, our financial position and results of operations for the periods presented.
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. In preparing these financial statements, management has made its best estimates and judgments of certain amounts included in the financial statements. We base our estimates and judgments on historical experience and other assumptions that we believe are reasonable. However, application of these accounting policies involves the exercise of judgment and use of assumptions as to future uncertainties and, as a result, actual results could differ materially from these estimates. We periodically evaluate estimates and assumptions used in the preparation of the financial statements and make changes on a prospective basis when adjustments are necessary. Such estimates and assumptions affect, among other things, our goodwill, indefinite-lived intangible asset, and long-lived asset valuations; inventory valuation; equity investment valuation; assets held for sale; assessments of variable consideration and related constraints associated with retrospective commissions; accruals for chargebacks against revenue recognized from the sale of finance and insurance products; accruals related to self-insurance programs; certain legal proceedings; assessment of the annual income tax expense; valuation of deferred income taxes and income tax contingencies; the allowance for expected credit losses; and measurement of performance-based compensation costs.
Certain reclassifications of amounts previously reported have been made to the accompanying Unaudited Condensed Consolidated Financial Statements in order to maintain consistency and comparability between periods presented.
Recent Accounting Pronouncements
In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, that requires presentation of specific categories of reconciling items, as well as reconciling items that meet a quantitative threshold, in the reconciliation between the income tax provision and the income tax provision using statutory tax rates. The standard also requires disclosure of income taxes paid disaggregated by jurisdiction with separate disclosure of income taxes paid to individual jurisdictions that meet a quantitative threshold. The amendments in this accounting standard are effective for annual periods beginning after December 15, 2024, on a prospective basis. Early adoption and retrospective application are permitted. We do not expect the adoption of this accounting standard to have an impact on our consolidated financial statements, but will require certain additional disclosures.
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, that requires disclosure of the amounts of purchases of inventory, employee compensation, depreciation, and intangible asset amortization included in each relevant expense line item on the income statement. The standard also requires a qualitative description of other amounts included in each relevant expense line item on the income statement that are not separately disclosed. In addition, entities are required to disclose the nature and amount of selling expenses. The new standard is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. We do not expect the adoption of this accounting standard to have an impact on our consolidated financial statements, but will require certain additional disclosures.
v3.25.1
Revenue Recognition
 3 Months Ended
Mar. 31, 2025
Revenue Recognition [Abstract]  
Revenue Recognition REVENUE RECOGNITION
Disaggregation of Revenue
The significant majority of our revenue is from contracts with customers. Taxes assessed by governmental authorities that are directly imposed on revenue transactions are excluded from revenue and expenses. In the following tables, revenue is disaggregated by major lines of goods and services and timing of transfer of goods and services. The tables also include a reconciliation of the disaggregated revenue to reportable segment revenue.
Three Months Ended March 31, 2025
DomesticImportPremium Luxury
Corporate and other(1)
Total
Major Goods/Service Lines
New vehicle$860.2 $1,062.0 $1,325.9 $— $3,248.1 
Used vehicle486.1 546.7 712.1 177.5 1,922.4 
Parts and service269.0 318.6 424.4 152.0 1,164.0 
Finance and insurance, net101.8 118.5 114.1 18.1 352.5 
Other0.3 1.5 — 1.6 3.4 
$1,717.4 $2,047.3 $2,576.5 $349.2 $6,690.4 
Timing of Revenue Recognition
Goods and services transferred at a point in time$1,509.4 $1,790.5 $2,207.3 $245.3 $5,752.5 
Goods and services transferred over time(2)
208.0 256.8 369.2 103.9 937.9 
$1,717.4 $2,047.3 $2,576.5 $349.2 $6,690.4 
Three Months Ended March 31, 2024
DomesticImportPremium Luxury
Corporate and other(1)
Total
Major Goods/Service Lines
New vehicle$814.4 $1,006.8 $1,158.1 $— $2,979.3 
Used vehicle543.0 557.2 736.2 159.7 1,996.1 
Parts and service302.1 294.7 417.2 158.4 1,172.4 
Finance and insurance, net97.0 119.2 103.3 15.2 334.7 
Other0.2 1.6 0.1 1.3 3.2 
$1,756.7 $1,979.5 $2,414.9 $334.6 $6,485.7 
Timing of Revenue Recognition
Goods and services transferred at a point in time$1,538.3 $1,748.3 $2,057.9 $229.1 $5,573.6 
Goods and services transferred over time(2)
218.4 231.2 357.0 105.5 912.1 
$1,756.7 $1,979.5 $2,414.9 $334.6 $6,485.7 
(1) “Corporate and other” is comprised of our non-franchised businesses, including AutoNation USA used vehicle stores, collision centers, parts distribution centers, auction operations, and AutoNation Mobile Service.
(2) Represents revenue recognized during the period for automotive repair and maintenance services.
Transaction Price Allocated to Remaining Performance Obligations
We sell a vehicle maintenance program (the AutoNation Vehicle Care Program or “VCP”) under which a customer purchases a specific number of maintenance services to be redeemed at an AutoNation location over a five-year term from the date of purchase. We satisfy our performance obligations related to this program and recognize revenue as the maintenance services are rendered, since the customer benefits when we have completed the maintenance service.
The following table includes estimated revenue expected to be recognized in the future related to VCP performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period:
Revenue Expected to Be Recognized by Period
TotalNext 12 Months13 - 36 Months37 - 60 Months
Revenue expected to be recognized on VCP contracts sold as of period end
$113.0 $39.7 $54.7 $18.6 
As a practical expedient, since all other automotive repair and maintenance services are generally performed within one year or less, we do not disclose estimated revenue expected to be recognized in the future for all other automotive repair and maintenance performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period or when we expect to recognize such revenue.
Contract Assets and Liabilities
When the timing of our provision of goods or services is different from the timing of payments made by our customers, we recognize either a contract asset (performance precedes contractual due date) or a contract liability (customer payment precedes performance). Contract assets primarily relate to our right to consideration for work in process not yet billed at the reporting date associated with automotive repair and maintenance services, as well as our estimate of variable consideration that has been included in the transaction price for certain finance and insurance products (retrospective commissions). These contract assets are reclassified to receivables when the right to consideration becomes unconditional. Contract liabilities primarily relate to upfront payments received from customers for the sale of VCP contracts.
Our receivables from contracts with customers are included in Receivables, net, our current contract asset is included in Other Current Assets, our long-term contract asset is included in Other Assets, our current contract liability is included in Other
Current Liabilities, and our long-term contract liability is included in Other Liabilities in our Unaudited Condensed Consolidated Balance Sheets.
The following table provides the balances of our receivables from contracts with customers and our current and long-term contract assets and contract liabilities:
March 31, 2025December 31, 2024
Receivables from contracts with customers, net$764.4 $774.0 
Contract Asset (Current)$23.0 $20.4 
Contract Asset (Long-Term)$3.5 $2.8 
Contract Liability (Current)$44.2 $43.9 
Contract Liability (Long-Term)$73.3 $72.9 
The change in the balances of our contract assets and contract liabilities primarily result from the timing differences between our performance and the customer’s payment, as well as changes in the estimated transaction price related to variable consideration for performance obligations satisfied in previous periods. The following table presents revenue recognized during the period from amounts included in the contract liability balance at the beginning of the period and adjustments to revenue related to performance obligations satisfied in previous periods:
Three Months Ended March 31,
20252024
Amounts included in contract liability at the beginning of the period$10.3 $9.8 
Performance obligations satisfied in previous periods$0.6 $0.3 
Other significant changes include contract assets reclassified to receivables of $13.2 million for the three months ended March 31, 2025, and $16.9 million for the three months ended March 31, 2024.
v3.25.1
AutoNation Finance Income (Loss)
 3 Months Ended
Mar. 31, 2025
AutoNation Finance Income (Loss) [Abstract]  
AutoNation Finance Income (Loss) AUTONATION FINANCE INCOME (LOSS)
AutoNation Finance (“ANF”), our captive auto finance company, provides indirect financing to qualified retail customers on vehicles we sell. Prior to October 2023, ANF also purchased retail vehicle installment sales contracts through third-party dealers. ANF income (loss) includes the interest and fee income generated by auto loans receivable less the interest expense associated with the debt issued or used to fund these receivables, a provision for estimated credit losses on the auto loans receivable originated or acquired, and direct expenses. Interest income on auto loans receivable is recognized over the contractual term of the related loans. ANF income (loss) does not include amortization of intercompany discounts or intercompany dealer participation fees. Direct costs associated with loan originations are capitalized and amortized using the effective interest method. The following table presents the components of AutoNation Finance income (loss):
Three Months Ended March 31,
20252024
Interest margin:
Interest and fee income $41.9 $21.8 
Interest expense (13.9)(7.0)
Total interest margin28.0 14.8 
Provision for credit losses(18.9)(10.2)
Total interest margin after provision for loan losses
9.1 4.6 
Direct expenses(1)
(9.0)(9.6)
AutoNation Finance income (loss)
$0.1 $(5.0)
(1) Direct expenses are comprised primarily of compensation expenses and loan administration costs incurred by our auto finance company.
We typically use non-recourse funding facilities, including warehouse facilities and asset-backed term funding transactions, as well as free cash flow from operations to fund the auto loans receivable of ANF. See Notes 6 and 9 of the Notes to Unaudited Condensed Consolidated Financial Statements for more information about our auto loans receivable and related non-recourse debt, respectively.
v3.25.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the period, including vested restricted stock unit (“RSU”) awards. Diluted EPS is calculated using the treasury stock method by dividing net income by the weighted average number of shares outstanding, noted above, including the dilutive effect of unvested RSU awards and stock options.
The following table presents the calculation of basic and diluted EPS:
Three Months Ended March 31,
 20252024
Net Income
$175.5 $190.1 
Basic weighted average common shares outstanding
39.0 42.0 
Dilutive effect of unvested RSUs and stock options0.4 0.3 
Diluted weighted average common shares outstanding
39.4 42.3 
Basic earnings per share $4.50 $4.53 
Diluted earnings per share
$4.45 $4.49 
v3.25.1
Receivables, Net
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Receivables, Net RECEIVABLES, NET
The components of receivables, net of allowances for expected credit losses, are as follows:
March 31,
2025		December 31,
2024
Contracts-in-transit and vehicle receivables$564.6 $560.2 
Trade receivables163.9 168.5 
Manufacturer receivables237.0 267.1 
Other61.6 73.8 
1,027.1 1,069.6 
Less: allowances for expected credit losses(3.8)(3.3)
Receivables, net
$1,023.3 $1,066.3 
Contracts-in-transit and vehicle receivables primarily represent receivables from financial institutions for the portion of the vehicle sales price financed by our customers. Trade receivables represent amounts due for parts and services sold, excluding amounts due from manufacturers, as well as receivables from finance organizations for commissions on the sale of finance and insurance products. Manufacturer receivables represent amounts due from manufacturers for holdbacks, rebates, incentives, floorplan assistance, and warranty claims. We evaluate our receivables for collectability based on past collection experience, current information, and reasonable and supportable forecasts.
v3.25.1
Auto Loans Receivable
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Auto Loans Receivable AUTO LOANS RECEIVABLE
Auto loans receivable primarily consist of amounts due from customers related to retail vehicle sales financed through AutoNation Finance, our captive auto finance company. Auto loans receivable are presented net of an allowance for expected credit losses. Auto loans receivable represent a large group of smaller-balance homogeneous loans, which we consider to be part of one class of financing receivable and one portfolio segment for purposes of determining our allowance for expected credit losses.
Auto Loans Receivable, Net
The components of auto loans receivable, net of third -party unearned discounts and allowances for expected credit losses, at March 31, 2025, and December 31, 2024, are as follows:
March 31,
2025		December 31,
2024
Total auto loans receivable$1,451.3 $1,103.8 
Accrued interest and fees9.6 8.2 
Deferred loan origination costs4.3 4.2 
Less: unearned discounts(0.6)(4.3)
Less: allowances for expected credit losses(66.9)(54.8)
Auto loans receivable, net$1,397.7 $1,057.1 
Credit Quality
We utilize proprietary credit scoring models to rate the risk of default for customers that apply for financing by evaluating customer credit history and certain credit application information, including information such as income, collateral, and down payment. The scoring models yield credit program tiers that reflect our internal credit risk ratings and represent the relative likelihood of repayment. The assigned credit tier influences the terms of the agreement, such as the required loan-to-value ratio and interest rate. After origination, credit tier assignments by customer are generally not updated. We monitor the credit quality of the auto loans receivable on an ongoing basis and also validate the accuracy of the credit scoring models periodically. Loan performance is reviewed on a recurring basis to identify whether the assigned credit tiers adequately reflect the customers’ likelihood of repayment, and if needed, adjustments are made to the scoring models on a prospective basis.
Auto Loans Receivable by Major Credit Program
The following tables present auto loans receivable as of March 31, 2025, and December 31, 2024, disaggregated by major credit program tier, in descending order of highest likelihood of repayment:
Fiscal Year of Origination
As of March 31, 2025
Weighted Average FICO Score
20252024202320222021Prior to 2021Total
Credit Program Tier(1):
Palladium
734$164.9 $174.6 $— $— $— $— $339.5 
Rhodium
70185.7 134.8 15.2 0.1 — — 235.8 
Platinum652183.7 485.4 74.6 1.5 3.4 0.9 749.5 
Gold6249.3 60.3 22.3 0.9 6.1 1.3 100.2 
Silver5740.2 0.2 12.0 1.0 4.3 0.9 18.6 
Bronze5490.1 0.1 3.7 0.2 2.2 0.4 6.7 
Copper562— — 0.1 — 0.8 0.1 1.0 
Total auto loans receivable$443.9 $855.4 $127.9 $3.7 $16.8 $3.6 $1,451.3 
Current-period gross write-offs$0.1 $8.5 $4.5 $0.4 $1.0 $0.2 $14.7 
Fiscal Year of Origination
As of December 31, 2024
Weighted Average FICO Score
20242023202220212020
Prior to 2020
Total
Credit Program Tier(1):
Palladium
734$194.0 $— $— $— $— $— $194.0 
Rhodium
702147.6 16.9 0.1 — — — 164.6 
Platinum651525.1 82.3 1.7 4.0 1.0 0.1 614.2 
Gold62364.9 25.0 1.3 7.3 1.6 0.1 100.2 
Silver5740.3 13.4 1.2 5.4 1.2 0.1 21.6 
Bronze5510.1 4.0 0.2 2.8 0.6 — 7.7 
Copper562— 0.2 — 1.1 0.2 — 1.5 
Total auto loans receivable$932.0 $141.8 $4.5 $20.6 $4.6 $0.3 $1,103.8 
(1) Classified based on credit grade assigned when customer was initially approved for financing.
