AN
AutoNation, Inc.
September 17, 2026 · intraday
- Rarity
- 2.87
- Peak move
- −11.58%
- Float cap
- $5.1B
AutoNation, Inc., through its subsidiaries, is one of the largest automotive retailers in the United States. It sells new and used vehicles, parts and repair services, and finance and insurance products through franchised dealerships, used vehicle stores, collision centers, auctions, and mobile repair operations. Its customers include retail vehicle buyers, service customers, and wholesale parts and collision clients.
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What we found
4 events · 1 from SEC or newswire · 0 timed with the moveexecutive_remarkAt Morgan Stanley's 14th Annual Laguna Conference on Sept 17, 2026, AutoNation CFO Tom Szlosek said Q3 gross profit per unit is expected down about 10% sequentially on model-year changeover, service and finance make up ~80% of profit, AutoNation Finance's portfolio approaches $3 billion, and EV penetration has fallen to low single digits from 8%-9% after federal incentives expired.
debt_financingAutoNation expanded its revolving credit facility to about $2.0 billion from $1.9 billion and extended its maturity, with CEO Szlosek saying at the Sept 17, 2026 Morgan Stanley Laguna Conference that the company remains the only publicly traded auto dealer group with an investment-grade rating.
debt_financingAutoNation amended and restated its unsecured credit agreement on September 14, 2026, raising the revolver commitment from $1.9 billion to $2.0 billion, lifting the accordion limit to $1.0 billion from $500 million, extending maturity to September 14, 2031, and keeping the leverage covenant at 3.75x with a 4.25x step-up after a material acquisition.
convertible_offeringAutoNation disclosed a second amendment to its December 2022 credit agreement raising the revolving facility from $300 million to $500 million and extending maturity, conditioned on and effective concurrently with an offering of 0% Convertible Notes due 2031.