AutoNation Reports Third Quarter 2026 Financial Results and New Share Buyback Authorization

AutoNation reported third-quarter 2026 revenue of $7.0 billion, relatively flat year over year, with GAAP diluted EPS of $4.87 and adjusted EPS of $5.11. Vehicle sales declined, while parts and services gross profit rose 3.3% to $616.6 million and finance division income increased significantly. The board authorized an additional $1 billion in share repurchases; CEO Mike Manley said the company sees the current environment as favorable for buybacks.