Allowance for Credit Losses
The allowance for credit losses represents the net credit losses expected over the remaining contractual life of our auto loans receivable. The allowance for credit losses is determined using a vintage-level statistical model that captures the relationship between historical changes in gross losses and the lifetime loss curves by month on book, credit tiers at origination, and seasonality, adjusted for expected recoveries based on historical recovery trends. The credit loss model also incorporates reasonable and supportable forecasts about the future utilizing a forecast of a macroeconomic variable, specifically, the change in U.S. disposable personal income, which we believe is most strongly correlated to evaluating and predicting expected credit losses of our auto loans receivable. We utilize a reasonable and supportable forecast period of one year, after which we immediately revert to historical experience.
We periodically consider whether the use of alternative variables would result in improved credit loss model accuracy and revise the model when appropriate. We also consider whether qualitative adjustments are necessary for factors that are not reflected in the quantitative methods but impact the measurement of estimated credit losses. Such adjustments include the expectations of the impact of recent economic trends on customer behavior.
The net loss estimate is calculated by applying the loss rates developed using the methods described above to the amortized cost basis of the auto loans receivable. The change in the allowance for credit losses is recognized through an adjustment to the provision for credit losses.
Rollforward of Allowance for Credit Losses
The following is a rollforward of our allowance for expected credit losses for auto loans receivable for the three months ended March 31, 2025:
Three Months Ended March 31,
20252024
Balance as of beginning of year$54.8 $46.3 
Provision for credit losses19.2 10.2 
Write-offs(14.7)(14.0)
Recoveries(1)
7.6 5.6 
Balance as of end of period
$66.9 $48.1 
(1) Includes proceeds from the recovery of vehicle collateral, net of costs incurred.
We also estimate expected credit losses related to unfunded loan commitments and record a liability within Other Current Liabilities in our Unaudited Condensed Consolidated Balance Sheet. The change in the liability is recognized through an adjustment to the provision for credit losses. The credit loss liability totaled $2.4 million at March 31, 2025 and $2.8 million at December 31, 2024.
Past Due Auto Loans Receivable
An account is considered delinquent if 95% of the required principal and interest payments have not been received as of the date such payments were due. All loans continue to accrue interest until repayment, write-off, or when a loan reaches 75 days past due. If payment is received after a loan has stopped accruing interest due to reaching 75 days past due, the loan will be deemed current and the accrual of interest resumes. When a write-off occurs, accrued interest is written off by reversing interest income. Payments received on nonaccrual assets are recorded using a combination of the cost recovery method and the cash basis method depending on whether the related loan has been written off. In general, accounts are written off on the last business day of the month during which the earliest of the following occurs: the receivable is 120 days or more delinquent as of the last business day of the month and the related vehicle has not been repossessed, the vehicle has been repossessed and liquidated, or the related vehicle has been in repossession inventory for at least 60 days. The following table presents past due auto loans receivable, as of March 31, 2025, and December 31, 2024:
Age Analysis of Past-Due Auto Loans Receivable as of
March 31,
2025		December 31,
2024
31-60 Days$21.3 $20.6 
61-90 Days5.1 5.5
Greater than 90 Days2.5 2.7
Total Past Due$28.9 $28.8 
Current1,422.4 1,075.0 
Total$1,451.3 $1,103.8 
v3.25.1
Inventory and Vehicle Floorplan Payable
 3 Months Ended
Mar. 31, 2025
Inventory And Vehicle Floorplan Payable [Abstract]  
Inventory And Vehicle Floorplan Payable INVENTORY AND VEHICLE FLOORPLAN PAYABLE
The components of inventory are as follows:
March 31,
2025		December 31,
2024
New vehicles$2,191.9 $2,341.4 
Used vehicles773.5 754.1 
Parts, accessories, and other266.2 264.5 
Inventory
$3,231.6 $3,360.0 

The components of vehicle floorplan payable are as follows:
March 31,
2025		December 31,
2024
Vehicle floorplan payable - trade$2,029.6 $2,216.2 
Vehicle floorplan payable - non-trade1,529.3 1,493.5 
Vehicle floorplan payable
$3,558.9 $3,709.7 
Vehicle floorplan payable-trade reflects amounts borrowed to finance the purchase of specific new and, to a lesser extent, used vehicle inventories with the corresponding manufacturers’ captive finance subsidiaries (“trade lenders”). Vehicle floorplan payable-non-trade represents amounts borrowed to finance the purchase of specific new and, to a lesser extent, used vehicle inventories with non-trade lenders, as well as amounts borrowed under our secured used vehicle floorplan facilities. Our service loaner inventory, which is reflected in Other Assets, is also financed with vehicle floorplan payable-trade and non-trade. Changes in vehicle floorplan payable-trade are reported as operating cash flows and changes in vehicle floorplan payable-non-trade are reported as financing cash flows in the accompanying Unaudited Condensed Consolidated Statements of Cash Flows.
Our inventory costs are generally reduced by manufacturer holdbacks, incentives, floorplan assistance, and non-reimbursement-based manufacturer advertising rebates, while the related vehicle floorplan payables are reflective of the gross cost of the vehicle. The vehicle floorplan payables, as shown in the above table, may also be higher than the inventory cost due to the timing of the sale of a vehicle and payment of the related liability.
Vehicle floorplan facilities are due on demand, but in the case of new vehicle inventories, are generally paid within several business days after the related vehicles are sold. Vehicle floorplan facilities are primarily collateralized by vehicle inventories and related receivables.
At March 31, 2025, our new vehicle floorplan facilities utilized Prime-based and SOFR-based interest rates. Our new vehicle floorplan outstanding had a weighted-average interest rate of 6.0% at March 31, 2025, and 6.1% at December 31, 2024. As of March 31, 2025, the aggregate capacity under our new vehicle floorplan facilities to finance our new vehicle inventory was approximately $4.7 billion, of which $3.0 billion had been borrowed based on the eligible new vehicle inventory that was pledged as collateral.
At March 31, 2025, our used vehicle floorplan facilities utilized Prime-based and SOFR-based interest rates. Our used vehicle floorplan outstanding had a weighted-average interest rate of 5.8% at March 31, 2025, and 5.8% at December 31, 2024. As of March 31, 2025, the aggregate capacity under our used vehicle floorplan facilities to finance a portion of our used vehicle inventory was $809.8 million, of which $531.5 million had been borrowed. The remaining borrowing capacity of $278.3 million was limited to $0.1 million based on the eligible used vehicle inventory that was pledged as collateral.
v3.25.1
Goodwill and Intangible Assets, Net
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Intangible Assets, Net GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill and intangible assets, net, consist of the following:
March 31,
2025		December 31,
2024
Goodwill
$1,452.9 

$1,452.9 
Franchise rights - indefinite-lived$923.2 $861.2 
Other intangibles68.1 68.0 
991.3 929.2 
Less: accumulated amortization(25.1)(23.3)
Other intangible assets, net$966.2 $905.9 
Goodwill for our reporting units and our franchise rights assets are tested for impairment annually as of April 30 or more frequently when events or changes in circumstances indicate that impairment may exist.
v3.25.1
Debt
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Debt DEBT
Non-Vehicle Long-Term Debt
Non-vehicle long-term debt consisted of the following:
Debt DescriptionMaturity DateInterest PayableMarch 31,
2025		December 31,
2024
4.5% Senior Notes
October 1, 2025April 1 and October 1$450.0 $450.0 
3.8% Senior Notes
November 15, 2027May 15 and November 15300.0 300.0 
1.95% Senior Notes
August 1, 2028February 1 and August 1400.0 400.0 
4.75% Senior Notes
June 1, 2030June 1 and December 1500.0 500.0 
2.4% Senior Notes
August 1, 2031February 1 and August 1450.0 450.0 
3.85% Senior Notes
March 1, 2032March 1 and September 1 700.0 700.0 
5.89% Senior Notes
March 15, 2035March 15 and September 15500.0 — 
Revolving credit facilityJuly 18, 2028Monthly— — 
Finance leases and other debt
Various dates through 2041
344.5 350.0 
3,644.5 3,150.0 
Less: unamortized debt discounts and debt issuance costs(21.8)(17.9)
Less: current maturities(518.2)(518.5)
Long-term debt, net of current maturities$3,104.5 $2,613.6 
Senior Unsecured Notes and Credit Agreement
On February 24, 2025, we issued $500.0 million aggregate principal amount of 5.89% Senior Notes due 2035, which were sold at 99.995% of the aggregate principal amount.
The interest rates payable on our 4.5% Senior Notes, 3.8% Senior Notes, and 4.75% Senior Notes are subject to adjustment upon the occurrence of certain credit rating events as provided in the indentures for these senior unsecured notes.
Under our amended and restated credit agreement, we have a $1.9 billion revolving credit facility that matures on July 18, 2028. The credit agreement also contains an accordion feature that allows us, subject to credit availability and certain other conditions, to increase the amount of the revolving credit facility, together with any added term loans, by up to $500.0 million in the aggregate. As of March 31, 2025, we had no borrowings outstanding under our revolving credit facility. We have a $200.0 million letter of credit sublimit as part of the revolving credit facility. The amount available to be borrowed under the revolving credit facility is reduced on a dollar-for-dollar basis by the cumulative amount of any outstanding letters of credit,
which was $0.8 million at March 31, 2025, leaving a borrowing capacity under our credit agreement of $1,899.2 million at March 31, 2025. As of March 31, 2025, this borrowing capacity was limited under the maximum consolidated leverage ratio contained in our credit agreement to $1,857.6 million.
Our revolving credit facility provides for a commitment fee on undrawn amounts ranging from 0.125% to 0.20% and interest on borrowings at SOFR plus a credit spread adjustment of 0.10% or the base rate, in each case plus an applicable margin. The applicable margin ranges from 1.125% to 1.50% for SOFR borrowings and 0.125% to 0.50% for base rate borrowings. The interest rate charged for our revolving credit facility is affected by our leverage ratio.
Within the meaning of Regulation S-X, Rule 3-10, AutoNation, Inc. (the parent company) has no independent assets or operations. If guarantees of our subsidiaries were to be issued under our existing registration statement, we expect that such guarantees would be full and unconditional and joint and several, and any subsidiaries other than the guarantor subsidiaries would be minor.
Other Long-Term Debt
At March 31, 2025, we had finance leases and other debt obligations of $344.5 million, which are due at various dates through 2041.
Commercial Paper
We have a commercial paper program pursuant to which we may issue short-term, unsecured commercial paper notes on a private placement basis up to a maximum aggregate amount outstanding at any time of $1.9 billion. The interest rate for the commercial paper notes varies based on duration and market conditions. The maturities of the commercial paper notes may vary, but may not exceed 397 days from the date of issuance. Proceeds from the issuance of commercial paper notes are used to repay borrowings under the revolving credit facility, to finance acquisitions, and for strategic initiatives, working capital, capital expenditures, share repurchases, and/or other general corporate purposes. We use the revolving credit facility under our credit agreement as a liquidity backstop for borrowings under the commercial paper program. A downgrade in our credit ratings could negatively impact our ability to issue, or the interest rates for, commercial paper notes.
At March 31, 2025, we had $340.0 million of commercial paper notes outstanding with a weighted-average annual interest rate of 4.8% and a weighted-average remaining term of 1 day. At December 31, 2024, we had $630.0 million of commercial paper notes outstanding with a weighted-average annual interest rate of 4.9% and a weighted-average remaining term of 9 days.
Non-Recourse Debt
Non-recourse debt relates to financed auto loans receivable of our captive auto finance company funded through a combination of warehouse facilities, asset-backed term funding transactions, and free cash flows from operations.
Non-recourse debt outstanding at March 31, 2025, and December 31, 2024, consisted of the following:
March 31,
2025		December 31, 2024
Warehouse facilities$1,060.4 $801.5 
Term securitization debt of consolidated VIEs19.9 24.7 
1,080.3 826.2 
Less: unamortized debt discounts and debt issuance costs(0.1)(0.2)
Less: current maturities (41.3)(28.3)
Non-recourse debt, net of current maturities $1,038.9 $797.7 
The timing of principal payments on the non-recourse debt is based on the timing of principal collections and defaults on the related auto loans receivable. The current portion of non-recourse debt represents the portion of the payments received from the auto loans receivable that are due to be distributed as principal payments on the non-recourse debt in the following period.
We recognize transfers of auto loans receivable into the warehouse facilities and term securitizations (together, “non-recourse debt”) as secured borrowings, which result in recording the auto loans receivable and the related non-recourse debt on our Unaudited Condensed Consolidated Balance Sheets. The non-recourse debt is structured to legally isolate the auto loans receivable, which can only be used as collateral to settle obligations of the related non-recourse debt. The term securitization trusts and investors and the creditors of the warehouse facilities have no recourse to our assets for payment of the debt beyond the related auto loan receivables, the amounts on deposit in reserve accounts, and the restricted cash from collections on auto loans receivable.
Warehouse Facilities
We have three warehouse facility agreements with certain banking institutions through wholly-owned, bankruptcy-remote, special purpose entities, primarily to finance the purchase and origination of auto loans receivable. We fund auto loans receivable through these warehouse facilities, which are secured by the eligible auto loans receivable pledged as collateral.
We generally enter into warehouse facility agreements for one-year terms and typically renew the agreements annually. At March 31, 2025, our warehouse facilities utilized SOFR-based interest rates, as well as interest rates based on a lender’s asset-backed commercial paper conduit. Our warehouse facilities had a weighted-average interest rate of 5.3% at March 31, 2025, and 5.4% at December 31, 2024. The aggregate capacities under our warehouse facilities as of March 31, 2025, were as follows:
March 31,
2025
Warehouse facilities:
August 31, 2025 expiration
$400.0 
October 1, 2025 expiration
300.0 
October 17, 2025 expiration
450.0 
Aggregate capacity $1,150.0 
Unused capacity$89.6 
The remaining borrowing capacity of $89.6 million was limited to $0.2 million based on the eligible auto loans receivable that have been pledged as collateral.
Term Securitizations
We have term securitizations that were put in place to provide long-term funding for certain auto loans receivable initially funded through the warehouse facilities. In these transactions, a pool of auto loans receivable is sold to a bankruptcy-remote, special purpose entity that, in turn, transfers the receivables to a special purpose securitization trust (“term securitization trust”). The term securitization trust issues asset-backed securities, secured or otherwise supported by the transferred receivables, and the proceeds from the sale of the asset-backed securities are used to finance the securitized receivables.
