AutoNation reported third-quarter net income of $162.3 million on October 30, down 25% from $215.1 million a year earlier. Revenue was approximately $7.0 billion, little changed from the comparable quarter.
Reported diluted earnings fell to $4.87 a share from $5.65. Adjusted diluted earnings increased 2% to $5.11, even as adjusted net income declined 11% to $170.3 million. A lower share count helped explain that difference: diluted weighted-average shares fell 13% to 33.3 million.
Same-store new-vehicle retail sales declined 5% to 62,356 units, and used-vehicle retail sales fell 6% to 63,703. Same-store revenue was down 2%.
The company said after-sales gross profit reached a record, with customer-pay growth of 6%.
AutoNation repurchased $620 million of shares during the first nine months. Its board authorized an additional $1 billion for buybacks in October; approximately $1.4 billion remained available under the program as of October 28.
Adjusted earnings exclude specified costs and are not interchangeable with reported profit. These figures cover the quarter ended September 30; the results and updated authorization were disclosed October 30.
Sources: AutoNation’s — October 30 Results: https://www.nasdaq.com/press-release/autonation-reports-third-quarter-2026-results-2026-10-30