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Shareholders' Equity
 6 Months Ended
Jun. 30, 2023
Stockholders' Equity Note [Abstract]  
Shareholders' Equity SHAREHOLDERS’ EQUITY
A summary of shares repurchased under our stock repurchase program authorized by our Board of Directors follows:
Three Months EndedSix Months Ended
 June 30,June 30,
 2023202220232022
Shares repurchased1.6 3.7 4.0 7.2 
Aggregate purchase price (1)
$207.4 $403.9 $512.4 $784.9 
Average purchase price per share$132.44 $109.22 $128.76 $109.62 
(1) Excludes excise tax accrual imposed under the Inflation Reduction Act of $2.1 million and $4.6 million for the three and six months ended June 30, 2023, respectively.
As of June 30, 2023, $672.0 million remained available under our stock repurchase limit most recently authorized by our Board of Directors.
We have 5.0 million authorized shares of preferred stock, par value $0.01 per share, none of which are issued or outstanding. The Board of Directors has the authority to issue the preferred stock in one or more series and to establish the rights, preferences, and dividends of such preferred stock.
A summary of shares of common stock issued in connection with the exercise of stock options follows:
Three Months EndedSix Months Ended
 June 30,June 30,
2023202220232022
Shares issued (in actual number of shares)3,861 32,064 30,996 54,460 
Proceeds from the exercise of stock options $0.2 $1.8 $1.5 $2.6 
Average exercise price per share$57.44 $54.63 $48.80 $47.88 
The following table presents a summary of shares of common stock issued in connection with the settlement of RSUs, as well as shares surrendered to AutoNation to satisfy tax withholding obligations in connection with the settlement of RSUs:
Three Months EndedSix Months Ended
 June 30,June 30,
(In actual number of shares)2023202220232022
Shares issued1,111 10,973 531,007 774,085 
Shares surrendered to AutoNation to satisfy tax withholding obligations
296 — 182,249 262,951