We are required to evaluate the term securitization trusts for consolidation. We retain the servicing rights for the auto loans receivable that were funded through the term securitizations. In our capacity as servicer of the underlying auto loans receivable, we have the power to direct the activities of the trusts that most significantly impact the economic performance of the trusts. In addition, we have the obligation to absorb losses (subject to limitations) and the rights to receive any returns of the trusts, which could be significant. Accordingly, we are the primary beneficiary of the trusts and are required to consolidate them.
The term securitization debt of consolidated variable interest entities (“VIEs”) consists of various notes with interest rates ranging from 2.11% to 4.45% and maturity dates ranging from April 2027 to May 2028. Term securitization debt is expected to become due and be paid prior to the final legal maturities based on amortization of the auto loans receivable pledged as collateral. The term securitization agreements require certain funds to be held in restricted cash accounts to provide additional collateral for the borrowings or to be applied to make payments on the securitization debt. Restricted cash of consolidated VIEs under the various term securitization agreements totaled $3.4 million as of March 31, 2025, and $3.4 million as of December 31, 2024, and is included in Other Current Assets and Other Assets in our Unaudited Condensed Consolidated Balance Sheets. Auto loans receivable pledged to the term securitization debt of consolidated VIEs totaled $19.7 million as of March 31, 2025, and $24.5 million as of December 31, 2024.
v3.25.1
Income Taxes
 3 Months Ended
Mar. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes INCOME TAXES
Income taxes payable included in Other Current Liabilities totaled $123.5 million and $69.0 million at March 31, 2025 and December 31, 2024, respectively.
We file income tax returns in the U.S. federal jurisdiction and various states. As a matter of course, various taxing authorities, including the IRS, regularly audit us. These audits may culminate in proposed assessments which may ultimately result in our owing additional taxes. With few exceptions, we are no longer subject to U.S. federal, state, and local income tax examinations by tax authorities for years before 2020. Currently, no tax years are under examination by the IRS and tax years from 2021 to 2022 are under examination by U.S. state jurisdictions. We believe that our tax positions comply with applicable tax law and that we have adequately provided for these matters.
It is our policy to account for interest and penalties associated with income tax obligations as a component of Income Tax Provision in the accompanying Unaudited Condensed Consolidated Statements of Income.
v3.25.1
Shareholders' Equity
 3 Months Ended
Mar. 31, 2025
Stockholders' Equity Note [Abstract]  
Shareholders' Equity SHAREHOLDERS’ EQUITY
A summary of shares repurchased under our stock repurchase program authorized by our Board of Directors follows:
Three Months Ended March 31,
 20252024
Shares repurchased (in actual number of shares)1.4 0.2 
Aggregate purchase price (1)
$224.8 $38.7 
Average purchase price per share$164.95 $158.40 
(1) Excludes the excise tax imposed under the Inflation Reduction Act of $1.8 million and $0.1 million for the three months ended March 31, 2025, and March 31, 2024, respectively.
As of March 31, 2025, $636.0 million remained available under our stock repurchase limit authorized by our Board of Directors. From April 1, 2025, through April 23, 2025, we repurchased 0.2 million shares of common stock for an aggregate purchase price of $28.9 million (average purchase price per share of $157.57).
We have 5.0 million authorized shares of preferred stock, par value $0.01 per share, none of which are issued or outstanding. The Board of Directors has the authority to issue the preferred stock in one or more series and to establish the rights, preferences, and dividends of such preferred stock.
The following table presents a summary of shares of common stock issued in connection with the settlement of RSUs, as well as shares surrendered to AutoNation to satisfy tax withholding obligations in connection with the settlement of RSUs:
Three Months Ended March 31,
(In actual number of shares)20252024
Shares issued0.3 0.3 
Shares surrendered to AutoNation to satisfy tax withholding obligations
0.1 0.1 
v3.25.1
Acquisitions and Divestitures
 3 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Acquisitions and Divestitures ACQUISITIONS AND DIVESTITURES
We purchased one Domestic store and one Import store during the three months ended March 31, 2025. We did not purchase any stores during the three months ended March 31, 2024. Acquisitions are included in the Unaudited Condensed Consolidated Financial Statements from the date of acquisition.
The acquisitions that occurred during the three months ended March 31, 2025, were not material to our financial condition or results of operations. Additionally, on a pro forma basis as if the results of these acquisitions had been included in our consolidated results for the entire three month period ended March 31, 2025, revenue and net income would not have been materially different from our reported revenue and net income for this period.
We did not divest any stores during the three months ended March 31, 2025 or 2024 .
v3.25.1
Cash Flow Information
 3 Months Ended
Mar. 31, 2025
Supplemental Cash Flow Information [Abstract]  
Cash Flow Information CASH FLOW INFORMATION
Cash, Cash Equivalents, and Restricted Cash
The total amounts presented on our statements of cash flows include cash, cash equivalents, and restricted cash. Restricted cash includes additional collateral for non-recourse debt borrowings and collections on auto loans receivable that are due to be distributed to non-recourse debt holders in the following period. The following table provides a reconciliation of cash and cash equivalents reported on our Unaudited Condensed Consolidated Balance Sheets to the total amounts reported on our Unaudited Condensed Consolidated Statements of Cash Flows:
March 31,
2025		December 31,
2024
Cash and cash equivalents $70.5 $59.8 
Restricted cash included in Other Current Assets57.0 41.7 
Restricted cash included in Other Assets1.9 1.9 
Total cash, cash equivalents, and restricted cash$129.4 $103.4 
Non-Cash Investing and Financing Activities
We had accrued purchases of property and equipment of $19.8 million at March 31, 2025, and $26.7 million at March 31, 2024.
Three Months Ended March 31,
20252024
Supplemental noncash information on adjustments to right-of-use assets, including right-of-use assets obtained in exchange for new:
Operating lease liabilities$84.0 $35.2 
Finance lease liabilities$8.9 $6.9 
Interest and Income Taxes Paid
We made interest payments, net of amounts capitalized and including interest on vehicle inventory financing, of $83.1 million during the three months ended March 31, 2025, and $86.1 million during the three months ended March 31, 2024. We made income tax payments, net of income tax refunds, of $0.7 million during the three months ended March 31, 2025, and $0.2 million during the three months ended March 31, 2024.
v3.25.1
Financial Instruments and Fair Value Measurements
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Financial Instruments and Fair Value Measurements FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS
The fair value of a financial instrument represents the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation. Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of judgment, and therefore cannot be determined with precision.
Accounting standards define fair value as the price that would be received from selling an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Accounting standards establish a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value and also establishes the following three levels of inputs that may be used to measure fair value:
Level 1Quoted prices (unadjusted) in active markets for identical assets or liabilities that a reporting entity can access at the measurement date
Level 2Inputs other than quoted prices in active markets for identical assets and liabilities that are observable either directly or indirectly
Level 3Unobservable inputs
The following methods and assumptions were used by us in estimating fair value disclosures for financial instruments:
•Cash and cash equivalents, receivables, other current assets, vehicle floorplan payable, accounts payable, other current liabilities, commercial paper, warehouse credit facilities, and variable rate debt: The amounts reported in the accompanying Unaudited Condensed Consolidated Balance Sheets approximate fair value due to their short-term nature or the existence of variable interest rates that approximate prevailing market rates.
•Auto loans receivable, net: Auto loans receivable are presented net of an allowance for expected credit losses, which we believe approximates fair value.
•Investments in Equity Securities: Our equity investments with readily determinable fair values are measured at fair value using Level 1 inputs, which totaled $8.5 million at March 31, 2025, and $20.0 million at December 31, 2024.
Our equity investments that do not have a readily determinable fair value are measured using the measurement alternative as permitted by accounting standards and were recorded at cost, to be subsequently adjusted for observable price changes. The carrying amounts of our equity investments without a readily determinable fair value totaled $49.8 million at March 31, 2025, and $49.8 million at December 31, 2024. Equity investments that do not have a readily determinable fair value reflect cumulative downward adjustments of $8.4 million and cumulative upward adjustments of $3.4 million based on observable price changes. We did not record any upward adjustments or impairments during the three months ended March 31, 2025.
Investments in equity securities are reported in Other Current Assets and Other Assets in the accompanying Unaudited Condensed Consolidated Balance Sheets. Realized and unrealized gains and losses are reported in Other Income (Loss), Net (non-operating) in the Unaudited Condensed Consolidated Statements of Income and in the “Corporate and other” category of our segment information.
Three Months Ended March 31,
20252024
Net losses recognized during the period on equity securities$(11.5)$(0.4)
Less: Net gains (losses) recognized during the period on equity securities sold during the period
— — 
Unrealized losses recognized during the reporting period on equity securities still held at the reporting date$(11.5)$(0.4)
•Fixed rate long-term debt: Our fixed rate long-term debt consists primarily of amounts outstanding under our senior unsecured notes. We estimate the fair value of our senior unsecured notes using quoted prices for the identical liability (Level 1). A summary of the aggregate carrying values and fair values of our senior unsecured notes is as follows:
March 31,
2025		December 31,
2024
Carrying value$3,278.2 $2,782.1 
Fair value$3,103.3 $2,578.6 
Nonfinancial assets such as goodwill, other intangible assets, and long-lived assets held and used, are measured at fair value when there is an indicator of impairment and recorded at fair value only when impairment is recognized or for a business combination. The fair values less costs to sell of long-lived assets and disposal groups held for sale are assessed each reporting period they remain classified as held for sale. Subsequent changes in the held for sale long-lived asset’s or disposal group’s fair value less cost to sell (increase or decrease) are reported as an adjustment to its carrying amount, except that the adjusted carrying amount cannot exceed the carrying amount of the long-lived asset or disposal group at the time it was initially classified as held for sale.
The following table presents assets measured and recorded at fair value on a nonrecurring basis during the three months ended March 31, 2025 and 2024:
20252024
DescriptionFair Value
Measurements Using Significant
Unobservable Inputs
(Level 3)		Gain/(Loss)Fair Value
Measurements Using Significant
Unobservable Inputs
(Level 3)		Gain/(Loss)
Long-lived assets held and used$— $(0.2)$— $(1.1)
Long-Lived Assets and Right-of-Use Assets
Fair value measurements for our long-lived assets and right-of-use assets are based on Level 3 inputs. Changes in fair value measurements are reviewed and assessed each quarter for properties and disposal groups classified as held for sale, or when an indicator of impairment exists for properties classified as held and used or for right-of-use assets. The valuation process is generally based on a combination of the market and replacement cost approaches. In certain cases, fair value measurements are based on pending agreements to sell the related assets.
In a market approach, we use transaction prices for comparable properties that have recently been sold. These transaction prices are adjusted for factors related to a specific property. We evaluate changes in local real estate markets, and/or recent market interest or negotiations related to a specific property. In a replacement cost approach, the cost to replace a specific long-lived asset is considered, which is adjusted for depreciation from physical deterioration, as well as functional and economic obsolescence, if present and measurable.
To validate the fair values determined under the valuation process noted above, we also obtain independent third-party appraisals for our properties and/or third-party brokers’ opinions of value, which are generally developed using the same valuation approaches described above, and we evaluate any recent negotiations or discussions with third-party real estate brokers related to a specific long-lived asset or market. 
The non-cash impairment charges related to long-lived assets held and used are included in Other Expense, Net in our
Unaudited Condensed Consolidated Statements of Income and in the “Corporate and other” category of our segment
information.
We had assets held for sale of $29.9 million as of March 31, 2025, and $23.6 million as of December 31, 2024, primarily related to inventory, goodwill, and property of disposal groups held for sale, as well as property held for sale. Assets held for sale are included in Other Current Assets in our Unaudited Condensed Consolidated Balance Sheets.
v3.25.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments And Contingencies COMMITMENTS AND CONTINGENCIES
Legal Proceedings
We are involved, and will continue to be involved, in numerous legal proceedings arising out of the conduct of our business, including litigation with customers, third-party dealers, wage and hour and other employment-related lawsuits, and actions brought by governmental authorities. Some of these lawsuits purport or may be determined to be class or collective actions and seek substantial damages or injunctive relief, or both, and some may remain unresolved for several years. We establish accruals for specific legal proceedings when it is considered probable that a loss has been incurred and the amount of the loss can be reasonably estimated. Our accruals for loss contingencies are reviewed quarterly and adjusted as additional information becomes available. We disclose the amount accrued if material or if such disclosure is necessary for our financial statements to not be misleading. If a loss is not both probable and reasonably estimable, or if an exposure to loss exists in excess of the amount accrued, we assess whether there is at least a reasonable possibility that a loss, or additional loss, may have been incurred. If there is a reasonable possibility that a loss, or additional loss, may have been incurred, we disclose the estimate of the possible loss or range of loss if it is material or a statement that such an estimate cannot be made. Our evaluation of whether a loss is reasonably possible or probable is based on our assessment and consultation with legal counsel regarding the ultimate outcome of the matter.
As of March 31, 2025 and 2024, we have accrued for the potential impact of loss contingencies that are probable and reasonably estimable, and there was no indication of a reasonable possibility that a material loss, or additional material loss,
may have been incurred. We do not believe that the ultimate resolution of these matters will have a material adverse effect on our results of operations, financial condition, or cash flows. However, the results of these matters cannot be predicted with certainty, and an unfavorable resolution of one or more of these matters could have a material adverse effect on our results of operations, financial condition, or cash flows.
Other Matters
In connection with the CDK outage previously discussed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, in the first quarter of 2025, we submitted claims under our cyber insurance policies seeking recovery for estimated business interruption and related losses caused by the CDK outage. There can be no assurance as to the amount or timing of any potential recovery in connection with the CDK outage.
AutoNation, acting through its subsidiaries, is the lessee under many real estate leases that provide for the use by our subsidiaries of their respective store premises. Pursuant to these leases, we agree to indemnify the lessor and other related parties from certain liabilities arising as a result of the use of the leased premises, including environmental liabilities, or a breach of the lease by the lessee. Additionally, from time to time, we enter into agreements with third parties in connection with the sale of assets or businesses in which we agree to indemnify the purchaser or related parties from certain liabilities or costs arising in connection with the assets or business. Also, in the ordinary course of business in connection with purchases or sales of goods and services, we enter into agreements that may contain indemnification provisions. In the event that an indemnification claim is asserted, our liability would be limited by the terms of the applicable agreement.
