PART I. FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents AutoNation, Inc.'s unaudited condensed consolidated financial statements, including balance sheets, income statements, and cash flows, for Q1 2023 [Unaudited Condensed Consolidated Balance Sheets](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) As of March 31, 2023, total assets increased to $10.36 billion from $10.06 billion at year-end 2022, primarily driven by increases in inventory and goodwill Condensed Consolidated Balance Sheet Data (in millions) | Account | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Current Assets** | $3,153.0 | $3,138.0 | | Inventory | $2,196.2 | $2,048.3 | | Goodwill | $1,450.2 | $1,320.1 | | **Total Assets** | **$10,360.8** | **$10,059.7** | | **Total Current Liabilities** | $3,780.8 | $3,405.7 | | Vehicle floorplan payable (trade & non-trade) | $2,185.7 | $2,109.3 | | Long-term debt, net | $3,584.7 | $3,586.9 | | **Total Liabilities** | **$8,340.5** | **$8,011.9** | | **Total Shareholders' Equity** | **$2,020.3** | **$2,047.8** | [Unaudited Condensed Consolidated Statements of Income](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Income) For the first quarter of 2023, total revenue decreased by 5.2% year-over-year to $6.40 billion, while diluted earnings per share increased to $6.07 Condensed Consolidated Statements of Income (in millions, except per share data) | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | **Total Revenue** | **$6,398.7** | **$6,752.8** | | New vehicle revenue | $2,931.9 | $2,807.2 | | Used vehicle revenue | $2,032.6 | $2,572.4 | | Parts and service revenue | $1,089.8 | $1,003.9 | | **Total Gross Profit** | **$1,286.4** | **$1,308.9** | | Operating Income | $443.3 | $519.0 | | **Net Income** | **$288.7** | **$362.1** | | **Diluted EPS** | **$6.07** | **$5.78** | | Diluted weighted average shares outstanding | 47.6 | 62.6 | [Unaudited Condensed Consolidated Statements of Shareholders' Equity](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Shareholders%27%20Equity) Shareholders' equity decreased to $2.02 billion in Q1 2023, primarily due to common stock repurchases offsetting net income - Net income of **$288.7 million** was offset by **$307.5 million** in common stock repurchases (including excise tax) during Q1 2023[13](index=13&type=chunk) [Unaudited Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash provided by operating activities decreased to $510.0 million in Q1 2023, while investing activities significantly increased due to acquisitions Summary of Cash Flows (in millions) | Cash Flow Activity | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $510.0 | $643.2 | | Net cash used in investing activities | $(305.9) | $(59.0) | | Net cash used in financing activities | $(216.1) | $(36.5) | | **Increase (Decrease) in Cash** | **$(12.0)** | **$547.7** | - Investing activities included **$191.0 million** used for business acquisitions, a significant increase from the prior year[15](index=15&type=chunk) - Financing activities were dominated by **$315.7 million** in common stock repurchases, partially offset by **$235.0 million** in net proceeds from commercial paper[17](index=17&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The notes detail revenue disaggregation, debt instruments, goodwill allocation, and segment performance for Domestic, Import, and Premium Luxury segments - As of March 31, 2023, the company owned and operated **344 new vehicle franchises** from **248 stores**, primarily in the Sunbelt region, selling **33 different new vehicle brands**[19](index=19&type=chunk) - In Q1 2023, the company acquired **RepairSmith**, a mobile automotive repair and maintenance business, which contributed to an increase in goodwill[52](index=52&type=chunk)[76](index=76&type=chunk) - The company repurchased **2.4 million shares** for **$305.0 million** in Q1 2023, with **$879.4 million** remaining available under the repurchase program as of March 31, 2023[73](index=73&type=chunk) Segment Revenue and Income - Q1 2023 (in millions) | Segment | Revenue | Segment Income | | :--- | :--- | :--- | | Domestic | $1,831.1 | $118.5 | | Import | $1,789.3 | $160.4 | | Premium Luxury | $2,484.9 | $226.8 | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=25&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2023 financial results, including gross profit trends, market conditions, strategic initiatives, and capital allocation [Results of Operations](index=25&type=section&id=Results%20of%20Operations) In Q1 2023, total revenue fell 5.2% to $6.4 billion, and operating income decreased 14.6% to $443.3 million compared to Q1 2022 Key Operating Metrics Variance (Q1 2023 vs Q1 2022) | Metric | Q1 2023 | Q1 2022 | % Variance | | :--- | :--- | :--- | :--- | | Total Revenue | $6,398.7M | $6,752.8M | (5.2)% | | Total Gross Profit | $1,286.4M | $1,308.9M | (1.7)% | | Operating Income | $443.3M | $519.0M | (14.6)% | | New Vehicle Gross Profit PVR | $5,210 | $6,112 | (14.8)% | | Used Vehicle Gross Profit PVR | $2,117 | $1,566 | 35.2% | | Finance & Insurance PVR | $2,711 | $2,672 | 1.5% | - SG&A expenses increased **5.6%** to **$782.7 million**, primarily due to acquisitions, new stores, and technology investments, rising to **60.8%** of gross profit from **56.6%** YoY[176](index=176&type=chunk)[177](index=177&type=chunk) - Floorplan interest expense