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Shareholders' Equity
 9 Months Ended
Sep. 30, 2024
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 EndedNine Months Ended
 September 30,September 30,
 2024202320242023
Shares repurchased (in actual number of shares)36,192 1,282,817 2,232,007 5,262,452 
Aggregate purchase price (1)
$5.6 $200.0 $355.6 $712.4 
Average purchase price per share$156.03 $155.91 $159.34 $135.38 
(1) Excludes excise taxes imposed under the Inflation Reduction Act of $0.1 million and $3.2 million for the three and nine months ended September 30, 2024, respectively, and $2.0 million and $6.6 million for the three and nine months ended September 30, 2023, respectively.
As of September 30, 2024, $965.1 million remained available under our stock repurchase limit 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 EndedNine Months Ended
 September 30,September 30,
2024202320242023
Shares issued (in actual number of shares)965 7,000 6,755 37,996 
Proceeds from the exercise of stock options $0.1 $0.4 $0.4 $1.9 
Average exercise price per share$62.93 $57.15 $57.16 $50.34 
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 EndedNine Months Ended
 September 30,September 30,
(In actual number of shares)2024202320242023
Shares issued3,649 987 343,489 531,994 
Shares surrendered to AutoNation to satisfy tax withholding obligations
1,401 278 116,547 182,527