From time to time, primarily in connection with dispositions of automotive stores, we assign or sublet to the store purchaser our interests in any real property leases associated with such stores. In general, we retain responsibility for the performance of certain obligations under such leases to the extent that the assignee or sublessee does not perform, whether such performance is required prior to or following the assignment or subletting of the lease. Additionally, we generally remain subject to the terms of any guarantees made by us in connection with such leases. We generally have indemnification rights against the assignee or sublessee in the event of non-performance under these leases, as well as certain defenses. We presently have no reason to believe that we will be called on to perform under any such remaining assigned leases or subleases. We estimate that lessee rental payment obligations during the remaining terms of these leases with expirations ranging from 2027 to 2034 are approximately $4 million at March 31, 2025. There can be no assurance that any performance required of us under these leases would not have a material adverse effect on our business, financial condition, and cash flows.
At March 31, 2025, surety bonds, letters of credit, and cash deposits totaled $129.4 million, of which $0.8 million were letters of credit. In the ordinary course of business, we are required to post performance and surety bonds, letters of credit, and/or cash deposits as financial guarantees of our performance. We do not currently provide cash collateral for outstanding letters of credit.
In the ordinary course of business, we are subject to numerous laws and regulations, including automotive, environmental, health and safety, and other laws and regulations. We do not anticipate that the costs of compliance with such laws will have a material adverse effect on our business, results of operations, cash flows, or financial condition, although such outcome is possible given the nature of our operations and the extensive legal and regulatory framework applicable to our business. We do not have any material known environmental commitments or contingencies.
v3.25.1
Business and Credit Concentrations
 3 Months Ended
Mar. 31, 2025
Risks and Uncertainties [Abstract]  
Business And Credit Concentrations BUSINESS AND CREDIT CONCENTRATIONS
We own and operate franchised automotive stores in the United States pursuant to franchise agreements with vehicle manufacturers. During the three months ended March 31, 2025, approximately 66% of our total retail new vehicle unit sales was generated by our stores in Florida, California, and Texas.
We are subject to a concentration of risk in the event of financial distress of or other adverse event related to a major vehicle manufacturer or related lender or supplier. The core brands of vehicles that we sell, representing approximately 88% of the new vehicles that we sold during the three months ended March 31, 2025, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, Mercedes-Benz, BMW, Stellantis, and Volkswagen (including Audi and Porsche). Our business could be materially adversely impacted by a bankruptcy of or other adverse event related to a major vehicle manufacturer or related lender or supplier.
We are also subject to a concentration of risk in the event of the non-performance of third-party information technology service providers, such as the provider of our dealer management system on which we significantly rely to operate our business.
We had receivables from manufacturers or distributors of $237.0 million at March 31, 2025, and $267.1 million at December 31, 2024. Additionally, a large portion of our contracts-in-transit included in Receivables, net, in the accompanying Unaudited Condensed Consolidated Balance Sheets, are due from automotive manufacturers’ captive finance subsidiaries, which provide financing directly to our new and used vehicle customers. Concentrations of credit risk with respect to non-manufacturer trade receivables are limited due to the wide variety of customers and markets in which our products are sold as well as their dispersion across many different geographic areas in the United States. Consequently, at March 31, 2025, we do not consider AutoNation to have any significant non-manufacturer concentrations of credit risk.
v3.25.1
Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
At March 31, 2025, we had four reportable segments: (1) Domestic, (2) Import, (3) Premium Luxury, and (4) AutoNation Finance. Our Domestic segment is comprised of retail automotive franchises that sell new vehicles manufactured by Ford, General Motors, and Stellantis. Our Import segment is primarily comprised of retail automotive franchises that sell new vehicles manufactured by Toyota, Honda, Hyundai, Subaru, and Nissan. Our 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 our Domestic, Import, and Premium Luxury segments also sell used vehicles, parts and automotive services, and automotive finance and insurance products. Our AutoNation Finance segment is comprised of our captive auto finance company, which provides indirect financing to qualified retail customers on vehicles we sell.
“Corporate and other” is comprised of our non-franchised businesses, including AutoNation USA used vehicle stores, collision centers, parts distribution centers, auction operations, and our mobile automotive repair and maintenance business, all of which generate revenues but do not meet the quantitative thresholds for reportable segments, as well as unallocated corporate overhead expenses and other income items.
The reportable segments identified above are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by our chief operating decision maker (“CODM”) to allocate resources and assess performance. Our CODM for each of our reportable segments is our Chief Executive Officer. For the Domestic, Import, and Premium Luxury segments, our CODM uses Franchised Dealerships - Segment Income (defined as operating income less floorplan expense) to allocate resources to each of these segments during our annual budgeting process. Our CODM evaluates Franchised Dealerships - Segment Income actual results versus budget and prior year on a monthly basis when making decisions about allocating resources to these segments and whether to reinvest profits into each of these segments or into other parts of the Company, such as for acquisitions, strategic initiatives, or share repurchases. Our CODM also uses Franchised Dealerships - Segment Income to assess the underlying operating performance of each of these segments by comparing the results and return on investment for each of these segments.
Our CODM uses AutoNation Finance Income (Loss) to allocate capital resources to the AutoNation Finance segment in our annual budgeting process and uses that measure as a basis to evaluate the underlying operating performance of this segment by monitoring the margin between interest revenue and interest expense, credit program tier distribution, portfolio quality, and the overall performance of the loan portfolio for the segment.
The following tables provide segment revenues and segment expenses that align with the segment-level information that is regularly provided to our CODM:
Three Months Ended March 31, 2025
Domestic
Import
Premium Luxury
AutoNation Finance
Total
Revenues from external customers:(1)
Franchised dealerships
$1,717.4 $2,047.3 $2,576.5 $6,341.2 
Corporate and other
349.2 
Total consolidated revenues 6,690.4 
Less segment expenses:
Cost of sales:
New vehicle
834.6 1,004.8 1,233.7 
Used vehicle
459.0 510.1 669.0 
Parts and service
145.3 159.2 199.4 
Other
— 2.8 (0.1)
Total cost of sales
1,438.9 1,676.9 2,102.0 
Selling, general and administrative expenses:
Compensation
119.8 148.4 165.7 
Advertising
16.7 21.6 15.8 
Store overhead
45.4 53.5 75.5 
Total selling, general, and administrative expenses
181.9 223.5 257.0 
Depreciation and amortization11.0 12.0 19.9 
Floorplan interest expense
16.6 8.7 19.0 
Other income(2)
— — (0.1)
Franchised dealerships - segment income
$69.0 $126.2 $178.7 373.9 
AutoNation Finance:
Interest fee income
$41.9 
Interest expense
(13.9)
Provision for credit losses
(18.9)
Direct expenses(3)
(9.0)
AutoNation Finance income (loss)
$0.1 0.1 
Corporate and other
(84.5)
Other interest expense
(42.3)
Other income (loss), net
(13.2)
Income before income taxes
$234.0 
(1) See Note 2 of the Notes to Consolidated Financial Statements for detail of revenue by segment.
(2) Other income includes net gains on asset dispositions.
(3) Direct expenses are comprised primarily of compensation expense and loan administration costs incurred by our auto finance company.
Three Months Ended March 31, 2024
Domestic
Import
Premium Luxury
AutoNation Finance
Total
Revenues from external customers:(1)
Franchised dealerships
$1,756.7 $1,979.5 $2,414.9 $6,151.1 
Corporate and other
334.6 
Total consolidated revenues6,485.7 
Less segment expenses:
Cost of sales:
New vehicle
773.5 942.1 1,067.7 
Used vehicle
520.1 523.0 696.5 
Parts and service
168.4 150.7 197.1 
Other
— 3.0 0.1 
Total cost of sales
1,462.0 1,618.8 1,961.4 
Selling, general and administrative expenses:
Compensation
122.5 139.6 154.9 
Advertising
15.2 18.8 12.2 
Store overhead
51.2 53.8 76.5 
Total selling, general, and administrative expenses
188.9 212.2 243.6 
Depreciation and amortization11.2 10.6 19.8 
Floorplan interest expense
19.5 9.1 18.5 
Other income(2)
(0.1)— — 
Franchised dealerships - segment income
$75.2 $128.8 $171.6 375.6 
AutoNation Finance:
Interest fee income
$21.8 
Interest expense
(7.0)
Provision for credit losses
(10.2)
Direct expenses(3)
(9.6)
AutoNation Finance income (loss)
$(5.0)(5.0)
Corporate and other
(79.7)
Other interest expense
(44.6)
Other income (loss), net
7.0 
Income before income taxes
$253.3 
(1) See Note 2 of the Notes to Consolidated Financial Statements for detail of revenue by segment.
(2) Other income includes net gains on asset dispositions.
(3) Direct expenses are comprised primarily of compensation expense and loan administration costs incurred by our auto finance company.
The following table provides information about segment assets:
Segment Assets(1)
March 31, 2025December 31, 2024
Domestic
$2,269.7 $2,297.9 
Imports
$2,103.4 $2,029.8 
Premium Luxury
$3,532.3 $3,696.0 
AutoNation Finance
$1,471.0 $1,114.4 
(1) Excludes capital expenditures for active construction projects, which are reflected in segment assets upon completion of the related project.
v3.25.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Pay vs Performance Disclosure    
NET INCOME $ 175.5 $ 190.1
v3.25.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.1
Interim Financial Statements (Policies)
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
The accompanying Unaudited Condensed Consolidated Financial Statements include the accounts of AutoNation, Inc. and its subsidiaries; intercompany accounts and transactions have been eliminated. The accompanying Unaudited Condensed Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. Additionally, operating results for interim periods are not necessarily indicative of the results that can be expected for a full year. The Unaudited Condensed Consolidated Financial Statements herein should be read in conjunction with our audited Consolidated Financial Statements and notes thereto included within our most recent Annual Report on Form 10-K. These Unaudited Condensed Consolidated Financial Statements reflect, in the opinion of management, all material adjustments (which include only normal recurring adjustments) necessary to fairly state, in all material respects, our financial position and results of operations for the periods presented.
Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. In preparing these financial statements, management has made its best estimates and judgments of certain amounts included in the financial statements. We base our estimates and judgments on historical experience and other assumptions that we believe are reasonable. However, application of these accounting policies involves the exercise of judgment and use of assumptions as to future uncertainties and, as a result, actual results could differ materially from these estimates. We periodically evaluate estimates and assumptions used in the preparation of the financial statements and make changes on a prospective basis when adjustments are necessary. Such estimates and assumptions affect, among other things, our goodwill, indefinite-lived intangible asset, and long-lived asset valuations; inventory valuation; equity investment valuation; assets held for sale; assessments of variable consideration and related constraints associated with retrospective commissions; accruals for chargebacks against revenue recognized from the sale of finance and insurance products; accruals related to self-insurance programs; certain legal proceedings; assessment of the annual income tax expense; valuation of deferred income taxes and income tax contingencies; the allowance for expected credit losses; and measurement of performance-based compensation costs.
Recent Accounting Pronouncements
In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, that requires presentation of specific categories of reconciling items, as well as reconciling items that meet a quantitative threshold, in the reconciliation between the income tax provision and the income tax provision using statutory tax rates. The standard also requires disclosure of income taxes paid disaggregated by jurisdiction with separate disclosure of income taxes paid to individual jurisdictions that meet a quantitative threshold. The amendments in this accounting standard are effective for annual periods beginning after December 15, 2024, on a prospective basis. Early adoption and retrospective application are permitted. We do not expect the adoption of this accounting standard to have an impact on our consolidated financial statements, but will require certain additional disclosures.
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, that requires disclosure of the amounts of purchases of inventory, employee compensation, depreciation, and intangible asset amortization included in each relevant expense line item on the income statement. The standard also requires a qualitative description of other amounts included in each relevant expense line item on the income statement that are not separately disclosed. In addition, entities are required to disclose the nature and amount of selling expenses. The new standard is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. We do not expect the adoption of this accounting standard to have an impact on our consolidated financial statements, but will require certain additional disclosures.
Earnings Per Share Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the period, including vested restricted stock unit (“RSU”) awards. Diluted EPS is calculated using the treasury stock method by dividing net income by the weighted average number of shares outstanding, noted above, including the dilutive effect of unvested RSU awards and stock options.
Allowance for Credit Losses
The allowance for credit losses represents the net credit losses expected over the remaining contractual life of our auto loans receivable. The allowance for credit losses is determined using a vintage-level statistical model that captures the relationship between historical changes in gross losses and the lifetime loss curves by month on book, credit tiers at origination, and seasonality, adjusted for expected recoveries based on historical recovery trends. The credit loss model also incorporates reasonable and supportable forecasts about the future utilizing a forecast of a macroeconomic variable, specifically, the change in U.S. disposable personal income, which we believe is most strongly correlated to evaluating and predicting expected credit losses of our auto loans receivable. We utilize a reasonable and supportable forecast period of one year, after which we immediately revert to historical experience.
We periodically consider whether the use of alternative variables would result in improved credit loss model accuracy and revise the model when appropriate. We also consider whether qualitative adjustments are necessary for factors that are not reflected in the quantitative methods but impact the measurement of estimated credit losses. Such adjustments include the expectations of the impact of recent economic trends on customer behavior.
Impairment of Long-Lived Assets
Nonfinancial assets such as goodwill, other intangible assets, and long-lived assets held and used, are measured at fair value when there is an indicator of impairment and recorded at fair value only when impairment is recognized or for a business combination. The fair values less costs to sell of long-lived assets and disposal groups held for sale are assessed each reporting period they remain classified as held for sale. Subsequent changes in the held for sale long-lived asset’s or disposal group’s fair value less cost to sell (increase or decrease) are reported as an adjustment to its carrying amount, except that the adjusted carrying amount cannot exceed the carrying amount of the long-lived asset or disposal group at the time it was initially classified as held for sale.
v3.25.1
Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue Recognition [Abstract]  
Disaggregation of Revenue In the following tables, revenue is disaggregated by major lines of goods and services and timing of transfer of goods and services. The tables also include a reconciliation of the disaggregated revenue to reportable segment revenue.
