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v3.25.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Reportable Segment Information | The following tables provide segment revenues and segment expenses that align with the segment-level information that is regularly provided to our CODM:
|  | Three Months Ended March 31, 2025 |  |  |  |  |  |  |
|  | Domestic |  | Import |  | Premium Luxury |  | AutoNation Finance |  | Total |  |  |  |  |  |  |
Revenues from external customers:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Franchised dealerships |  | $ | 1,717.4 |  |  | $ | 2,047.3 |  |  | $ | 2,576.5 |  |  |  |  | $ | 6,341.2 |  |  |  |  |  |  |  |
Corporate and other |  |  |  |  |  |  |  |  |  | 349.2 |  |  |  |  |  |  |  |
Total consolidated revenues |  |  |  |  |  |  |  |  |  | 6,690.4 |  |  |  |  |  |  |  |
Less segment expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
New vehicle |  | 834.6 |  |  | 1,004.8 |  |  | 1,233.7 |  |  |  |  |  |  |  |  |  |  |  |
Used vehicle |  | 459.0 |  |  | 510.1 |  |  | 669.0 |  |  |  |  |  |  |  |  |  |  |  |
Parts and service |  | 145.3 |  |  | 159.2 |  |  | 199.4 |  |  |  |  |  |  |  |  |  |  |  |
Other |  | — |  |  | 2.8 |  |  | (0.1) |  |  |  |  |  |  |  |  |  |  |  |
Total cost of sales |  | 1,438.9 |  |  | 1,676.9 |  |  | 2,102.0 |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation |  | 119.8 |  |  | 148.4 |  |  | 165.7 |  |  |  |  |  |  |  |  |  |  |  |
Advertising |  | 16.7 |  |  | 21.6 |  |  | 15.8 |  |  |  |  |  |  |  |  |  |  |  |
Store overhead |  | 45.4 |  |  | 53.5 |  |  | 75.5 |  |  |  |  |  |  |  |  |  |  |  |
Total selling, general, and administrative expenses |  | 181.9 |  |  | 223.5 |  |  | 257.0 |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  | 11.0 |  |  | 12.0 |  |  | 19.9 |  |  |  |  |  |  |  |  |  |  |  |
Floorplan interest expense |  | 16.6 |  |  | 8.7 |  |  | 19.0 |  |  |  |  |  |  |  |  |  |  |  |
Other income(2) |  | — |  |  | — |  |  | (0.1) |  |  |  |  |  |  |  |  |  |  |  |
Franchised dealerships - segment income |  | $ | 69.0 |  |  | $ | 126.2 |  |  | $ | 178.7 |  |  |  |  | 373.9 |  |  |  |  |  |  |  |
AutoNation Finance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest fee income |  |  |  |  |  |  |  | $ | 41.9 |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  | (13.9) |  |  |  |  |  |  |  |  |  |
Provision for credit losses |  |  |  |  |  |  |  | (18.9) |  |  |  |  |  |  |  |  |  |
Direct expenses(3) |  |  |  |  |  |  |  | (9.0) |  |  |  |  |  |  |  |  |  |
AutoNation Finance income (loss) |  |  |  |  |  |  |  | $ | 0.1 |  |  | 0.1 |  |  |  |  |  |  |  |
Corporate and other |  |  |  |  |  |  |  |  |  | (84.5) |  |  |  |  |  |  |  |
Other interest expense |  |  |  |  |  |  |  |  |  | (42.3) |  |  |  |  |  |  |  |
Other income (loss), net |  |  |  |  |  |  |  |  |  | (13.2) |  |  |  |  |  |  |  |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 234.0 |  |  |  |  |  |  |  |
(1) See Note 2 of the Notes to Consolidated Financial Statements for detail of revenue by segment. |  |  |  |  |  |  |
(2) Other income includes net gains on asset dispositions. |  |  |  |  |  |  |
