# AutoNation, Inc. (AN)

> Source: Nexqual · https://nexqual.com/AN · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, AutoNation, Inc. (AN), nexqual.com/AN" · informational, not investment advice.

**Price:** USD 161.84 (+5.77% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 153.01 · day 153.22–162.05 · 52w 151.82–235.81 · market cap $5.35B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $27.4B, net income $775M (2.8% margin), free cash flow $12.1M (SEC filings).
- Valuation: P/E 6.9x (avg 9.6x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold AN (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $710K; 2 not under a Rule 10b5-1 plan ($710K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (13 analysts), mean target USD 219.67 (range 175–300).
- Total return with dividends: 1Y -22.4% vs S&P 500 +14.9%; 5Y +24.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-30, EPS estimate USD 5.08, revenue estimate $6.93B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $25.8B | $27.0B | $26.9B | $26.8B | $27.6B | $27.4B |
| Gross profit | $4.95B | $5.27B | $5.13B | $4.79B | $4.95B | — |
| Operating income | $1.90B | $2.02B | $1.65B | $1.31B | $1.24B | $1.32B |
| Net income | $1.37B | $1.38B | $1.02B | $692M | $649M | $775M |
| EPS (diluted) | $18.31 | $24.29 | $22.74 | $16.92 | $17.04 | — |
| Free cash flow | $1.41B | $1.34B | $314M | -$13.8M | -$198M | $12.1M |
| Gross margin | 19.2% | 19.5% | 19.0% | 17.9% | 17.9% | — |
| Operating margin | 7.4% | 7.5% | 6.1% | 4.9% | 4.5% | 4.8% |
| Net margin | 5.3% | 5.1% | 3.8% | 2.6% | 2.3% | 2.8% |
| Revenue growth | +26.7% | +4.4% | -0.1% | -0.7% | +3.2% | — |
| Cash + short-term investments | $60.4M | $72.6M | $60.8M | $59.8M | $58.6M | — |
| Total debt | $3.19B | $3.64B | $3.57B | $3.24B | $3.90B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 6.9x · P/S 0.2x · P/FCF 442.2x · P/B 2.4x · FCF yield 0.23% · Earnings yield 14.48% · Buyback yield (TTM) 18.83%
P/E at fiscal year-ends: Dec 2025 12.1x, Dec 2024 10.0x, Dec 2023 6.6x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold AN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Glenn Greenberg | Brave Warrior Advisors | 6.17% | $283M | Reduced -1.5% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-05 | Lutoff-Perlo Lisa | Director | 900 | $198K | 10.1% | No | Too little history (no open-market trades in 2023 or 2025) |
| 2026-05-05 | Dees Kimberly | SVP & CAO | 2,500 | $512K | 63.2% | No | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 13 analysts; mean target USD 219.67 (low 175, high 300).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Evercore ISI Group | Target lowered | Outperform | $300 → $250 |
| 2026-10-07 | UBS | Target lowered | Buy | $248 → $213 |
| 2026-10-06 | JP Morgan | Target lowered | Overweight | $210 → $185 |
| 2026-10-06 | Barclays | Target lowered | Overweight | $260 → $230 |
| 2026-10-05 | Morgan Stanley | Downgrade | Overweight → Equal-Weight | $250 → $175 |
| 2026-09-21 | Citigroup | Target lowered | Buy | $290 → $255 |
| 2026-08-11 | Argus Research | Target raised | Buy | $241 → $246 |
| 2026-08-10 | Stephens & Co. | Target raised | Equal-Weight | $220 → $232 |
| 2026-08-07 | Morgan Stanley | Target raised | Overweight | $240 → $250 |
| 2026-08-04 | JP Morgan | Target lowered | Overweight | $235 → $210 |
| 2026-08-04 | Citigroup | Target raised | Buy | $287 → $290 |
| 2026-08-03 | Wells Fargo | Target raised | Equal-Weight | $202 → $224 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -22.4% | +24.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -22.5% | +4.4% |
| Volatility (annualized) | 33.4% | 33.6% |
| Max drawdown | -33.5% (Jul 2026→Oct 2026) | -30.6% (Sep 2025→Oct 2026) |

## Peers (Auto & Truck Dealerships)
OPLN (OPENLANE, Inc.) USD 38.05 +1.63% · LAD (Lithia Motors, Inc.) USD 291.07 +8.15% · RUSHB (Rush Enterprises, Inc.) USD 57.89 -1.14% · VVV (Valvoline Inc.) USD 32.44 +4.24% · KMX (CarMax Inc) USD 52.96 +2.85% · ABG (Asbury Automotive Group Inc) USD 173.43 +5.72%

## More
Full page: https://nexqual.com/AN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| AN Reportable Segments | $6.61B | 95.3% | -0.3% |
| — AN Reportable Segment, Premium Luxury (part of AN Reportable Segments) | $2.58B | 37.2% | +0.9% |
| — AN Reportable Segment, Import (part of AN Reportable Segments) | $2.23B | 32.2% | +3.9% |
| — AN Reportable Segment, Domestic (part of AN Reportable Segments) | $1.79B | 25.9% | -6.6% |
| Corporate and other | $323.9M | 4.7% | -7.4% |
| Total revenue | $6.93B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| New vehicle | $3.29B | 47.5% | -3.1% |
| Used vehicle | $2.01B | 29.0% | +1.3% |
| Parts and service | $1.26B | 18.2% | +3.4% |
| Finance and insurance, net | $357.6M | 5.2% | -2.7% |
| Other | $5.1M | 0.1% | +18.6% |
| Total revenue | $6.93B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $5.08 | $5.78 | -12.1% | $6.93B | 11 |
| Next quarter (ends 2026-12-31) | $5.54 | $5.75 | -3.6% | $7.10B | 11 |
| Current fiscal year (ends 2026-12-31) | $20.97 | $21.65 | -3.2% | $27.59B | 13 |
| Next fiscal year (ends 2027-12-31) | $23.60 | $24.39 | -3.2% | $28.39B | 13 |