Three Months Ended March 31, 2025
DomesticImportPremium Luxury
Corporate and other(1)
Total
Major Goods/Service Lines
New vehicle$860.2 $1,062.0 $1,325.9 $— $3,248.1 
Used vehicle486.1 546.7 712.1 177.5 1,922.4 
Parts and service269.0 318.6 424.4 152.0 1,164.0 
Finance and insurance, net101.8 118.5 114.1 18.1 352.5 
Other0.3 1.5 — 1.6 3.4 
$1,717.4 $2,047.3 $2,576.5 $349.2 $6,690.4 
Timing of Revenue Recognition
Goods and services transferred at a point in time$1,509.4 $1,790.5 $2,207.3 $245.3 $5,752.5 
Goods and services transferred over time(2)
208.0 256.8 369.2 103.9 937.9 
$1,717.4 $2,047.3 $2,576.5 $349.2 $6,690.4 
Three Months Ended March 31, 2024
DomesticImportPremium Luxury
Corporate and other(1)
Total
Major Goods/Service Lines
New vehicle$814.4 $1,006.8 $1,158.1 $— $2,979.3 
Used vehicle543.0 557.2 736.2 159.7 1,996.1 
Parts and service302.1 294.7 417.2 158.4 1,172.4 
Finance and insurance, net97.0 119.2 103.3 15.2 334.7 
Other0.2 1.6 0.1 1.3 3.2 
$1,756.7 $1,979.5 $2,414.9 $334.6 $6,485.7 
Timing of Revenue Recognition
Goods and services transferred at a point in time$1,538.3 $1,748.3 $2,057.9 $229.1 $5,573.6 
Goods and services transferred over time(2)
218.4 231.2 357.0 105.5 912.1 
$1,756.7 $1,979.5 $2,414.9 $334.6 $6,485.7 
(1) “Corporate and other” is comprised of our non-franchised businesses, including AutoNation USA used vehicle stores, collision centers, parts distribution centers, auction operations, and AutoNation Mobile Service.
(2) Represents revenue recognized during the period for automotive repair and maintenance services.
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
The following table includes estimated revenue expected to be recognized in the future related to VCP performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period:
Revenue Expected to Be Recognized by Period
TotalNext 12 Months13 - 36 Months37 - 60 Months
Revenue expected to be recognized on VCP contracts sold as of period end
$113.0 $39.7 $54.7 $18.6 
Receivables from Contracts with Customers, Contract Assets, and Contract Liabilities
The following table provides the balances of our receivables from contracts with customers and our current and long-term contract assets and contract liabilities:
March 31, 2025December 31, 2024
Receivables from contracts with customers, net$764.4 $774.0 
Contract Asset (Current)$23.0 $20.4 
Contract Asset (Long-Term)$3.5 $2.8 
Contract Liability (Current)$44.2 $43.9 
Contract Liability (Long-Term)$73.3 $72.9 
The change in the balances of our contract assets and contract liabilities primarily result from the timing differences between our performance and the customer’s payment, as well as changes in the estimated transaction price related to variable consideration for performance obligations satisfied in previous periods. The following table presents revenue recognized during the period from amounts included in the contract liability balance at the beginning of the period and adjustments to revenue related to performance obligations satisfied in previous periods:
Three Months Ended March 31,
20252024
Amounts included in contract liability at the beginning of the period$10.3 $9.8 
Performance obligations satisfied in previous periods$0.6 $0.3 
Other significant changes include contract assets reclassified to receivables of $13.2 million for the three months ended March 31, 2025, and $16.9 million for the three months ended March 31, 2024.
v3.25.1
AutoNation Finance Income (Loss) (Tables)
 3 Months Ended
Mar. 31, 2025
AutoNation Finance Income (Loss) [Abstract]  
AutoNation Finance Income (Loss) The following table presents the components of AutoNation Finance income (loss):
Three Months Ended March 31,
20252024
Interest margin:
Interest and fee income $41.9 $21.8 
Interest expense (13.9)(7.0)
Total interest margin28.0 14.8 
Provision for credit losses(18.9)(10.2)
Total interest margin after provision for loan losses
9.1 4.6 
Direct expenses(1)
(9.0)(9.6)
AutoNation Finance income (loss)
$0.1 $(5.0)
(1) Direct expenses are comprised primarily of compensation expenses and loan administration costs incurred by our auto finance company.
v3.25.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share
The following table presents the calculation of basic and diluted EPS:
Three Months Ended March 31,
 20252024
Net Income
$175.5 $190.1 
Basic weighted average common shares outstanding
39.0 42.0 
Dilutive effect of unvested RSUs and stock options0.4 0.3 
Diluted weighted average common shares outstanding
39.4 42.3 
Basic earnings per share $4.50 $4.53 
Diluted earnings per share
$4.45 $4.49 
v3.25.1
Receivables, Net (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Components Of Receivables, Net Of Allowances For Expected Credit Losses
The components of receivables, net of allowances for expected credit losses, are as follows:
March 31,
2025		December 31,
2024
Contracts-in-transit and vehicle receivables$564.6 $560.2 
Trade receivables163.9 168.5 
Manufacturer receivables237.0 267.1 
Other61.6 73.8 
1,027.1 1,069.6 
Less: allowances for expected credit losses(3.8)(3.3)
Receivables, net
$1,023.3 $1,066.3 
v3.25.1
Auto Loans Receivable (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Auto Loans Receivable
The components of auto loans receivable, net of third -party unearned discounts and allowances for expected credit losses, at March 31, 2025, and December 31, 2024, are as follows:
March 31,
2025		December 31,
2024
Total auto loans receivable$1,451.3 $1,103.8 
Accrued interest and fees9.6 8.2 
Deferred loan origination costs4.3 4.2 
Less: unearned discounts(0.6)(4.3)
Less: allowances for expected credit losses(66.9)(54.8)
Auto loans receivable, net$1,397.7 $1,057.1 
Financing Receivable Credit Quality Indicators
The following tables present auto loans receivable as of March 31, 2025, and December 31, 2024, disaggregated by major credit program tier, in descending order of highest likelihood of repayment:
Fiscal Year of Origination
As of March 31, 2025
Weighted Average FICO Score
20252024202320222021Prior to 2021Total
Credit Program Tier(1):
Palladium
734$164.9 $174.6 $— $— $— $— $339.5 
Rhodium
70185.7 134.8 15.2 0.1 — — 235.8 
Platinum652183.7 485.4 74.6 1.5 3.4 0.9 749.5 
Gold6249.3 60.3 22.3 0.9 6.1 1.3 100.2 
Silver5740.2 0.2 12.0 1.0 4.3 0.9 18.6 
Bronze5490.1 0.1 3.7 0.2 2.2 0.4 6.7 
Copper562— — 0.1 — 0.8 0.1 1.0 
Total auto loans receivable$443.9 $855.4 $127.9 $3.7 $16.8 $3.6 $1,451.3 
Current-period gross write-offs$0.1 $8.5 $4.5 $0.4 $1.0 $0.2 $14.7 
Fiscal Year of Origination
As of December 31, 2024
Weighted Average FICO Score
20242023202220212020
Prior to 2020
Total
Credit Program Tier(1):
Palladium
734$194.0 $— $— $— $— $— $194.0 
Rhodium
702147.6 16.9 0.1 — — — 164.6 
Platinum651525.1 82.3 1.7 4.0 1.0 0.1 614.2 
Gold62364.9 25.0 1.3 7.3 1.6 0.1 100.2 
Silver5740.3 13.4 1.2 5.4 1.2 0.1 21.6 
Bronze5510.1 4.0 0.2 2.8 0.6 — 7.7 
Copper562— 0.2 — 1.1 0.2 — 1.5 
Total auto loans receivable$932.0 $141.8 $4.5 $20.6 $4.6 $0.3 $1,103.8 
(1) Classified based on credit grade assigned when customer was initially approved for financing.
Financing Receivable, Allowance for Credit Loss
The following is a rollforward of our allowance for expected credit losses for auto loans receivable for the three months ended March 31, 2025:
Three Months Ended March 31,
20252024
Balance as of beginning of year$54.8 $46.3 
Provision for credit losses19.2 10.2 
Write-offs(14.7)(14.0)
Recoveries(1)
7.6 5.6 
Balance as of end of period
$66.9 $48.1 
(1) Includes proceeds from the recovery of vehicle collateral, net of costs incurred.
Financing Receivable, Past Due The following table presents past due auto loans receivable, as of March 31, 2025, and December 31, 2024:
Age Analysis of Past-Due Auto Loans Receivable as of
March 31,
2025		December 31,
2024
31-60 Days$21.3 $20.6 
61-90 Days5.1 5.5
Greater than 90 Days2.5 2.7
Total Past Due$28.9 $28.8 
Current1,422.4 1,075.0 
Total$1,451.3 $1,103.8 
v3.25.1
Inventory and Vehicle Floorplan Payable (Tables)
 3 Months Ended
Mar. 31, 2025
Inventory And Vehicle Floorplan Payable [Abstract]  
Components Of Inventory
The components of inventory are as follows:
March 31,
2025		December 31,
2024
New vehicles$2,191.9 $2,341.4 
Used vehicles773.5 754.1 
Parts, accessories, and other266.2 264.5 
Inventory
$3,231.6 $3,360.0 
Components Of Vehicle Floorplan Payable
The components of vehicle floorplan payable are as follows:
March 31,
2025		December 31,
2024
Vehicle floorplan payable - trade$2,029.6 $2,216.2 
Vehicle floorplan payable - non-trade1,529.3 1,493.5 
Vehicle floorplan payable
$3,558.9 $3,709.7 
v3.25.1
Goodwill and Intangible Assets, Net (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Intangible Assets, Net
Goodwill and intangible assets, net, consist of the following:
March 31,
2025		December 31,
2024
Goodwill
$1,452.9 

$1,452.9 
Franchise rights - indefinite-lived$923.2 $861.2 
Other intangibles68.1 68.0 
991.3 929.2 
Less: accumulated amortization(25.1)(23.3)
Other intangible assets, net$966.2 $905.9 
v3.25.1
Debt (Tables)
 3 Months Ended
Mar. 31, 2025
Debt Disclosure [Abstract]  
Long-Term Debt
Non-vehicle long-term debt consisted of the following:
Debt DescriptionMaturity DateInterest PayableMarch 31,
2025		December 31,
2024
4.5% Senior Notes
October 1, 2025April 1 and October 1$450.0 $450.0 
3.8% Senior Notes
November 15, 2027May 15 and November 15300.0 300.0 
1.95% Senior Notes
August 1, 2028February 1 and August 1400.0 400.0 
4.75% Senior Notes
June 1, 2030June 1 and December 1500.0 500.0 
2.4% Senior Notes
August 1, 2031February 1 and August 1450.0 450.0 
3.85% Senior Notes
March 1, 2032March 1 and September 1 700.0 700.0 
5.89% Senior Notes
March 15, 2035March 15 and September 15500.0 — 
Revolving credit facilityJuly 18, 2028Monthly— — 
Finance leases and other debt
Various dates through 2041
344.5 350.0 
3,644.5 3,150.0 
Less: unamortized debt discounts and debt issuance costs(21.8)(17.9)
Less: current maturities(518.2)(518.5)
Long-term debt, net of current maturities$3,104.5 $2,613.6 
Schedule of non-recourse Debt
Non-recourse debt outstanding at March 31, 2025, and December 31, 2024, consisted of the following:
March 31,
2025		December 31, 2024
Warehouse facilities$1,060.4 $801.5 
Term securitization debt of consolidated VIEs19.9 24.7 
1,080.3 826.2 
Less: unamortized debt discounts and debt issuance costs(0.1)(0.2)
Less: current maturities (41.3)(28.3)
Non-recourse debt, net of current maturities $1,038.9 $797.7 
Schedule of Warehouse Facilities The aggregate capacities under our warehouse facilities as of March 31, 2025, were as follows:
March 31,
2025
Warehouse facilities:
August 31, 2025 expiration
$400.0 
October 1, 2025 expiration
300.0 
October 17, 2025 expiration
450.0 
Aggregate capacity $1,150.0 
Unused capacity$89.6 
v3.25.1
Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2025
Stockholders' Equity Note [Abstract]  
Shares Repurchased Under Stock Repurchase Program
A summary of shares repurchased under our stock repurchase program authorized by our Board of Directors follows:
Three Months Ended March 31,
 20252024
Shares repurchased (in actual number of shares)1.4 0.2 
Aggregate purchase price (1)
$224.8 $38.7 
Average purchase price per share$164.95 $158.40 
(1) Excludes the excise tax imposed under the Inflation Reduction Act of $1.8 million and $0.1 million for the three months ended March 31, 2025, and March 31, 2024, respectively.
Shares Issued And Shares Surrendered To Satisfy Tax Withholdings In Connection With Restricted Stock Units
The following table presents a summary of shares of common stock issued in connection with the settlement of RSUs, as well as shares surrendered to AutoNation to satisfy tax withholding obligations in connection with the settlement of RSUs:
Three Months Ended March 31,
(In actual number of shares)20252024
Shares issued0.3 0.3 
Shares surrendered to AutoNation to satisfy tax withholding obligations
0.1 0.1 
v3.25.1
Cash Flow Information (Tables)
 3 Months Ended
Mar. 31, 2025
Supplemental Cash Flow Information [Abstract]  
Reconciliation of cash and cash equivalents The following table provides a reconciliation of cash and cash equivalents reported on our Unaudited Condensed Consolidated Balance Sheets to the total amounts reported on our Unaudited Condensed Consolidated Statements of Cash Flows:
March 31,
2025		December 31,
2024
Cash and cash equivalents $70.5 $59.8 
Restricted cash included in Other Current Assets57.0 41.7 
Restricted cash included in Other Assets1.9 1.9 
Total cash, cash equivalents, and restricted cash$129.4 $103.4 
Supplemental noncash information, Lessee
Three Months Ended March 31,
20252024
Supplemental noncash information on adjustments to right-of-use assets, including right-of-use assets obtained in exchange for new:
Operating lease liabilities$84.0 $35.2 
Finance lease liabilities$8.9 $6.9 
v3.25.1
Financial Instruments and Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Gains (losses) recognized related to equity investments
Three Months Ended March 31,
20252024
Net losses recognized during the period on equity securities$(11.5)$(0.4)
Less: Net gains (losses) recognized during the period on equity securities sold during the period
— — 
Unrealized losses recognized during the reporting period on equity securities still held at the reporting date$(11.5)$(0.4)
Summary Of Carrying Values And Fair Values Of Fixed Rate Debt A summary of the aggregate carrying values and fair values of our senior unsecured notes is as follows:
March 31,
2025		December 31,
2024
Carrying value$3,278.2 $2,782.1 
Fair value$3,103.3 $2,578.6 
Assets Measured and Recorded At Fair Value On A Nonrecurring Basis
The following table presents assets measured and recorded at fair value on a nonrecurring basis during the three months ended March 31, 2025 and 2024:
20252024
DescriptionFair Value
Measurements Using Significant
Unobservable Inputs
(Level 3)		Gain/(Loss)Fair Value
Measurements Using Significant
Unobservable Inputs
(Level 3)		Gain/(Loss)
Long-lived assets held and used$— $(0.2)$— $(1.1)
v3.25.1
Segment Information (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Reportable Segment Information
The following tables provide segment revenues and segment expenses that align with the segment-level information that is regularly provided to our CODM:
Three Months Ended March 31, 2025
Domestic
Import
Premium Luxury
AutoNation Finance
Total
Revenues from external customers:(1)
Franchised dealerships
$1,717.4 $2,047.3 $2,576.5 $6,341.2 
Corporate and other
349.2 
Total consolidated revenues 6,690.4 
Less segment expenses:
Cost of sales:
New vehicle
834.6 1,004.8 1,233.7 
Used vehicle
459.0 510.1 669.0 
Parts and service
145.3 159.2 199.4 
Other
— 2.8 (0.1)
Total cost of sales
1,438.9 1,676.9 2,102.0 
Selling, general and administrative expenses:
Compensation
119.8 148.4 165.7 
Advertising
16.7 21.6 15.8 
Store overhead
45.4 53.5 75.5 
Total selling, general, and administrative expenses
181.9 223.5 257.0 
Depreciation and amortization11.0 12.0 19.9 
Floorplan interest expense
16.6 8.7 19.0 
Other income(2)
— — (0.1)
Franchised dealerships - segment income
$69.0 $126.2 $178.7 373.9 
AutoNation Finance:
Interest fee income
$41.9 
Interest expense
(13.9)
Provision for credit losses
(18.9)
Direct expenses(3)
(9.0)
AutoNation Finance income (loss)
$0.1 0.1 
Corporate and other
(84.5)
Other interest expense
(42.3)
Other income (loss), net
(13.2)
Income before income taxes
$234.0 
(1) See Note 2 of the Notes to Consolidated Financial Statements for detail of revenue by segment.
