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Shareholders' Equity
 9 Months Ended
Sep. 30, 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 EndedNine Months Ended
September 30,September 30,
 2025202420252024
Shares repurchased (in actual number of shares)834,984 36,192 2,381,634 2,232,007 
Aggregate purchase price (1)
$181.0 $5.6 $434.8 $355.6 
Average purchase price per share$216.81 $156.03 $182.56 $159.34 
(1) Excludes the excise tax imposed under the Inflation Reduction Act of $1.8 million and $3.9 million for the three and nine months ended September 30, 2025, respectively, and $0.1 million and $3.2 million for the three and nine months ended September 30, 2024, respectively.
As of September 30, 2025, $426.0 million remained available under our stock repurchase limit authorized by our Board of Directors. From October 1, 2025, through October 21, 2025, we repurchased 0.4 million shares of common stock for an aggregate purchase price of $88.2 million (average purchase price per share of $218.76).
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 and shares surrendered to AutoNation to satisfy tax withholding obligations, each in connection with the settlement of RSUs:
Three Months EndedNine Months Ended
September 30,September 30,
(In actual number of shares)2025202420252024
Shares issued3,383 3,649 321,955 343,489 
Shares surrendered to AutoNation to satisfy tax withholding obligations
1,314 1,401 109,948 116,547