AutoNation Projects $150M AutoNation Finance Cash Flow for 2027 and Increases Share Buyback Authorization
AutoNation (NYSE: AN) reported its third-quarter 2026 results, highlighting a streak of seven consecutive quarters of year-over-year adjusted earnings per share (EPS) growth. CEO Michael Manley attributed this performance to the fundamental strength of the company's business model. Looking ahead, the company provided optimistic guidance for its financing division, projecting that AutoNation Finance will generate at least $150 million in cash flow by 2027. Additionally, management has expanded its share repurchase authorization to $1 billion, signaling confidence in long-term value creation and capital allocation strategy.