$AN

AutoNation reported $42.0M in floorplan interest expense for Q2 2026, averaging $664 per vehicle sold. Stellantis reduced North American shipments by 12% due to planned production downtime, particularly for Jeep models. Industry incentives were down 8.8% year-over-year. Affordable vehicle segments have thin inventory, with average loan rates at 9.45%. Model-year 2027 vehicles made up 22.4% of inventory in September, up from 12.4% in August.

Lithia & Driveway's Q2 adjusted net income fell 5% YoY to $227.6M, while EPS rose 9% to $10.03. Six major dealer groups saw combined profit drop 11% to $951M, with all firms reporting declines. Gross profit per new vehicle fell 12.3% to $3,161, with companies using share buybacks to boost EPS. Penske Automotive Group is being acquired for $16.3B. Service and finance operations are increasingly important for profitability.

AutoNation, Inc. (NYSE:AN) has appointed Mark Stewart, CEO of Goodyear, to its board of directors. Stewart brings extensive automotive and manufacturing experience from roles at Stellantis, Amazon, and other firms. AutoNation operates a large network of U.S. dealerships.

AUTONATION, INC. (AN) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Exhibit 99.1 Contact: Lisa Rhodes Ryans (954) 769-4120 publicrelations@autonation.com Investor Contact: Derek Fiebig (954) 769-2227 fiebigd@autonation.com AutoNation Appoints Mark Stewart to Board of Directors FORT LAUDERDALE, Fla., October 16, 2026 — AutoNation, Inc. (NYSE: AN),

AutoNation, Inc. announced the addition of Mark Stewart, CEO of Goodyear Tire & Rubber Company, to its board of directors. Stewart brings global leadership experience in automotive, manufacturing, and technology sectors, according to AutoNation's Chairman Rick Burdick.

Car buyers are walking away due to high prices and interest rates, impacting publicly traded dealerships. Bank of America analysts lowered earnings estimates for Asbury (ABG), AutoNation (AN), and Group 1 (GPI) citing weaker demand. Average new vehicle price is above $50,000, with price increases across segments. Dealers report pushback on pricing and deferred repair work.

UBS lowered its price target for AutoNation from $248 to $213 but maintained a buy rating. The stock is currently trading at $156.35, down 1.13% on the day and 23.41% year-to-date.

Morgan Stanley downgraded AutoNation (AN) and Group 1 (GPI) due to earnings revisions, higher rates, and industry challenges. AN was cut to Equal-weight with a $175 target, while GPI was lowered to Underweight with a $232 target. The bank cited declining new-vehicle profits, service growth moderation, and macroeconomic pressures. Morgan Stanley also reduced EPS estimates and price targets for franchise dealers, expecting further downward revisions as Q3 results are reported.

Wall Street analysts issued updates on several companies. Estee Lauder (EL) was upgraded to Outperform with a $108 target, Harley-Davidson (HOG) to Buy with a $33 target, Microsoft (MSFT) to Buy with a $665 target, and Wells Fargo (WFC) to Overweight with a $102 target. Align Technology (ALGN) was downgraded to In Line with a $155 target, and HubSpot (HUBS) to Market Perform. Bitcoin (BTC) saw volatility, trading around $86,120 after a Citigroup $113,000 target.

Analysts updated ratings and price targets for multiple companies. Estee Lauder (EL) was upgraded to Overweight with a new target of $108 by Barclays. Nike (NKE) was downgraded to Neutral with a target reduced to $35 by CTBC. Intel (INTC) and Nvidia (NVDA) saw target increases, while Tesla (TSLA) was kept at Reduce with a higher target.