surged to **$27.1 million** from **$5.2 million** YoY, and other interest expense rose to **$41.1 million** from **$29.6 million**, both due to higher interest rates and debt balances[179](index=179&type=chunk)[180](index=180&type=chunk) [Segment Results](index=37&type=section&id=Segment%20Results) In Q1 2023, Premium Luxury was the most resilient segment, while Domestic and Import segments experienced significant revenue and income declines Segment Performance (Q1 2023 vs Q1 2022, in millions) | Segment | Revenue (2023) | Revenue (2022) | % Change | Segment Income (2023) | Segment Income (2022) | % Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Domestic | $1,831.1 | $2,034.4 | (10.0)% | $118.5 | $149.4 | (20.7)% | | Import | $1,789.3 | $1,974.1 | (9.4)% | $160.4 | $186.2 | (13.9)% | | Premium Luxury | $2,484.9 | $2,478.7 | 0.3% | $226.8 | $229.5 | (1.2)% | [Liquidity and Capital Resources](index=43&type=section&id=Liquidity%20and%20Capital%20Resources) AutoNation maintained strong liquidity in Q1 2023, focusing capital allocation on growth and shareholder returns through acquisitions and share repurchases Available Liquidity (in millions) | Source | March 31, 2023 | | :--- | :--- | | Cash and cash equivalents | $58.3 | | Revolving credit facility | $1,799.3 | Share Repurchases (Q1 2023) | Metric | Value | | :--- | :--- | | Shares repurchased (millions) | 2.4 | | Aggregate purchase price (millions) | $305.0 | | Average purchase price per share | $126.37 | | Remaining authorization (millions) | $879.4 | - The company is expanding its **AutoNation USA** used vehicle stores, targeting over **130 stores** nationwide, and acquired **RepairSmith**, a mobile repair service, in Q1 2023[194](index=194&type=chunk)[195](index=195&type=chunk) - The company was in compliance with its debt covenants, with a leverage ratio of **1.82x** (requirement ≤ **3.75x**) and a capitalization ratio of **61.3%** (requirement ≤ **70.0%**)[205](index=205&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=49&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company is exposed to market risk from interest rate fluctuations on variable-rate debt and equity price changes in minority investments - A **100 basis point** change in interest rates would result in an approximate change to annual floorplan interest expense of **$21.9 million**, based on the **$2.2 billion** of variable rate vehicle floorplan payable at March 31, 2023[225](index=225&type=chunk) - The company is subject to equity price risk from minority investments. A hypothetical **10%** change in the price of its equity securities with readily determinable fair values (**$14.3 million**) would result in a **$1.4 million** gain/loss. A similar change in its investment without a readily determinable fair value (**$56.7 million**) would result in a **$5.7 million** gain/loss[229](index=229&type=chunk) [Controls and Procedures](index=50&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of March 31, 2023, with no material changes to internal control over financial reporting - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were **effective** as of the end of the period covered by the report[230](index=230&type=chunk) - **No changes** in internal control over financial reporting occurred during the last fiscal quarter that materially affected, or are reasonably likely to materially affect, internal controls[231](index=231&type=chunk) PART II. OTHER INFORMATION [Risk Factors](index=51&type=section&id=Item%201A.%20Risk%20Factors) This section refers to comprehensive risk factors from the 2022 Annual Report, including economic sensitivity, supply dependence, and regulatory impacts - The report refers to the risk factors detailed in the **Annual Report on Form 10-K** for the year ended December 31, 2022[234](index=234&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=51&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q1 2023, AutoNation repurchased approximately 2.4 million shares for $305.0 million, with $879.4 million remaining for future repurchases Share Repurchase Activity (Q1 2023) | Period | Total Shares Purchased | Avg. Price Paid Per Share | Approx. Dollar Value Remaining (in millions) | | :--- | :--- | :--- | :--- | | Jan 2023 | 835,555 | $111.56 | $1,091.2 | | Feb 2023 | — | $— | $1,091.2 | | Mar 2023 | 1,577,918 | $134.22 | $879.4 | | **Total** | **2,413,473** | | **$879.4** | [Exhibits](index=51&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including credit agreement amendments and CEO/CFO certifications - Filed exhibits include the **Second Amendment to the Third Amended and Restated Credit Agreement**, dated March 2, 2023[237](index=237&type=chunk) - **Certifications** from the Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(a) and 13a-14(b) of the Exchange Act were filed as exhibits[237](index=237&type=chunk)

AutoNation, Inc. (NYSE:AN) Q4 2022 Earnings Conference Call February 17, 2023 9:00 AM ET Company Participants Derek Fiebig - Vice President of Investor Relations Mike Manley - Chief Executive Officer Joe Lower - Chief Financial Officer Conference Call Participants John Murphy - Bank of America Merrill Lynch Daniel Imbro - Stephens Bret Jordan - Jefferies Colin Langan - Wells Fargo Rajat Gupta - JPMorgan David Whiston - Morningstar Operator Good morning. My name is Breka, and I will be your conference operat ...

