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Goodwill and Intangible Assets, Net | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Intangible Assets, Net | GOODWILL AND INTANGIBLE ASSETS, NET Goodwill and intangible assets, net, consist of the following:
| September 30, 2025 |  | December 31, 2024
Goodwill | $ | 1,399.5 |  |  | $ | 1,452.9 |
Franchise rights - indefinite-lived | $ | 967.4 |  |  | $ | 861.2 |
Other intangibles | 68.1 |  |  | 68.0 |
| 1,035.5 |  |  | 929.2 |
Less: accumulated amortization | (28.5) |  |  | (23.3) |
Other intangible assets, net | $ | 1,007.0 |  |  | $ | 905.9 |
Goodwill Goodwill for our reporting units is tested for impairment annually as of April 30 or more frequently when events or changes in circumstances indicate that impairment may exist. Under accounting standards, we chose to make a qualitative evaluation about the likelihood of goodwill impairment for our annual impairment testing as of April 30, 2025, for our Domestic, Import, Premium Luxury, AutoNation Finance, and Collision Center reporting units and determined that it was not more likely than not that the fair values of these reporting units were less than their carrying amounts. For our Mobile Service reporting unit, which relates to the mobile automotive repair and maintenance start-up business we acquired in the first quarter of 2023, we elected to perform a quantitative goodwill impairment test as of April 30, 2025, and determined that its fair value was less than its carrying value. As a result, during the three months ended June 30, 2025, we recorded a non-cash goodwill impairment charge of $65.3 million. The non-cash impairment charge is reflected as Goodwill Impairment in the accompanying Unaudited Condensed Consolidated Statements of Income. See Note 14 of the Notes to Unaudited Condensed Consolidated Financial Statements for information about our annual goodwill impairment test. G oodwill allocated to our reporting units and changes in the carrying amount of goodwill for the nine months ended September 30, 2025, were as follows:
| Domestic |  | Import |  | Premium Luxury |  | AN Finance |  | Other |  | Consolidated
Balance as of January 1, 2025 |  |  |  |  |  |  |  |  |  |  |
Goodwill (1) | $ | 363.4 |  |  | $ | 524.3 |  |  | $ | 739.1 |  |  | $ | 78.4 |  |  | $ | 1,676.0 |  |  | $ | 3,381.2 |
Accumulated impairment losses (1) | (140.0) |  |  | — |  |  | (257.4) |  |  | — |  |  | (1,530.9) |  |  | (1,928.3) |
| 223.4 |  |  | 524.3 |  |  | 481.7 |  |  | 78.4 |  |  | 145.1 |  |  | 1,452.9 |
Acquisitions, dispositions, and other adjustments, net (2) | (1.5) |  |  | (0.9) |  |  | 14.3 |  |  | — |  |  | — |  |  | 11.9 |
Impairment | — |  |  | — |  |  | — |  |  | — |  |  | (65.3) |  |  | (65.3) |
Balance as of September 30, 2025 |  |  |  |  |  |  |  |  |  |  |
Goodwill (1) | 361.9 |  |  | 523.4 |  |  | 753.4 |  |  | 78.4 |  |  | 1,676.0 |  |  | 3,393.1 |
Accumulated impairment losses (1) | (140.0) |  |  | — |  |  | (257.4) |  |  | — |  |  | (1,596.2) |  |  | (1,993.6) |
| $ | 221.9 |  |  | $ | 523.4 |  |  | $ | 496.0 |  |  | $ | 78.4 |  |  | $ | 79.8 |  |  | $ | 1,399.5 |
(1) Gross goodwill balance and accumulated impairment losses reflected in “Other” include $1.47 billion associated with our single reporting unit (prior to September 30, 2008, our reporting unit reporting structure was comprised of a single reporting unit). Gross goodwill balance reflected in “Other” also includes amounts associated with the Collision Center, Parts Center, and AutoNation Mobile Service reporting units, as applicable in a given period. (2) Includes amounts reclassified to held for sale and related adjustments, which are presented in Other Current Assets in our Consolidated Balance Sheets as of period end. Intangible Assets Our principal identifiable intangible assets are individual store rights under franchise agreements with vehicle manufacturers. Franchise rights have indefinite lives and are tested for impairment annually as of April 30 or more frequently when events or changes in circumstances indicate that impairment may have occurred. We performed quantitative franchise rights impairment tests as of April 30, 2025, and as a result, we identified nine stores with franchise rights carrying values that exceeded their estimated fair values and we recorded non-cash franchise rights impairment charges of $71.7 million during the three months ended June 30, 2025. See Note 14 of the Notes to Unaudited Condensed Consolidated Financial Statements for information about our annual franchise rights impairment tests.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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