Risk Sleuth
AN · 10-K filed 12 Feb 2026 · year to 31 Dec 2025

AutoNation

37 named things its latest annual report says its results depend on, each in the company's own words. 22 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

AutoNation Finance auto loan borrowers

insures or lends to · $1.9 billion of non-recourse debtnamed as a risk
Credit losses are an inherent risk of our auto loan portfolio, and changes in the availability or cost of financing, such as our securitized funding sources or warehouse facilities, to support the origination of auto loans receivable could adversely affect our results of operations.Risk factors (Item 1A)

Manufacturer warranty receivables

earns fromnamed as a risk
At any particular time, we have significant receivables from manufacturers for warranty and service work performed for customers.Risk factors (Item 1A)

Suppliers

General Motors

depends on · 10.9named as a risk
The core brands of vehicles that we sell, representing approximately 89% of the new vehicles that we sold in 2025, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, BMW, Mercedes-Benz, Stellantis, and Volkswagen (including Audi and Porsche).Risk factors (Item 1A)

Also named by ALLY, BRK/B, BWA, GNTX, LEA, THO, UHAL/B

Stellantis

depends on · 5.1named as a risk
The core brands of vehicles that we sell, representing approximately 89% of the new vehicles that we sold in 2025, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, BMW, Mercedes-Benz, Stellantis, and Volkswagen (including Audi and Porsche).Risk factors (Item 1A)

Also named by ACHR, ALLY, BWA, LEA, MOD, THO

Ford Motor Company

depends on · 12.8named as a risk
The core brands of vehicles that we sell, representing approximately 89% of the new vehicles that we sold in 2025, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, BMW, Mercedes-Benz, Stellantis, and Volkswagen (including Audi and Porsche).Risk factors (Item 1A)

Also named by DCH, GTX, UHAL/B

Mercedes-Benz

depends on · 8.8named as a risk
The core brands of vehicles that we sell, representing approximately 89% of the new vehicles that we sold in 2025, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, BMW, Mercedes-Benz, Stellantis, and Volkswagen (including Audi and Porsche).Risk factors (Item 1A)

Also named by LEA, PAG, THO

BMW

depends on · 9.0named as a risk
The core brands of vehicles that we sell, representing approximately 89% of the new vehicles that we sold in 2025, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, BMW, Mercedes-Benz, Stellantis, and Volkswagen (including Audi and Porsche).Risk factors (Item 1A)

Also named by LEA, PAG

Toyota Motor Corporation

depends on · 21.5named as a risk
The core brands of vehicles that we sell, representing approximately 89% of the new vehicles that we sold in 2025, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, BMW, Mercedes-Benz, Stellantis, and Volkswagen (including Audi and Porsche).Risk factors (Item 1A)

Honda Motor Co.

depends on · 12.1named as a risk
The core brands of vehicles that we sell, representing approximately 89% of the new vehicles that we sold in 2025, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, BMW, Mercedes-Benz, Stellantis, and Volkswagen (including Audi and Porsche).Risk factors (Item 1A)

Volkswagen

depends onnamed as a risk
The core brands of vehicles that we sell, representing approximately 89% of the new vehicles that we sold in 2025, are manufactured by Toyota (including Lexus), Honda, Ford, General Motors, BMW, Mercedes-Benz, Stellantis, and Volkswagen (including Audi and Porsche).Risk factors (Item 1A)

Also named by BWA, LEA, MOD, THO

CDK Global

depends onnamed as a risk
The incident resulted in outages of our DMS and Core Functions (the “CDK outage”), causing disruption and adverse impacts to our business, including our productivity.Risk factors (Item 1A)

Also named by PAG

Partners and platforms

TrueCar

$12.8 millionnamed as a risk
Additionally, we have minority ownership stakes in and productive collaborations with Waymo, the self-driving technology company of Alphabet Inc., and TrueCar, a leading automotive digital marketplace that lets auto buyers and sellers connect to its nationwide network of certified dealers.Business (Item 1)

Waymo

Additionally, we have minority ownership stakes in and productive collaborations with Waymo, the self-driving technology company of Alphabet Inc., and TrueCar, a leading automotive digital marketplace that lets auto buyers and sellers connect to its nationwide network of certified dealers.Business (Item 1)

Also named by GOOG, UBER

Other companies

Vehicle floorplan financing

depends on · $38.3 millionnamed as a risk
Based on these amounts, a 100 basis point change in interest rates would result in an approximate change to our annual floorplan interest expense of $38.3 million in 2025 and $37.1 million in 2024.Market risk (Item 7A)

