AutoNation, Inc.AN
NYSE•Consumer Cyclical•Auto & Truck Dealerships
AutoNation, Inc., through its subsidiaries, operates as an automotive retailer in the United States. The company operates through four segments: Domestic, Import, Premium Luxury, and AutoNation Finance. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services. The company also provides automotive finance and insurance products comprising vehicle services and other protection products; and indirect financing, as well as arranges finance for vehicle purchases through third-party finance sources. It owns and operates new vehicle franchises from stores located in metropolitan markets in the Sunbelt region, as well as AutoNation-branded collision centers, AutoNation USA used vehicle stores, AutoNation-branded automotive auction operations, and parts distribution centers. The company was formerly known as Republic Industries, Inc. and changed its name to AutoNation, Inc. in 1999. AutoNation, Inc. was incorporated in 1980 and is headquartered in Fort Lauderdale, Florida.
AutoNation, Inc. (AN) reported trailing twelve months revenue of $27.49B as of March 2026, a 1.9% increase year-over-year. Quarterly revenue reached $6.55B, reflecting continued top-line momentum.
AutoNation, Inc. generated $679.00M in TTM net income, with quarterly EBITDA of $377.30M. The operating margin contracted from 5.0% to 4.8%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (4.8%) and net margin (3.1%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 2.6% a year ago, signaling stronger bottom-line efficiency.
AN trades at a P/E of 9.8x (below the broader market average) and a P/S of 0.2x. The price-to-book ratio of 3.0x reflects a moderate premium to book value.
The company reported negative free cash flow of $-34.20M, indicating cash consumption over the period. The balance sheet shows $14.62B in total assets with no in long-term debt against $2.23B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~4.6% on average, but show some variability — pricing power may be sensitive to market conditions.
Consistently high ROE averaging 29.1% suggests a durable competitive advantage and efficient capital allocation.
Only 3 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Operating margins declined 8.1% — watch for continued compression, which may signal competitive or cost pressure.
Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.
D/E ratio is 1.6 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
5 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.
Shares decreased 14.1% — net buybacks are reducing shares outstanding and boosting per-share value.