AutoNation (AN) announced that its Board of Directors has authorized the repurchase of up to an additional $1B of AutoNation’s common stock. Year-to-date through October 30 AutoNation repurchased 3.0M shares for an aggregate purchase price of $576M or $189 per share. With the increased authorization, AutoNation has approximately $1.28B total Board authorization remaining for share repurchases as of October 30. AutoNation has approximately 36M shares outstanding as of October 30, and has reduced its shares outstanding by 8% since December 31, 2024.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AN:
- AutoNation price target raised to $280 from $265 at Citi
- AutoNation’s Strong Financial Performance and Strategic Initiatives Justify Buy Rating
- AutoNation Reports Strong Q3 2025 Financial Results
- AutoNation Inc Shines in Earnings Call with Strong EPS Growth
- AutoNation reports Q3 adjusted EPS $5.01, consensus $4.85