Feed / AN

AutoNation, Inc.

AN

Consumer Cyclical · 203.29 -1.6% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

AutoNation, Inc.'s current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 4 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.

What changed
  • Net income increased 17.0% versus the comparable filing period.
  • Revenue decreased 2.1% versus the comparable filing period.
Company-1.6% todayVolume comparison unavailable
Market group0 of 4 activeAuto Dealerships · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
  • Company reports decreased same-store new vehicle unit volume, citing prior-year accelerated consumer demand after tariff-related announcements and lower EV volume partly due to phasing out of EV tax credits.
  • Reported change in new vehicle floorplan interest expense and net new vehicle inventory carrying expense driven by lower average interest rates partially offset by higher floorplan balances.

Invalidation: The isolated read changes if AN's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Consumer Cyclical · Auto & Truck Dealerships

The latest filing evidence is available. 0 of 4 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.

Evidence that supports
  • Net income increased 17.0% versus the comparable filing period.
Evidence that challenges
  • Revenue decreased 2.1% versus the comparable filing period.
  • Operating cash flow covered only 0.11x net income.
What would clarify the read
  • Company reports decreased same-store new vehicle unit volume, citing prior-year accelerated consumer demand after tariff-related announcements and lower EV volume partly due to phasing out of EV tax credits.
  • Reported change in new vehicle floorplan interest expense and net new vehicle inventory carrying expense driven by lower average interest rates partially offset by higher floorplan balances.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements266
Verified relationships12
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Operating cash flow was only 0.17x net income in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 5 filings.
  • Demand and volume has repeated adverse evidence across 4 filings.
  • Tariffs and trade policy has repeated adverse evidence across 3 filings.
Questions before a position
  • EV/sales is 71% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

203.29
6m+10.1%12m-8.9%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$25.8B+26.7%$18.31-15.4%
2022-12-31$27.0B+4.4%$24.29-24.4%
2023-12-31$26.9B-0.1%$22.74-20.8%
2024-12-31$26.8B-0.7%$16.92-8.9%
2025-12-31$27.6B+3.2%$17.04-6.8%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesnegative · 5 filings
The interest coverage ratio is a contractually defined amount reflecting a measure of earnings divided by certain interest expense principally associated with vehicle floorplan payable and non-vehicle debt.
10-Q · Jul 31, 2026
Demand and volumenegative · 4 filings
The increases in Premium Luxury revenue were partially offset by a decrease in new vehicle unit volume as a result of the prior year period benefiting from accelerated consumer demand in April 2025 following tariff-related announcements and a decrease in EV u…
10-Q · Jul 31, 2026
Restructuring and cost reductionsmixed · 3 filings
As a result of the quantitative tests, we determined the franchise rights carrying values for these stores exceeded their fair values, and we recorded non-cash franchise rights impairment charges of $22.0 million during the fourth quarter of 2025.
10-K · Feb 12, 2026
Tariffs and trade policynegative · 3 filings
The increases in Premium Luxury revenue were partially offset by a decrease in new vehicle unit volume as a result of the prior year period benefiting from accelerated consumer demand in April 2025 following tariff-related announcements and a decrease in EV u…
10-Q · Jul 31, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 0.3× · EV/sales 0.3×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

203.29-1.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for AN. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

The latest filing shows material pressure

10-Q filed 2026-05-01 against the comparable filing from 2025-04-25.

cautious
OperationscautiousEvidence score -1
liquiditycautiousEvidence score -1
valuationmixed

What improved

  • Net income increased 17.0% versus the comparable filing period.

What weakened

  • Revenue decreased 2.1% versus the comparable filing period.
  • Operating cash flow covered only 0.11x net income.

Filing receipts

This change was primarily due to a $104.7 million increase in collections on auto loans receivable, partially offset by the cash flow impact of accelerated consumer demand in the later part of March 2025.

Same store used vehicle revenue PVR increased during the three months ended March 31, 2026, as compared to the same period in 2025, primarily due to an increase in the average selling price of used vehicles sold in all three segments and a shift in mix to higher-priced used vehicles.

Gross profit as a percentage of revenue decreased during the three months ended March 31, 2026, as compared to the same period in 2025, primarily due to a shift in mix to wholesale parts sales, which have relatively lower margins.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind AN

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

FFord Motor CompanypartnerMay 1, 2026

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, 2026, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, Mercedes-Benz, BMW, Stellant…

GMGeneral Motors CompanypartnerMay 1, 2026

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, 2026, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, Mercedes-Benz, BMW, Stellant…

POAHFFiling-linked namepartnerMay 1, 2026

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, 2026, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, Mercedes-Benz, BMW, Stellant…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 12 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

AN is currently a Early Follower in the organic co-movement group Auto Dealerships. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.