(3) Direct expenses are comprised primarily of compensation expense and loan administration costs incurred by our auto finance company. |  |  |  |  |  |  |
|  | Three Months Ended March 31, 2024
|  | Domestic |  | Import |  | Premium Luxury |  | AutoNation Finance |  | Total
Revenues from external customers:(1) |  |  |  |  |  |  |  |  |  |
Franchised dealerships |  | $ | 1,756.7 |  |  | $ | 1,979.5 |  |  | $ | 2,414.9 |  |  |  |  | $ | 6,151.1 |
Corporate and other |  |  |  |  |  |  |  |  |  | 334.6 |
Total consolidated revenues |  |  |  |  |  |  |  |  |  | 6,485.7 |
Less segment expenses: |  |  |  |  |  |  |  |  |  |
Cost of sales: |  |  |  |  |  |  |  |  |  |
New vehicle |  | 773.5 |  |  | 942.1 |  |  | 1,067.7 |  |  |  |  |
Used vehicle |  | 520.1 |  |  | 523.0 |  |  | 696.5 |  |  |  |  |
Parts and service |  | 168.4 |  |  | 150.7 |  |  | 197.1 |  |  |  |  |
Other |  | — |  |  | 3.0 |  |  | 0.1 |  |  |  |  |
Total cost of sales |  | 1,462.0 |  |  | 1,618.8 |  |  | 1,961.4 |  |  |  |  |
Selling, general and administrative expenses: |  |  |  |  |  |  |  |  |  |
Compensation |  | 122.5 |  |  | 139.6 |  |  | 154.9 |  |  |  |  |
Advertising |  | 15.2 |  |  | 18.8 |  |  | 12.2 |  |  |  |  |
Store overhead |  | 51.2 |  |  | 53.8 |  |  | 76.5 |  |  |  |  |
Total selling, general, and administrative expenses |  | 188.9 |  |  | 212.2 |  |  | 243.6 |  |  |  |  |
Depreciation and amortization |  | 11.2 |  |  | 10.6 |  |  | 19.8 |  |  |  |  |
Floorplan interest expense |  | 19.5 |  |  | 9.1 |  |  | 18.5 |  |  |  |  |
Other income(2) |  | (0.1) |  |  | — |  |  | — |  |  |  |  |
Franchised dealerships - segment income |  | $ | 75.2 |  |  | $ | 128.8 |  |  | $ | 171.6 |  |  |  |  | 375.6 |
AutoNation Finance: |  |  |  |  |  |  |  |  |  |
Interest fee income |  |  |  |  |  |  |  | $ | 21.8 |  |  |
Interest expense |  |  |  |  |  |  |  | (7.0) |  |  |
Provision for credit losses |  |  |  |  |  |  |  | (10.2) |  |  |
Direct expenses(3) |  |  |  |  |  |  |  | (9.6) |  |  |
AutoNation Finance income (loss) |  |  |  |  |  |  |  | $ | (5.0) |  |  | (5.0) |
Corporate and other |  |  |  |  |  |  |  |  |  | (79.7) |
Other interest expense |  |  |  |  |  |  |  |  |  | (44.6) |
Other income (loss), net |  |  |  |  |  |  |  |  |  | 7.0 |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 253.3 |
(1) See Note 2 of the Notes to Consolidated Financial Statements for detail of revenue by segment.
(2) Other income includes net gains on asset dispositions.
(3) Direct expenses are comprised primarily of compensation expense and loan administration costs incurred by our auto finance company.
The following table provides information about segment assets:
Segment Assets(1) |  | March 31, 2025 |  | December 31, 2024
Domestic |  | $ | 2,269.7 |  |  | $ | 2,297.9 |
Imports |  | $ | 2,103.4 |  |  | $ | 2,029.8 |
Premium Luxury |  | $ | 3,532.3 |  |  | $ | 3,696.0 |
AutoNation Finance |  | $ | 1,471.0 |  |  | $ | 1,114.4 |
(1) Excludes capital expenditures for active construction projects, which are reflected in segment assets upon completion of the related project.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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