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Acquisitions and Divestitures | 9 Months Ended
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Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] |
Acquisitions and Divestitures | ACQUISITIONS AND DIVESTITURES We did not purchase any stores during the nine months ended September 30, 2024. During the nine months ended September 30, 2023, we acquired RepairSmith, a mobile solution for automotive repair and maintenance, which we renamed AutoNation Mobile Service, and we also purchased one Domestic store, five Import stores, and one Premium Luxury store. Acquisitions are included in the Unaudited Condensed Consolidated Financial Statements from the date of acquisition. The acquisitions that occurred during the nine months ended September 30, 2023, were not material to our financial condition or results of operations. Additionally, on a pro forma basis as if the results of these acquisitions had been included in our consolidated results for the entire nine month period ended September 30, 2023, revenue and net income would not have been materially different from our reported revenue and net income for this period. During the three and nine months ended September 30, 2024, we divested seven Domestic stores and one Import store for aggregate proceeds of $156.0 million and recognized net gains of $53.9 million related to these divestitures. These gains are included in Other (Income) Expense, Net (within Operating Income) in our Unaudited Condensed Consolidated Statement of Income. The financial condition and results of operations of these businesses were not material to our consolidated financial statements. We did not divest any stores during the nine months ended September 30, 2023.

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