(2) Other income includes net gains on asset dispositions.
(3) Direct expenses are comprised primarily of compensation expense and loan administration costs incurred by our auto finance company.
Three Months Ended March 31, 2024
Domestic
Import
Premium Luxury
AutoNation Finance
Total
Revenues from external customers:(1)
Franchised dealerships
$1,756.7 $1,979.5 $2,414.9 $6,151.1 
Corporate and other
334.6 
Total consolidated revenues6,485.7 
Less segment expenses:
Cost of sales:
New vehicle
773.5 942.1 1,067.7 
Used vehicle
520.1 523.0 696.5 
Parts and service
168.4 150.7 197.1 
Other
— 3.0 0.1 
Total cost of sales
1,462.0 1,618.8 1,961.4 
Selling, general and administrative expenses:
Compensation
122.5 139.6 154.9 
Advertising
15.2 18.8 12.2 
Store overhead
51.2 53.8 76.5 
Total selling, general, and administrative expenses
188.9 212.2 243.6 
Depreciation and amortization11.2 10.6 19.8 
Floorplan interest expense
19.5 9.1 18.5 
Other income(2)
(0.1)— — 
Franchised dealerships - segment income
$75.2 $128.8 $171.6 375.6 
AutoNation Finance:
Interest fee income
$21.8 
Interest expense
(7.0)
Provision for credit losses
(10.2)
Direct expenses(3)
(9.6)
AutoNation Finance income (loss)
$(5.0)(5.0)
Corporate and other
(79.7)
Other interest expense
(44.6)
Other income (loss), net
7.0 
Income before income taxes
$253.3 
(1) See Note 2 of the Notes to Consolidated Financial Statements for detail of revenue by segment.
(2) Other income includes net gains on asset dispositions.
(3) Direct expenses are comprised primarily of compensation expense and loan administration costs incurred by our auto finance company.
The following table provides information about segment assets:
Segment Assets(1)
March 31, 2025December 31, 2024
Domestic
$2,269.7 $2,297.9 
Imports
$2,103.4 $2,029.8 
Premium Luxury
$3,532.3 $3,696.0 
AutoNation Finance
$1,471.0 $1,114.4 
(1) Excludes capital expenditures for active construction projects, which are reflected in segment assets upon completion of the related project.
v3.25.1
Interim Financial Statements (Details)
 3 Months Ended
Mar. 31, 2025
brand
store
franchises
Product Information [Line Items]  
Owned and operated new vehicle franchises | franchises 322
Number of brands | brand 30
Percentage of new vehicle sales from core brands (percent) 88.00%
Dealerships  
Product Information [Line Items]  
Number of stores 244
Collision Centers  
Product Information [Line Items]  
Number of stores 52
AutoNation USA Stores  
Product Information [Line Items]  
Number of stores 26
Automotive Auction Operations  
Product Information [Line Items]  
Number of stores 4
Parts Distribution Centers  
Product Information [Line Items]  
Number of stores 3
v3.25.1
Revenue Recognition (Disaggregation of Revenue) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Disaggregation of Revenue [Line Items]    
Revenues $ 6,690.4 $ 6,485.7
Transferred at Point in Time    
Disaggregation of Revenue [Line Items]    
Revenues 5,752.5 5,573.6
Transferred over Time    
Disaggregation of Revenue [Line Items]    
Revenues [1] 937.9 912.1
New vehicle    
Disaggregation of Revenue [Line Items]    
Revenues 3,248.1 2,979.3
Used vehicle    
Disaggregation of Revenue [Line Items]    
Revenues 1,922.4 1,996.1
Parts and service    
Disaggregation of Revenue [Line Items]    
Revenues 1,164.0 1,172.4
Finance and insurance, net    
Disaggregation of Revenue [Line Items]    
Revenues 352.5 334.7
Other    
Disaggregation of Revenue [Line Items]    
Revenues 3.4 3.2
AN Reportable Segment, Domestic    
Disaggregation of Revenue [Line Items]    
Revenues 1,717.4 1,756.7
AN Reportable Segment, Domestic | Transferred at Point in Time    
Disaggregation of Revenue [Line Items]    
Revenues 1,509.4 1,538.3
AN Reportable Segment, Domestic | Transferred over Time    
Disaggregation of Revenue [Line Items]    
Revenues [1] 208.0 218.4
AN Reportable Segment, Domestic | New vehicle    
Disaggregation of Revenue [Line Items]    
Revenues 860.2 814.4
AN Reportable Segment, Domestic | Used vehicle    
Disaggregation of Revenue [Line Items]    
Revenues 486.1 543.0
AN Reportable Segment, Domestic | Parts and service    
Disaggregation of Revenue [Line Items]    
Revenues 269.0 302.1
AN Reportable Segment, Domestic | Finance and insurance, net    
Disaggregation of Revenue [Line Items]    
Revenues 101.8 97.0
AN Reportable Segment, Domestic | Other    
Disaggregation of Revenue [Line Items]    
Revenues 0.3 0.2
AN Reportable Segment, Import    
Disaggregation of Revenue [Line Items]    
Revenues 2,047.3 1,979.5
AN Reportable Segment, Import | Transferred at Point in Time    
Disaggregation of Revenue [Line Items]    
Revenues 1,790.5 1,748.3
AN Reportable Segment, Import | Transferred over Time    
Disaggregation of Revenue [Line Items]    
Revenues [1] 256.8 231.2
AN Reportable Segment, Import | New vehicle    
Disaggregation of Revenue [Line Items]    
Revenues 1,062.0 1,006.8
AN Reportable Segment, Import | Used vehicle    
Disaggregation of Revenue [Line Items]    
Revenues 546.7 557.2
AN Reportable Segment, Import | Parts and service    
Disaggregation of Revenue [Line Items]    
Revenues 318.6 294.7
AN Reportable Segment, Import | Finance and insurance, net    
Disaggregation of Revenue [Line Items]    
Revenues 118.5 119.2
AN Reportable Segment, Import | Other    
Disaggregation of Revenue [Line Items]    
Revenues 1.5 1.6
AN Reportable Segment, Premium Luxury    
Disaggregation of Revenue [Line Items]    
Revenues 2,576.5 2,414.9
AN Reportable Segment, Premium Luxury | Transferred at Point in Time    
Disaggregation of Revenue [Line Items]    
Revenues 2,207.3 2,057.9
AN Reportable Segment, Premium Luxury | Transferred over Time    
Disaggregation of Revenue [Line Items]    
Revenues [1] 369.2 357.0
AN Reportable Segment, Premium Luxury | New vehicle    
Disaggregation of Revenue [Line Items]    
Revenues 1,325.9 1,158.1
AN Reportable Segment, Premium Luxury | Used vehicle    
Disaggregation of Revenue [Line Items]    
Revenues 712.1 736.2
AN Reportable Segment, Premium Luxury | Parts and service    
Disaggregation of Revenue [Line Items]    
Revenues 424.4 417.2
AN Reportable Segment, Premium Luxury | Finance and insurance, net    
Disaggregation of Revenue [Line Items]    
Revenues 114.1 103.3
AN Reportable Segment, Premium Luxury | Other    
Disaggregation of Revenue [Line Items]    
Revenues 0.0 0.1
Corporate and other    
Disaggregation of Revenue [Line Items]    
Revenues [2] 349.2 334.6
Corporate and other | Transferred at Point in Time    
Disaggregation of Revenue [Line Items]    
Revenues [2] 245.3 229.1
Corporate and other | Transferred over Time    
Disaggregation of Revenue [Line Items]    
Revenues [1],[2] 103.9 105.5
Corporate and other | New vehicle    
Disaggregation of Revenue [Line Items]    
Revenues [2] 0.0 0.0
Corporate and other | Used vehicle    
Disaggregation of Revenue [Line Items]    
Revenues [2] 177.5 159.7
Corporate and other | Parts and service    
Disaggregation of Revenue [Line Items]    
Revenues [2] 152.0 158.4
Corporate and other | Finance and insurance, net    
Disaggregation of Revenue [Line Items]    
Revenues [2] 18.1 15.2
Corporate and other | Other    
Disaggregation of Revenue [Line Items]    
Revenues [2] $ 1.6 $ 1.3
[1]
(2) Represents revenue recognized during the period for automotive repair and maintenance services.
[2]
(1) “Corporate and other” is comprised of our non-franchised businesses, including AutoNation USA used vehicle stores, collision centers, parts distribution centers, auction operations, and AutoNation Mobile Service.
v3.25.1
Revenue Recognition (Estimated Revenue Expected to be Recognized In the Future) (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2025
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Vehicle maintenance program, contract term 5 years
Revenue expected to be recognized on VCP contracts sold as of period end $ 113.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue expected to be recognized on VCP contracts sold as of period end $ 39.7
Remaining performance obligation, expected timing of satisfaction, period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue expected to be recognized on VCP contracts sold as of period end $ 54.7
Remaining performance obligation, expected timing of satisfaction, period 2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue expected to be recognized on VCP contracts sold as of period end $ 18.6
Remaining performance obligation, expected timing of satisfaction, period 2 years
v3.25.1
Revenue Recognition (Contract Assets and Liabilities) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Revenue Recognition [Abstract]      
Receivables from contracts with customers, net $ 764.4   $ 774.0
Contract Asset (Current) 23.0   20.4
Contract Asset (Long-Term) 3.5   2.8
Contract Liability (Current) 44.2   43.9
Contract Liability (Long-Term) 73.3   $ 72.9
Amounts included in contract liability at the beginning of the period 10.3 $ 9.8  
Performance obligations satisfied in previous periods 0.6 0.3  
Contract assets reclassified to receivables $ 13.2 $ 16.9  
v3.25.1
AutoNation Finance Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
AutoNation Finance Income [Line Items]    
AutoNation Finance income (loss) $ 0.1 $ (5.0)
AN Reportable Segment, AN Finance    
AutoNation Finance Income [Line Items]    
Interest and fee income 41.9 21.8
Interest expense (13.9) (7.0)
Total interest margin 28.0 14.8
Provision for credit losses (18.9) (10.2)
Total interest margin after provision for loan losses 9.1 4.6
Direct expenses [1] (9.0) (9.6)
AutoNation Finance income (loss) $ 0.1 $ (5.0)
[1]
(1) Direct expenses are comprised primarily of compensation expenses and loan administration costs incurred by our auto finance company.