Investor Presentation Fourth Quarter and Full Year 2022 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as "anticipates," "expects," "intends," "goals," "targets," "projects," "plans," "believes," "continues," ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number:1-13107 AUTONATION, INC. (Exact name of registrant as specified in its charter) Delaware 73-1105145 (State or other jur ...

AutoNation Inc. (NYSE:AN) Q3 2022 Results Conference Call October 27, 2022 9:00 AM ET Company Participants Derek Fiebig - Vice President of Investor Relations Mike Manley - Chief Executive Officer Joe Lower - Chief Financial Officer Conference Call Participants Rajat Gupta - JPMorgan Bret Jordan - Jefferies Daniel Imbro - Stephens Inc. John Murphy - Bank of America Merrill Lynch Operator Good morning. My name is Nadia, and I will be your conference operator today. At this time, I would like to welcome every ...

PART I. FINANCIAL INFORMATION [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) AutoNation's unaudited condensed consolidated financial statements show asset growth, increased revenue, and a significant rise in diluted EPS driven by share repurchases [Unaudited Condensed Consolidated Balance Sheets](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) AutoNation's balance sheet as of September 30, 2022, shows increased total assets to $9.42 billion and liabilities, while shareholders' equity decreased due to share repurchases Condensed Consolidated Balance Sheet Data (in millions) | Account | Sep 30, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $442.9 | $60.4 | | Inventory | $1,851.3 | $1,847.9 | | Total Current Assets | $3,075.0 | $2,811.7 | | Goodwill | $1,233.3 | $1,235.3 | | **Total Assets** | **$9,415.3** | **$8,943.6** | | **Liabilities & Equity** | | | | Vehicle floorplan payable | $1,624.8 | $1,457.6 | | Total Current Liabilities | $2,935.4 | $3,059.8 | | Long-Term Debt, Net | $3,532.8 | $2,846.2 | | **Total Liabilities** | **$7,160.1** | **$6,566.6** | | **Total Shareholders' Equity** | **$2,255.2** | **$2,377.0** | [Unaudited Condensed Consolidated Statements of Operations](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) Q3 2022 operations show a 4.5% revenue increase to $6.67 billion, modest gross profit growth, and a significant rise in diluted EPS to $6.31 despite a slight net income decrease Q3 and Nine Months Performance Summary (in millions, except EPS) | Metric | Q3 2022 | Q3 2021 | 9 Months 2022 | 9 Months 2021 | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | **$6,666.0** | **$6,379.5** | **$20,288.0** | **$19,261.7** | | New Vehicle Revenue | $2,863.9 | $2,753.8 | $8,606.9 | $9,164.4 | | Used Vehicle Revenue | $2,401.7 | $2,323.2 | $7,494.5 | $6,295.2 | | Parts and Service Revenue | $1,032.1 | $943.7 | $3,072.3 | $2,745.5 | | **Total Gross Profit** | **$1,312.8** | **$1,271.9** | **$3,983.4** | **$3,631.0** | | **Operating Income** | **$522.5** | **$503.3** | **$1,599.6** | **$1,370.4** | | **Net Income** | **$352.6** | **$361.7** | **$1,091.0** | **$985.9** | | **Diluted EPS (Continuing Ops)** | **$6.31** | **$5.12** | **$18.53** | **$12.63** | [Unaudited Condensed Consolidated Statements of Shareholders' Equity](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Shareholders%27%20Equity) Shareholders' equity decreased to $2.26 billion by Q3 2022, primarily due to $1.21 billion in common stock repurchases offsetting net income - For the nine months ended September 30, 2022, the company repurchased common stock totaling **$1,213.1 million** (**$380.9 million** in Q1, **$403.9 million** in Q2, **$428.2 million** in Q3)[13](index=13&type=chunk) - Total shareholders' equity declined from **$2.38 billion** at the start of the year to **$2.26 billion** at the end of Q3 2022, mainly due to share buybacks[13](index=13&type=chunk) [Unaudited Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Nine-month cash flow shows $1.44 billion from operations, $247.3 million used in investing, and $813.6 million used in financing, primarily for $1.18 billion in stock repurchases Cash Flow Summary (Nine Months Ended Sep 30, in millions) | Cash Flow Activity | 2022 | 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $1,443.3 | $1,559.2 | | Net cash used in investing