AutoNation (AN) announced that its Board of Directors has authorized the repurchase of up to an additional $1B of AutoNation’s common stock. Year-to-date through October 30 AutoNation repurchased 3.0M shares for an aggregate purchase price of $576M or $189 per share. With the increased authorization, AutoNation has approximately $1.28B total Board authorization remaining for share repurchases as of October 30. AutoNation has approximately 36M shares outstanding as of October 30, and has reduced its shares outstanding by 8% since December 31, 2024.
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