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Segment Information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Reportable Segment Information
The following tables provide segment revenues and segment expenses that align with the segment-level information that is regularly provided to our CODM:
Three Months Ended September 30, 2025
Domestic
Import
Premium Luxury
AutoNation Finance
Total
Revenues from external customers:(1)
Franchised dealerships
$1,945.3 $2,173.1 $2,559.4 $6,677.8 
Corporate and other
359.6 
Total consolidated revenues 7,037.4 
Less segment expenses:
Cost of sales:
New vehicle
980.5 1,091.5 1,192.7 
Used vehicle
505.5 526.0 700.2 
Parts and service
154.5 172.8 210.3 
Other
0.3 4.1 0.1 
Total cost of sales
1,640.8 1,794.4 2,103.3 
Selling, general and administrative expenses:
Compensation
127.0 151.1 159.6 
Advertising
17.7 24.4 17.2 
Store overhead
48.8 56.9 79.5 
Total selling, general, and administrative expenses
193.5 232.4 256.3 
Depreciation and amortization11.6 12.8 20.6 
Floorplan interest expense
18.1 9.9 18.3 
Other income(2)
— (0.1)— 
Franchised dealerships - segment income
$81.3 $123.7 $160.9 365.9 
AutoNation Finance:
Interest fee income
$55.2 
Interest expense
(21.2)
Provision for credit losses
(22.0)
Direct expenses(3)
(10.5)
AutoNation Finance income (loss)
$1.5 1.5 
Corporate and other
(42.5)
Other interest expense
(45.1)
Other income, net
7.8 
Income before income taxes
$287.6 
(1) See Note 2 of the Notes to Unaudited Condensed Consolidated Financial Statements for detail of revenue by segment.
(2) Other income includes net gains on asset dispositions.
(3) Direct expenses are comprised primarily of compensation expense and loan administration costs incurred by our auto finance company.
Three Months Ended September 30, 2024
Domestic
Import
Premium Luxury
AutoNation Finance
Total
Revenues from external customers:(1)
Franchised dealerships
$1,774.9 $2,046.2 $2,426.0 $6,247.1 
Corporate and other
339.0 
Total consolidated revenues6,586.1 
Less segment expenses:
Cost of sales:
New vehicle
841.7 1,016.6 1,135.5 
Used vehicle
481.7 508.2 644.6 
Parts and service
160.6 158.1 200.5 
Other
2.8 3.3 (0.1)
Total cost of sales
1,486.8 1,686.2 1,980.5 
Selling, general and administrative expenses:
Compensation
122.5 142.4 155.6 
Advertising
18.2 21.9 14.0 
Store overhead
51.0 54.8 75.9 
Total selling, general, and administrative expenses
191.7 219.1 245.5 
Depreciation and amortization11.1 11.1 19.9 
Floorplan interest expense
22.9 10.6 25.4 
Franchised dealerships - segment income
$62.4 $119.2 $154.7 336.3 
AutoNation Finance:
Interest fee income
$32.9 
Interest expense
(11.4)
Provision for credit losses
(18.4)
Direct expenses(2)
(9.3)
AutoNation Finance income (loss)
$(6.2)(6.2)
Corporate and other
(39.9)
Other interest expense
(44.9)
Other income, net
2.1 
Income before income taxes
$247.4 
(1) See Note 2 of the Notes to Unaudited Condensed Consolidated Financial Statements for detail of revenue by segment.
(2) Direct expenses are comprised primarily of compensation expense and loan administration costs incurred by our auto finance company.
Nine Months Ended September 30, 2025
DomesticImportPremium LuxuryAutoNation FinanceTotal
Revenues from external customers:(1)
Franchised dealerships
$5,583.2 $6,368.7 $7,691.7 $19,643.6 
Corporate and other
1,058.6 
Total consolidated revenues 20,702.2 
Less segment expenses:
Cost of sales:
New vehicle
2,767.9 3,164.1 3,618.8 
Used vehicle
1,463.0 1,549.6 2,049.0 
Parts and service
454.0 503.6 615.6 
Other
0.3 10.8 0.2 
Total cost of sales
4,685.2 5,228.1 6,283.6 
Selling, general and administrative expenses:
Compensation
379.3 456.9 493.5 
Advertising
51.1 69.3 48.2 
Store overhead
139.7 165.5 231.2 
Total selling, general, and administrative expenses
570.1 691.7 772.9 
Depreciation and amortization34.1 37.6 60.6 
Floorplan interest expense
51.5 28.1 55.0 
Other income(2)
— (0.1)(0.1)
Franchised dealerships - segment income
$242.3 $383.3 $519.7 1,145.3 
AutoNation Finance:
Interest fee income
$145.7 
Interest expense
(52.9)
Provision for credit losses
(60.1)
Direct expenses(3)
(29.1)
AutoNation Finance income (loss)
$3.6 3.6 
Corporate and other
(362.2)
Other interest expense
(133.6)
Other income, net
6.9 
Income before income taxes
$660.0 
(1) See Note 2 of the Notes to Unaudited Condensed Consolidated Financial Statements for detail of revenue by segment.
(2) Other income includes net gains on asset dispositions.
(3) Direct expenses are comprised primarily of compensation expense and loan administration costs incurred by our auto finance company.
Nine Months Ended September 30, 2024
Domestic
Import
Premium Luxury
AutoNation Finance
Total
Revenues from external customers:(1)
Franchised dealerships
$5,271.0 $6,044.5 $7,239.3 $18,554.8 
Corporate and other
997.4 
Total consolidated revenues19,552.2 
Less segment expenses:
Cost of sales:
New vehicle
2,419.6 2,962.1 3,327.5 
Used vehicle
1,494.4 1,541.5 1,989.8 
Parts and service
485.8 454.8 583.8 
Other
3.8 9.9 — 
Total cost of sales
4,403.6 4,968.3 5,901.1 
Selling, general and administrative expenses:
Compensation
378.3 432.8 476.6 
Advertising
50.8 61.4 38.8 
Store overhead
153.4 163.7 229.5 
Total selling, general, and administrative expenses
582.5 657.9 744.9 
Depreciation and amortization33.3 32.6 59.6 
Floorplan interest expense
63.8 29.5 65.5 
Other income(2)
(0.1)— — 
Franchised dealerships - segment income
$187.9 $356.2 $468.2 1,012.3 
AutoNation Finance:
Interest fee income
$81.2 
Interest expense
(27.1)
Provision for credit losses
(36.3)
Direct expenses(3)
(28.3)
AutoNation Finance income (loss)
$(10.5)(10.5)
Corporate and other
(199.6)
Other interest expense
(136.3)
Other income, net
9.0 
Income before income taxes
$674.9 
(1) See Note 2 of the Notes to Unaudited Condensed Consolidated Financial Statements for detail of revenue by segment.
(2) Other income includes net gains on asset dispositions.
(3) Direct expenses are comprised primarily of compensation expense and loan administration costs incurred by our auto finance company.
The following table provides information about segment assets:
Segment Assets(1)
September 30, 2025December 31, 2024
Domestic
$2,379.4 $2,297.9 
Import
$2,131.3 $2,029.8 
Premium Luxury
$3,626.3 $3,696.0 
AutoNation Finance
$2,000.7 $1,114.4 
(1) Excludes capital expenditures for active construction projects, which are reflected in segment assets upon completion of the related project.