activities | ($247.3) | ($225.5) | | Net cash used in financing activities | ($813.6) | ($1,831.3) | | **Increase (Decrease) in Cash** | **$382.4** | **($497.6)** | - Financing activities in the first nine months of 2022 included **$1.18 billion** for stock repurchases and **$698.8 million** in proceeds from new 3.85% Senior Notes, offset by a **$340.0 million** net payment of commercial paper[20](index=20&type=chunk) [Notes to Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail AutoNation's operations, segment revenue, $700 million senior notes issuance, ongoing share repurchases, and the strategic acquisition of CIG Financial - As of September 30, 2022, the company operated **336 new vehicle franchises**, **56 collision centers**, and **12 AutoNation USA used vehicle stores**[22](index=22&type=chunk) - In February 2022, the company issued **$700 million** of 3.85% Senior Notes due 2032[62](index=62&type=chunk) - As of September 30, 2022, **$681.5 million** remained available for share repurchases. In October 2022, the Board increased this authorization by an additional **$1.0 billion**[73](index=73&type=chunk) - In October 2022, the company acquired CIG Financial, an auto finance company, marking an expansion of its business model[80](index=80&type=chunk) [Management's Discussion and Analysis (MD&A)](index=24&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) MD&A highlights strong Q3 2022 operating income driven by high demand and record new vehicle gross profit, alongside strategic expansion and continued share repurchases [Results of Operations](index=24&type=section&id=MD%26A%20Results%20of%20Operations) Q3 2022 results show 4.5% revenue growth, record new vehicle gross profit per unit, declining used vehicle margins, and increased SG&A, leading to a 3.8% rise in operating income Key Performance Indicators (Q3 2022 vs Q3 2021) | Metric | Q3 2022 | Q3 2021 | % Change | | :--- | :--- | :--- | :--- | | New Vehicle GP per unit | $5,934 | $5,484 | 8.2% | | Used Vehicle GP per unit | $1,870 | $2,103 | (11.1%) | | F&I GP per unit | $2,755 | $2,569 | 7.2% | | New Vehicle Unit Sales | 55,565 | 58,277 | (4.7%) | | Used Vehicle Unit Sales | 75,355 | 77,553 | (2.8%) | - Market conditions in Q3 2022 continued to be defined by a shortage of new vehicles, leading to higher profitability on available units. U.S. industry retail new vehicle sales decreased **4% YoY**[127](index=127&type=chunk) - SG&A as a percentage of gross profit increased to **58.1%** in Q3 2022 from **56.9%** in Q3 2021, driven by acquisitions, strategic investments, and gross margin pressure[207](index=207&type=chunk)[208](index=208&type=chunk) [Segment Results](index=37&type=section&id=MD%26A%20Segment%20Results) Q3 2022 segment results show strong Premium Luxury growth, Domestic segment income decline due to margin pressure, and significant revenue and income drops in the Import segment from inventory shortages Segment Income (Q3 2022 vs Q3 2021, in millions) | Segment | Q3 2022 Income | Q3 2021 Income | % Change | | :--- | :--- | :--- | :--- | | Domestic | $142.7 | $149.1 | (4.3%) | | Import | $180.3 | $200.7 | (10.2%) | | Premium Luxury | $235.2 | $206.1 | 14.1% | - The Premium Luxury segment's strong performance was driven by acquisitions and a **13.6% increase** in new vehicle unit sales, benefiting from improving supply compared to other segments[197](index=197&type=chunk)[198](index=198&type=chunk) - The Import segment was most affected by supply chain issues, with new vehicle unit sales plummeting **20.2% YoY**, leading to lower revenue and income despite strong pricing[190](index=190&type=chunk)[191](index=191&type=chunk)[192](index=192&type=chunk) [Liquidity and Capital Resources](index=44&type=section&id=MD%26A%20Liquidity%20and%20Capital%20Resources) AutoNation maintains strong liquidity with $442.9 million cash and $1.76 billion credit, prioritizing share repurchases ($1.21 billion spent), and remains compliant with debt covenants Available Liquidity (as of Sep 30, 2022, in millions) | Source | Amount | | :--- | :--- | | Cash and cash equivalents | $442.9 | | Revolving credit facility | $1,760.2 | | Secured used vehicle floorplan facilities | $0.2 | Share Repurchases (Nine Months Ended Sep 30) | Metric | 2022 | 2021 | | :--- | :--- | :--- | | Shares repurchased (millions) | 10.9 | 19.2 | | Aggregate purchase price (billions) | $1.21 | $1.92 | | Average price per share | $110.96 | $100.13 | - The company is expanding its AutoNation USA used vehicle stores, targeting over **130 locations** with an estimated capital investment of **$10 million to $12 million per store**[228](index=228&type=chunk) - The company was in compliance with its debt covenants, with a leverage ratio of **1.54x** (vs. ≤ **3.75x** limit) and a capitalization ratio of **56.0%** (vs. ≤ **70.0%** limit)[236](index=236&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=51&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) AutoNation's primary market risk is interest rate exposure on its $1.6 billion variable-rate vehicle floorplan debt, with a 100 basis point increase impacting annual interest expense by $16.2 million - The company is exposed to interest rate risk on its **$1.6 billion** of variable-rate vehicle floorplan payable[254](index=254&type=chunk) - A **100 basis point** change in interest rates would change the annual floorplan interest expense by approximately **$16.2 million** as of September 30, 2022[254](index=254&type=chunk) [Controls and Procedures](index=51&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of September 30, 2022, with no material changes to internal control over financial reporting during Q3 - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the quarter[256](index=256&type=chunk) - No changes in internal control over financial reporting occurred during the last fiscal quarter that materially affected, or are reasonably likely to materially affect, internal controls[257](index=257&type=chunk) PART II. OTHER INFORMATION [Risk Factors](index=52&type=section&id=Item%201A.%20Risk%20Factors) Updated risk factors highlight new exposures from the CIG Financial acquisition, including potential credit losses, funding reliance on securitization markets, and extensive regulatory oversight - A new risk factor has been introduced following the acquisition of CIG Financial in October 2022, related to originating and servicing auto finance loans[259](index=259&type=chunk) - Key risks from the new financing business include greater credit losses than anticipated, reliance on securitization markets for funding, and extensive government regulation of finance companies[259](index=259&type=chunk)[260](index=260&type=chunk)[261](index=261&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=53&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) In Q3 2022, AutoNation repurchased 3.77 million shares for $428.2 million, with $681.5 million remaining under authorization, subsequently increased by $1.0 billion Share Repurchases (Q3 2022) | Period | Total Shares Purchased | Avg. Price Paid Per Share | | :--- | :--- | :--- | | July 2022 | 333,496 | $114.70 | | August 2022 | 983,569 | $123.10 | | September 2022 | 2,455,427 | $109.50 | | **Total Q3** | **3,772,492** | **N/A** | - As of September 30, 2022, **$681.5 million** remained available for share repurchases, and in October 2022, the Board of Directors increased the authorization by an additional **$1.0 billion**[264](index=264&type=chunk) [Exhibits](index=53&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including credit agreement amendments, employment agreements, and CEO/CFO certifications - Filed exhibits include an amendment to the credit agreement, an employment letter agreement, and CEO/CFO certifications pursuant to Sarbanes-Oxley[265](index=265&type=chunk)

AutoNation, Inc. (NYSE:AN) Q2 2022 Earnings Conference Call July 21, 2022 9:00 AM ET Company Participants Ankur Shah - Director, IR Michael Manley - CEO Joe Lower - EVP and CFO Conference Call Participants Rajat Gupta - J.P. Morgan John Murphy - Bank of America Daniel Imbro - Stephens, Inc. Adam Jonas - Morgan Stanley Operator Good morning. My name is Candice and I'll be your conference operator today. At this time, I would like to welcome you to the AutoNation Second Quarter 2022 Earnings Conference Call. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-13107 AUTONATION, INC. (Exact name of registrant as specified in its charter) Delaware 73-1105145 (State or other jurisdiction of ...