AutoNation Finance Completes Inaugural $700 Million Asset-Backed Securitization

FORT LAUDERDALE, Fla., May 21, 2025 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN) today announced that, through its captive finance company, it completed its inaugural asset-backed securitization, generating $700 million in funding for its automobile loan portfolio at a weighted-average fixed interest rate of 4.90%."I am very pleased with our first ABS transaction," said Mike Manley, Chief Executive Officer of AutoNation. "Strong demand enabled us to deliver a great result – the final interest rate was compet ...