v3.25.1
Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Earnings Per Share [Abstract]    
NET INCOME $ 175.5 $ 190.1
Basic weighted average common shares outstanding (in shares) 39.0 42.0
Dilutive effect of unvested RSUs and stock options (in shares) 0.4 0.3
Diluted weighted average common shares outstanding (in shares) 39.4 42.3
Basic earnings per share (in dollars per share) $ 4.50 $ 4.53
Diluted earnings per share (in dollars per share) $ 4.45 $ 4.49
v3.25.1
Receivables, Net (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Receivables [Abstract]    
Contracts-in-transit and vehicle receivables $ 564.6 $ 560.2
Trade receivables 163.9 168.5
Manufacturer receivables 237.0 267.1
Other 61.6 73.8
Receivables, gross 1,027.1 1,069.6
Less: allowances for expected credit losses (3.8) (3.3)
Receivables, net $ 1,023.3 $ 1,066.3
v3.25.1
Auto Loans Receivable - Components Of Receivables, Net Of Allowances For Expected Credit Losses (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Receivables [Abstract]      
Total auto loans receivable $ 1,451.3 $ 1,103.8  
Accrued interest and fees 9.6 8.2  
Deferred loan origination costs 4.3 4.2  
Less: unearned discounts (0.6) (4.3)  
Less: allowances for expected credit losses (66.9) (54.8) $ (46.3)
Auto loans receivable, net $ 1,397.7 $ 1,057.1  
v3.25.1
Auto Loans Receivable - Financing Receivable Credit Quality Indicators (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2025
USD ($)
fICOScore
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
fICOScore
Auto Loans Receivable      
Auto loans receivable, Originated in current year $ 443.9   $ 932.0
Auto loans receivable, Originated in year before current year 855.4   141.8
Auto loans receivable, Originated two years before current year 127.9   4.5
Auto loans receivable, Originated three years before current year 3.7   20.6
Auto loans receivable, Originated four years before current year 16.8   4.6
Auto loans receivable, Originated five years or more before current year 3.6   0.3
Total auto loans receivable 1,451.3   1,103.8
Financing Receivable, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]      
Current-period gross write-offs, 2025 origination 0.1    
Current-period gross write-offs, 2024 origination 8.5    
Current-period gross write-offs, 2023 origination 4.5    
Current-period gross write-offs, 2022 origination 0.4    
Current-period gross write-offs, 2021 origination 1.0    
Current-period gross write-offs, Prior to 2021 origination 0.2    
Current-period gross write-offs 14.7 $ 14.0  
Palladium      
Auto Loans Receivable      
Auto loans receivable, Originated in current year 164.9   194.0
Auto loans receivable, Originated in year before current year 174.6   0.0
Auto loans receivable, Originated two years before current year 0.0   0.0
Auto loans receivable, Originated three years before current year 0.0   0.0
Auto loans receivable, Originated four years before current year 0.0   0.0
Auto loans receivable, Originated five years or more before current year 0.0   0.0
Total auto loans receivable $ 339.5   $ 194.0
Palladium | Weighted Average      
Auto Loans Receivable      
Auto loans receivable, FICO Score | fICOScore 734   734
Rhodium      
Auto Loans Receivable      
Auto loans receivable, Originated in current year $ 85.7   $ 147.6
Auto loans receivable, Originated in year before current year 134.8   16.9
Auto loans receivable, Originated two years before current year 15.2   0.1
Auto loans receivable, Originated three years before current year 0.1   0.0
Auto loans receivable, Originated four years before current year 0.0   0.0
Auto loans receivable, Originated five years or more before current year 0.0   0.0
Total auto loans receivable $ 235.8   $ 164.6
Rhodium | Weighted Average      
Auto Loans Receivable      
Auto loans receivable, FICO Score | fICOScore 701   702
Platinum      
Auto Loans Receivable      
Auto loans receivable, Originated in current year $ 183.7   $ 525.1
Auto loans receivable, Originated in year before current year 485.4   82.3
Auto loans receivable, Originated two years before current year 74.6   1.7
Auto loans receivable, Originated three years before current year 1.5   4.0
Auto loans receivable, Originated four years before current year 3.4   1.0
Auto loans receivable, Originated five years or more before current year 0.9   0.1
Total auto loans receivable $ 749.5   $ 614.2
Platinum | Weighted Average      
Auto Loans Receivable      
Auto loans receivable, FICO Score | fICOScore 652   651
Gold      
Auto Loans Receivable      
Auto loans receivable, Originated in current year $ 9.3   $ 64.9
Auto loans receivable, Originated in year before current year 60.3   25.0
Auto loans receivable, Originated two years before current year 22.3   1.3
Auto loans receivable, Originated three years before current year 0.9   7.3
Auto loans receivable, Originated four years before current year 6.1   1.6
Auto loans receivable, Originated five years or more before current year 1.3   0.1
Total auto loans receivable $ 100.2   $ 100.2
Gold | Weighted Average      
Auto Loans Receivable      
Auto loans receivable, FICO Score | fICOScore 624   623
Silver      
Auto Loans Receivable      
Auto loans receivable, Originated in current year $ 0.2   $ 0.3
Auto loans receivable, Originated in year before current year 0.2   13.4
Auto loans receivable, Originated two years before current year 12.0   1.2
Auto loans receivable, Originated three years before current year 1.0   5.4
Auto loans receivable, Originated four years before current year 4.3   1.2
Auto loans receivable, Originated five years or more before current year 0.9   0.1
Total auto loans receivable $ 18.6   $ 21.6
Silver | Weighted Average      
Auto Loans Receivable      
Auto loans receivable, FICO Score | fICOScore 574   574
Bronze      
Auto Loans Receivable      
Auto loans receivable, Originated in current year $ 0.1   $ 0.1
Auto loans receivable, Originated in year before current year 0.1   4.0
Auto loans receivable, Originated two years before current year 3.7   0.2
Auto loans receivable, Originated three years before current year 0.2   2.8
Auto loans receivable, Originated four years before current year 2.2   0.6
Auto loans receivable, Originated five years or more before current year 0.4   0.0
Total auto loans receivable $ 6.7   $ 7.7
Bronze | Weighted Average      
Auto Loans Receivable      
Auto loans receivable, FICO Score | fICOScore 549   551
Copper      
Auto Loans Receivable      
Auto loans receivable, Originated in current year $ 0.0   $ 0.0
Auto loans receivable, Originated in year before current year 0.0   0.2
Auto loans receivable, Originated two years before current year 0.1   0.0
Auto loans receivable, Originated three years before current year 0.0   1.1
Auto loans receivable, Originated four years before current year 0.8   0.2
Auto loans receivable, Originated five years or more before current year 0.1   0.0
Total auto loans receivable $ 1.0   $ 1.5
Copper | Weighted Average      
Auto Loans Receivable      
Auto loans receivable, FICO Score | fICOScore 562   562
v3.25.1
Auto Loans Receivable - Financing Receivable, Allowance for Credit Loss (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Roll Forward]      
Balance as of beginning of year $ 54.8 $ 46.3  
Provision for credit losses 19.2 10.2  
Write-offs (14.7) (14.0)  
Recoveries [1] 7.6 5.6  
Balance as of end of period 66.9 $ 48.1  
Unfunded Loan Commitment      
Financing Receivable, Past Due [Line Items]      
Credit loss liability, current $ 2.4   $ 2.8
[1]
(1) Includes proceeds from the recovery of vehicle collateral, net of costs incurred.
v3.25.1
Auto Loans Receivable - Financing Receivable, Past Due (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Financing Receivable, Past Due [Line Items]    
Total auto loans receivable $ 1,451.3 $ 1,103.8
Total Past Due    
Financing Receivable, Past Due [Line Items]    
Total auto loans receivable 28.9 28.8
31-60 Days    
Financing Receivable, Past Due [Line Items]    
Total auto loans receivable 21.3 20.6
61-90 Days    
Financing Receivable, Past Due [Line Items]    
Total auto loans receivable 5.1 5.5
Greater than 90 Days    
Financing Receivable, Past Due [Line Items]    
Total auto loans receivable 2.5 2.7
Current    
Financing Receivable, Past Due [Line Items]    
Total auto loans receivable $ 1,422.4 $ 1,075.0
v3.25.1
Inventory and Vehicle Floorplan Payable (Components Of Inventory) (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Inventory [Line Items]    
Inventory $ 3,231.6 $ 3,360.0
New vehicle    
Inventory [Line Items]    
Inventory 2,191.9 2,341.4
Used vehicle    
Inventory [Line Items]    
Inventory 773.5 754.1
Parts and service    
Inventory [Line Items]    
Inventory $ 266.2 $ 264.5
v3.25.1
Inventory and Vehicle Floorplan Payable (Components Of Vehicle Floorplan Payable) (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Floorplan Payable [Line Items]    
Vehicle floorplan payable $ 3,558.9 $ 3,709.7
Trade    
Floorplan Payable [Line Items]    
Vehicle floorplan payable 2,029.6 2,216.2
Non-Trade    
Floorplan Payable [Line Items]    
Vehicle floorplan payable $ 1,529.3 $ 1,493.5
v3.25.1
Inventory and Vehicle Floorplan Payable (Narrative) (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Floorplan Payable [Line Items]    
Vehicle floorplan facilities, amount outstanding $ 3,558.9 $ 3,709.7
Used vehicle floorplan facilities, unused borrowing capacity $ 278.3  
New Vehicle Floorplan Facilities    
Floorplan Payable [Line Items]    
Vehicle floorplan facilities, weighted-average interest rate (percent) 6.00% 6.10%
Vehicle floorplan facilities, maximum borrowing capacity $ 4,700.0  
Vehicle floorplan facilities, amount outstanding $ 3,000.0  
Used Vehicle Floorplan Facilities    
Floorplan Payable [Line Items]    
Vehicle floorplan facilities, weighted-average interest rate (percent) 5.80% 5.80%
Vehicle floorplan facilities, maximum borrowing capacity $ 809.8  
Vehicle floorplan facilities, amount outstanding 531.5  
Used vehicle floorplan facilities, remaining borrowing capacity $ 0.1  
v3.25.1
Goodwill and Intangible Assets, Net (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]    
Goodwill $ 1,452.9 $ 1,452.9
Franchise rights - indefinite-lived 923.2 861.2
Other intangibles 68.1 68.0
Other intangible assets, gross 991.3 929.2
Less: accumulated amortization (25.1) (23.3)
Other intangible assets, net $ 966.2 $ 905.9
v3.25.1
Debt (Long-Term Debt) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Less: current maturities $ (518.2) $ (518.5)
Long-term debt, net of current maturities 3,104.5 2,613.6
Recourse    
Long-term debt 3,644.5 3,150.0
Less: unamortized debt discounts and debt issuance costs (21.8) (17.9)
Less: current maturities (518.2) (518.5)
Long-term debt, net of current maturities $ 3,104.5 2,613.6
Recourse | 4.5% Senior Notes | Senior Notes    
Percentage interest on debt instrument 4.50%  
Maturity Date Oct. 01, 2025  
Senior notes $ 450.0 450.0
Recourse | 3.8% Senior Notes | Senior Notes    
Percentage interest on debt instrument 3.80%  
Maturity Date Nov. 15, 2027  
Senior notes $ 300.0 300.0
Recourse | 1.95% Senior Notes | Senior Notes    
Percentage interest on debt instrument 1.95%  
Maturity Date Aug. 01, 2028  
Senior notes $ 400.0 400.0
Recourse | 4.75% Senior Notes | Senior Notes    
Percentage interest on debt instrument 4.75%  
Maturity Date Jun. 01, 2030  
Senior notes $ 500.0 500.0
Recourse | 2.4% Senior Notes | Senior Notes    
Percentage interest on debt instrument 2.40%  
Maturity Date Aug. 01, 2031  
Senior notes $ 450.0 450.0
Recourse | 3.85% Senior Notes | Senior Notes    
Percentage interest on debt instrument 3.85%  
Maturity Date Mar. 01, 2032  
Senior notes $ 700.0 700.0
Recourse | 5.89% Senior Notes | Senior Notes    
Percentage interest on debt instrument 5.89%  
Maturity Date Mar. 15, 2035  
Senior notes $ 500.0 0.0
Recourse | Revolving Credit Facility Due 2028    
Revolving credit facility $ 0.0 0.0
Recourse | Revolving Credit Facility Due 2028 | Line of Credit    
Maturity Date Jul. 18, 2028  
Recourse | Other Debt    
Finance leases and other debt $ 344.5 $ 350.0
v3.25.1
Long-Term Debt And Commercial Paper (Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Feb. 24, 2025
Debt Instrument [Line Items]      
Letters of credit, amount outstanding $ 0.8    
Commercial paper, maximum aggregate amount outstanding permitted 1,900.0    
Commercial paper, amount outstanding $ 340.0 $ 630.0  
Commercial Paper      
Debt Instrument [Line Items]      
Weighted-average annual interest rate 4.80% 4.90%  
Maximum | Commercial Paper      
Debt Instrument [Line Items]      
Maturity period of debt 397 days    
Weighted Average | Commercial Paper      
Debt Instrument [Line Items]      
Maturity period of debt 1 day 9 days  
Revolving Credit Facility Due 2028      
Debt Instrument [Line Items]      
Maximum borrowing capacity under revolving credit facility $ 1,900.0    
Additional borrowing capacity under accordion feature of revolving credit facility 500.0    
Revolving credit facilities letter of credit sublimit 200.0    
Unused capacity 1,899.2    
Remaining borrowing capacity $ 1,857.6    
Revolving Credit Facility Due 2028 | Secured Overnight Financing Rate (SOFR)      
Debt Instrument [Line Items]      
Credit spread adjustment on SOFR borrowings under our revolving credit facility 0.10%    
Revolving Credit Facility Due 2028 | Minimum      
Debt Instrument [Line Items]      
Commitment fee on undrawn amounts (percent) 0.125%    
Revolving Credit Facility Due 2028 | Maximum      
Debt Instrument [Line Items]      
Commitment fee on undrawn amounts (percent) 0.20%    
Line of Credit | Revolving Credit Facility Due 2028 | Minimum | Secured Overnight Financing Rate (SOFR)      
Debt Instrument [Line Items]      
Basis spread on variable interest rates (percent) 1.125%    
Line of Credit | Revolving Credit Facility Due 2028 | Minimum | Base Rate      
Debt Instrument [Line Items]      
Basis spread on variable interest rates (percent) 0.125%    
Line of Credit | Revolving Credit Facility Due 2028 | Maximum | Secured Overnight Financing Rate (SOFR)      
Debt Instrument [Line Items]      
Basis spread on variable interest rates (percent) 1.50%    
Line of Credit | Revolving Credit Facility Due 2028 | Maximum | Base Rate      
Debt Instrument [Line Items]      
Basis spread on variable interest rates (percent) 0.50%    
Recourse | Revolving Credit Facility Due 2028      
Debt Instrument [Line Items]      
Revolving credit facility, amount outstanding $ 0.0 $ 0.0  
Recourse | Other Debt      
Debt Instrument [Line Items]      
Finance leases and other debt obligations included in long-term debt $ 344.5 $ 350.0  
Recourse | Senior Notes | 5.89% Senior Notes      
Debt Instrument [Line Items]      
Aggregate principal amount     $ 500.0
Percentage interest on debt instrument 5.89%    
Senior notes, aggregate offering price percentage     99.995%
Maturity Date Mar. 15, 2035    
Recourse | Line of Credit | Revolving Credit Facility Due 2028      
Debt Instrument [Line Items]      
Maturity Date Jul. 18, 2028    
v3.25.1
Debt (Non-Recourse Debt) (Details)
$ in Millions
Mar. 31, 2025
USD ($)
numberOfAgreement
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]    
Less: current maturities $ (41.3) $ (28.3)
Non-recourse debt, net of current maturities $ 1,038.9 797.7
Number of warehouse facility agreements | numberOfAgreement 3  
Restricted cash included in Other Current Assets $ 57.0 41.7
Auto loans receivable 1,451.3 1,103.8
Variable Interest Entity, Primary Beneficiary | Asset Pledged as Collateral    
Debt Instrument [Line Items]    
Restricted cash included in Other Current Assets 3.4 3.4
Auto loans receivable 19.7 24.5
Nonrecourse    
Debt Instrument [Line Items]    
Non-recourse debt 1,080.3 826.2
Less: unamortized debt discounts and debt issuance costs (0.1) (0.2)
Less: current maturities (41.3) (28.3)
Non-recourse debt, net of current maturities 1,038.9 797.7
Nonrecourse | Warehouse facilities    
Debt Instrument [Line Items]    
Non-recourse debt $ 1,060.4 $ 801.5
Weighted-average annual interest rate 5.30% 5.40%
Aggregate capacity $ 1,150.0  
Unused capacity 89.6  
Remaining borrowing capacity 0.2  
Nonrecourse | Warehouse Facility One    
Debt Instrument [Line Items]    
Aggregate capacity 400.0  
Nonrecourse | Warehouse Facility Two    
Debt Instrument [Line Items]    
Aggregate capacity 300.0  
Nonrecourse | Warehouse Facility Three    
Debt Instrument [Line Items]    
Aggregate capacity 450.0  
Nonrecourse | Term securitization debt | Variable Interest Entity, Primary Beneficiary    
Debt Instrument [Line Items]    
Non-recourse debt $ 19.9 $ 24.7
Nonrecourse | Term securitization debt | Variable Interest Entity, Primary Beneficiary | Minimum    
Debt Instrument [Line Items]    
Percentage interest on debt instrument 2.11%  
Nonrecourse | Term securitization debt | Variable Interest Entity, Primary Beneficiary | Maximum    
Debt Instrument [Line Items]    
Percentage interest on debt instrument 4.45%  
v3.25.1
Income Taxes (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Income Tax Disclosure [Abstract]    
Income taxes payable $ 123.5 $ 69.0
v3.25.1
Shareholders' Equity (Shares Repurchased Under Stock Repurchase Program) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 1 Months Ended 3 Months Ended
Apr. 23, 2025
Mar. 31, 2025
Mar. 31, 2024
Class of Stock [Line Items]      
Aggregate purchase price   $ 226.6 $ 38.8
Excise tax accrual on share repurchases   $ 1.8 $ 0.1
Stock Repurchase Program Board Authorized Repurchases      
Class of Stock [Line Items]      
Shares repurchased (in shares)   1.4 0.2
Aggregate purchase price [1]   $ 224.8 $ 38.7
Average purchase price per share (in dollars per share)   $ 164.95 $ 158.40
Remaining amount available for share repurchase   $ 636.0  
Stock Repurchase Program Board Authorized Repurchases | Subsequent Event      
Class of Stock [Line Items]      
Shares repurchased (in shares) 0.2    
Aggregate purchase price $ 28.9    
Average purchase price per share (in dollars per share) $ 157.57    
[1]
(1) Excludes the excise tax imposed under the Inflation Reduction Act of $1.8 million and $0.1 million for the three months ended March 31, 2025, and March 31, 2024, respectively.
