v3.26.1
Shareholders' Equity
 6 Months Ended
Jun. 30, 2026
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 EndedSix Months Ended
June 30,June 30,
2026202520262025
Shares repurchased
0.8 0.2 2.3 1.5 
Aggregate purchase price (1)
$157.0 $29.0 $457.0 $253.8 
Average purchase price per share$199.84 $157.57 $200.59 $164.07 
(1) Excludes the excise tax imposed under the Inflation Reduction Act of $1.6 million and $4.2 million for the three and six months ended June 30, 2026, respectively, and $0.3 million and $2.1 million for the three and six months ended June 30, 2025, respectively.
As of June 30, 2026, $618.9 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.
The following table presents a summary of shares of common stock issued and shares surrendered to AutoNation to satisfy tax withholding obligations, each in connection with the settlement of RSUs:
Three Months EndedSix Months Ended
June 30,June 30,
(In actual number of shares)2026202520262025
Shares issued80377321,752318,572
Shares surrendered to AutoNation to satisfy tax withholding obligations
22826115,049108,634