v3.25.1
Shareholders' Equity (Preferred Stock) (Details)
Mar. 31, 2025
$ / shares
shares
Equity [Abstract]  
Preferred stock authorized (in shares) 5,000,000.0
Preferred stock, par value (in dollars per share) | $ / shares $ 0.01
Preferred stock issued (in shares) 0
v3.25.1
Shareholders' Equity (Shares Issued And Shares Surrendered To Satisfy Tax Withholdings In Connection With Restricted Stock Units) (Details) - Restricted Stock Units (RSUs) - shares
shares in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Shares issued (in shares) 0.3 0.3
Shares surrendered to AutoNation to satisfy tax withholding obligations (in shares) 0.1 0.1
v3.25.1
Acquisitions and Divestitures (Details)
 3 Months Ended
Mar. 31, 2025
store
Domestic Stores Acquired  
Business Acquisition [Line Items]  
Number of businesses acquired 1
Import Stores Acquired  
Business Acquisition [Line Items]  
Number of businesses acquired 1
v3.25.1
Cash Flow Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Supplemental Cash Flow Information [Abstract]        
Cash and cash equivalents $ 70.5   $ 59.8  
Restricted cash included in Other Current Assets 57.0   41.7  
Restricted cash included in Other Assets 1.9   1.9  
Total cash, cash equivalents, and restricted cash 129.4 $ 81.1 $ 103.4 $ 77.0
Accrued purchases of property and equipment 19.8 26.7    
Adjustments to right-of-use assets including right-of-use assets obtained in exchange for new operating lease liabilities 84.0 35.2    
Adjustments to right-of-use assets including right-of-use assets obtained in exchange for new finance lease liabilities 8.9 6.9    
Interest payments, net of amounts capitalized and including interest on vehicle inventory financing 83.1 86.1    
Income tax payments, net of income tax refunds $ 0.7 $ 0.2    
v3.25.1
Financial Instruments and Fair Value Measurements (Summary Of Carrying Values and Fair Values Of Fixed Rate Debt) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Equity investments with readily determinable fair values $ 8.5   $ 20.0
Net losses recognized during the period on equity securities (11.5) $ (0.4)  
Less: Net gains (losses) recognized during the period on equity securities sold during the period 0.0 0.0  
Unrealized losses recognized during the reporting period on equity securities still held at the reporting date (11.5) $ (0.4)  
Carrying value | Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fixed rate debt 3,278.2   2,782.1
Fair value | Senior Notes      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Fixed rate debt 3,103.3   2,578.6
Nonrecurring Basis      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Equity investment without readily determinable fair value, cumulative downward adjustment 8.4    
Equity investment without readily determinable fair value, cumulative upward adjustment 3.4    
Nonrecurring Basis | Carrying value      
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]      
Equity investment without readily determinable fair value $ 49.8   $ 49.8
v3.25.1
Financial Instruments and Fair Value Measurements (Assets Measured on a Nonrecurring Basis) (Details) - Nonrecurring Basis - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Gain/(Loss) on assets held and used $ (0.2) $ (1.1)
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Long-lived assets held and used $ 0.0 $ 0.0
v3.25.1
Financial Instruments and Fair Value Measurements (Narrative) (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Carrying value | Continuing Operations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Assets held for sale $ 29.9 $ 23.6
v3.25.1
Commitments and Contingencies (Details)
$ in Millions
Mar. 31, 2025
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
Guarantor obligations, maximum exposure $ 4.0
Total surety bonds, letters of credit, and cash deposits 129.4
Letters of credit, amount outstanding $ 0.8
v3.25.1
Business and Credit Concentrations (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Risks and Uncertainties [Abstract]    
Percentage of total retail new vehicle unit sales from stores located in Florida, Texas and California 66.00%  
Percentage of new vehicle sales from core brands (percent) 88.00%  
Manufacturer receivables $ 237.0 $ 267.1
v3.25.1
Segment Information (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2025
USD ($)
segments
Mar. 31, 2024
USD ($)
Dec. 31, 2024
USD ($)
Segment Reporting Information [Line Items]      
Number of reportable segments | segments 4    
Revenues from external customers $ 6,690.4 $ 6,485.7  
Cost of sales:      
Total cost of sales 5,470.5 5,287.8  
Selling, general and administrative expenses:      
Total selling, general, and administrative expenses 821.9 793.1  
Depreciation and amortization 61.8 58.3  
Floorplan interest expense 46.5 49.4  
AutoNation Finance:      
AutoNation Finance income (loss) 0.1 (5.0)  
Corporate and other (84.5) (79.7)  
Other interest expense (42.3) (44.6)  
Other income (loss), net (13.2) 7.0  
INCOME BEFORE INCOME TAXES 234.0 253.3  
Segment assets 13,325.6   $ 13,001.7
New vehicle      
Segment Reporting Information [Line Items]      
Revenues from external customers 3,248.1 2,979.3  
Cost of sales:      
Total cost of sales 3,073.2 2,783.4  
Used vehicle      
Segment Reporting Information [Line Items]      
Revenues from external customers 1,922.4 1,996.1  
Cost of sales:      
Total cost of sales 1,797.9 1,884.6  
Parts and service      
Segment Reporting Information [Line Items]      
Revenues from external customers 1,164.0 1,172.4  
Cost of sales:      
Total cost of sales 596.3 616.6  
Other      
Segment Reporting Information [Line Items]      
Revenues from external customers 3.4 3.2  
Cost of sales:      
Total cost of sales 3.1 3.2  
AN Reportable Segments      
Segment Reporting Information [Line Items]      
Revenues from external customers 6,341.2 6,151.1  
AN Reportable Segment, Domestic      
Segment Reporting Information [Line Items]      
Revenues from external customers 1,717.4 1,756.7  
AN Reportable Segment, Domestic | New vehicle      
Segment Reporting Information [Line Items]      
Revenues from external customers 860.2 814.4  
AN Reportable Segment, Domestic | Used vehicle      
Segment Reporting Information [Line Items]      
Revenues from external customers 486.1 543.0  
AN Reportable Segment, Domestic | Parts and service      
Segment Reporting Information [Line Items]      
Revenues from external customers 269.0 302.1  
AN Reportable Segment, Domestic | Other      
Segment Reporting Information [Line Items]      
Revenues from external customers 0.3 0.2  
AN Reportable Segment, Import      
Segment Reporting Information [Line Items]      
Revenues from external customers 2,047.3 1,979.5  
AN Reportable Segment, Import | New vehicle      
Segment Reporting Information [Line Items]      
Revenues from external customers 1,062.0 1,006.8  
AN Reportable Segment, Import | Used vehicle      
Segment Reporting Information [Line Items]      
Revenues from external customers 546.7 557.2  
AN Reportable Segment, Import | Parts and service      
Segment Reporting Information [Line Items]      
Revenues from external customers 318.6 294.7  
AN Reportable Segment, Import | Other      
Segment Reporting Information [Line Items]      
Revenues from external customers 1.5 1.6  
AN Reportable Segment, Premium Luxury      
Segment Reporting Information [Line Items]      
Revenues from external customers 2,576.5 2,414.9  
AN Reportable Segment, Premium Luxury | New vehicle      
Segment Reporting Information [Line Items]      
Revenues from external customers 1,325.9 1,158.1  
AN Reportable Segment, Premium Luxury | Used vehicle      
Segment Reporting Information [Line Items]      
Revenues from external customers 712.1 736.2  
AN Reportable Segment, Premium Luxury | Parts and service      
Segment Reporting Information [Line Items]      
Revenues from external customers 424.4 417.2  
AN Reportable Segment, Premium Luxury | Other      
Segment Reporting Information [Line Items]      
Revenues from external customers 0.0 0.1  
AN Reportable Segment, AN Finance      
AutoNation Finance:      
Interest and fee income 41.9 21.8  
Interest expense (13.9) (7.0)  
Provision for credit losses (18.9) (10.2)  
Direct expenses [1] (9.0) (9.6)  
AutoNation Finance income (loss) 0.1 (5.0)  
Operating Segments | AN Reportable Segment, Franchised Dealerships      
Selling, general and administrative expenses:      
Franchised dealerships - segment income 373.9 375.6  
Operating Segments | AN Reportable Segment, Domestic      
Segment Reporting Information [Line Items]      
Revenues from external customers 1,717.4 1,756.7  
Cost of sales:      
Total cost of sales 1,438.9 1,462.0  
Selling, general and administrative expenses:      
Compensation 119.8 122.5  
Advertising 16.7 15.2  
Store overhead 45.4 51.2  
Total selling, general, and administrative expenses 181.9 188.9  
Depreciation and amortization 11.0 11.2  
Floorplan interest expense 16.6 19.5  
Other income [2] 0.0 (0.1)  
Franchised dealerships - segment income 69.0 75.2  
AutoNation Finance:      
Segment assets [3] 2,269.7   2,297.9
Operating Segments | AN Reportable Segment, Domestic | New vehicle      
Cost of sales:      
Total cost of sales 834.6 773.5  
Operating Segments | AN Reportable Segment, Domestic | Used vehicle      
Cost of sales:      
Total cost of sales 459.0 520.1  
Operating Segments | AN Reportable Segment, Domestic | Parts and service      
Cost of sales:      
Total cost of sales 145.3 168.4  
Operating Segments | AN Reportable Segment, Domestic | Other      
Cost of sales:      
Total cost of sales 0.0 0.0  
Operating Segments | AN Reportable Segment, Import      
Segment Reporting Information [Line Items]      
Revenues from external customers 2,047.3 1,979.5  
Cost of sales:      
Total cost of sales 1,676.9 1,618.8  
Selling, general and administrative expenses:      
Compensation 148.4 139.6  
Advertising 21.6 18.8  
Store overhead 53.5 53.8  
Total selling, general, and administrative expenses 223.5 212.2  
Depreciation and amortization 12.0 10.6  
Floorplan interest expense 8.7 9.1  
Other income [2] 0.0 0.0  
Franchised dealerships - segment income 126.2 128.8  
AutoNation Finance:      
Segment assets [3] 2,103.4   2,029.8
Operating Segments | AN Reportable Segment, Import | New vehicle      
Cost of sales:      
Total cost of sales 1,004.8 942.1  
Operating Segments | AN Reportable Segment, Import | Used vehicle      
Cost of sales:      
Total cost of sales 510.1 523.0  
Operating Segments | AN Reportable Segment, Import | Parts and service      
Cost of sales:      
Total cost of sales 159.2 150.7  
Operating Segments | AN Reportable Segment, Import | Other      
Cost of sales:      
Total cost of sales 2.8 3.0  
Operating Segments | AN Reportable Segment, Premium Luxury      
Segment Reporting Information [Line Items]      
Revenues from external customers 2,576.5 2,414.9  
Cost of sales:      
Total cost of sales 2,102.0 1,961.4  
Selling, general and administrative expenses:      
Compensation 165.7 154.9  
Advertising 15.8 12.2  
Store overhead 75.5 76.5  
Total selling, general, and administrative expenses 257.0 243.6  
Depreciation and amortization 19.9 19.8  
Floorplan interest expense 19.0 18.5  
Other income [2] (0.1) 0.0  
Franchised dealerships - segment income 178.7 171.6  
AutoNation Finance:      
Segment assets [3] 3,532.3   3,696.0
Operating Segments | AN Reportable Segment, Premium Luxury | New vehicle      
Cost of sales:      
Total cost of sales 1,233.7 1,067.7  
Operating Segments | AN Reportable Segment, Premium Luxury | Used vehicle      
Cost of sales:      
Total cost of sales 669.0 696.5  
Operating Segments | AN Reportable Segment, Premium Luxury | Parts and service      
Cost of sales:      
Total cost of sales 199.4 197.1  
Operating Segments | AN Reportable Segment, Premium Luxury | Other      
Cost of sales:      
Total cost of sales (0.1) 0.1  
Operating Segments | AN Reportable Segment, AN Finance      
AutoNation Finance:      
Interest and fee income 41.9 21.8  
Interest expense (13.9) (7.0)  
Provision for credit losses (18.9) (10.2)  
Direct expenses [4] (9.0) (9.6)  
AutoNation Finance income (loss) 0.1 (5.0)  
Segment assets [3] 1,471.0   $ 1,114.4
Corporate and other      
Segment Reporting Information [Line Items]      
Revenues from external customers $ 349.2 $ 334.6  
[1]
(1) Direct expenses are comprised primarily of compensation expenses and loan administration costs incurred by our auto finance company.
[2]
(2) Other income includes net gains on asset dispositions.
[3]
(1) Excludes capital expenditures for active construction projects, which are reflected in segment assets upon completion of the related project.
[4]
(3) Direct expenses are comprised primarily of compensation expense and loan administration costs incurred by our auto finance company.