Competitors

Electric vehicle manufacturers selling direct to consumers

competes withnamed as a risk
We face increased competition for market share from other automotive retailers and sales platforms, including electric vehicle manufacturers who sell directly to consumers, that have also invested substantial resources on offering their vehicles and services through digital channels.Risk factors (Item 1A)

Places

Florida

concentrated in · 26named as a risk
Our stores are concentrated in states and regions in the United States, including primarily Florida, Texas, and California, in which actual or threatened natural disasters and severe weather events (such as hailstorms, hurricanes, earthquakes, fires, tornadoes, snowstorms, and landslides) may disrupt our store operations, which may adversely impact our business, results of operations, financial condition, and cash flows.Risk factors (Item 1A)

Also named by ABR, ALLY, AXP, AZO, BBY, BJ, BRO, CELH and 54 more

Texas

concentrated in · 20named as a risk
Our stores are concentrated in states and regions in the United States, including primarily Florida, Texas, and California, in which actual or threatened natural disasters and severe weather events (such as hailstorms, hurricanes, earthquakes, fires, tornadoes, snowstorms, and landslides) may disrupt our store operations, which may adversely impact our business, results of operations, financial condition, and cash flows.Risk factors (Item 1A)

Also named by ABR, AFRM, ALLY, ASO, ASTS, ATO, AXP, AZO and 70 more

California

concentrated in · 19named as a risk
Our stores are concentrated in states and regions in the United States, including primarily Florida, Texas, and California, in which actual or threatened natural disasters and severe weather events (such as hailstorms, hurricanes, earthquakes, fires, tornadoes, snowstorms, and landslides) may disrupt our store operations, which may adversely impact our business, results of operations, financial condition, and cash flows.Risk factors (Item 1A)

Also named by A, AAON, AFRM, ALK, ALLY, ARE, AVAV, AWK and 88 more

Colorado

operates in · 7
As of December 31, 2025, we operated stores in the following states:Business (Item 1)

Also named by BBSI, BKH, CVX, DMLP, ENSG, FPI, MLM, PLTR and 4 more

Sunbelt region

concentrated in
As of December 31, 2025, we owned and operated 323 new vehicle franchises from 245 stores located in the United States, predominantly in major metropolitan markets in the Sunbelt region.Business (Item 1)

Irving, Texas shared service center

operates in
Additionally, we are able to improve financial controls and lower servicing costs by maintaining many key store-level accounting and administrative activities in our shared service center located in Irving, Texas.Business (Item 1)

Hazards

Hurricanes

concentrated innamed as a risk
In our case in particular, our operations are concentrated in states and regions in which natural disasters and severe weather events (such as hailstorms, hurricanes, earthquakes, fires, tornadoes, snowstorms, and landslides) may subject us to substantial risk of property loss and operational disruption.Business (Item 1)

Also named by AIG, ASO, BAC, BBY, BJ, BPOP, BRO, CAVA and 89 more

Earthquakes

concentrated innamed as a risk
In our case in particular, our operations are concentrated in states and regions in which natural disasters and severe weather events (such as hailstorms, hurricanes, earthquakes, fires, tornadoes, snowstorms, and landslides) may subject us to substantial risk of property loss and operational disruption.Business (Item 1)

Also named by AAPL, AMKR, ANET, APP, BRO, CDNS, CEG, CGNX and 37 more

Hailstorms

concentrated innamed as a risk
In our case in particular, our operations are concentrated in states and regions in which natural disasters and severe weather events (such as hailstorms, hurricanes, earthquakes, fires, tornadoes, snowstorms, and landslides) may subject us to substantial risk of property loss and operational disruption.Business (Item 1)

Also named by PGR

Commodities and inputs

Fuel prices

exposed to its pricenamed as a risk
Sales of certain vehicles, particularly trucks and sport utility vehicles that historically have provided us with higher gross profit per vehicle retailed, are sensitive to fuel prices and the level of construction activity.Risk factors (Item 1A)

Also named by AZO, CPAY, ORLY

Regulators

Consumer Financial Protection Bureau (CFPB)

subject tonamed as a risk
Further, the CFPB has supervisory authority over certain non-bank lenders, including automotive finance companies, such as our captive auto finance company.Risk factors (Item 1A)

Also named by ABNB, AFRM, ALLY, AUB, AXP, BAC, CASH, CFG and 61 more

Federal Trade Commission (FTC)

subject to
In addition, automotive dealers are subject to regulation by the Federal Trade Commission (the “FTC”).Business (Item 1)

Also named by AMZN, AVGO, BJ, CART, CELH, CHD, CHE, CI and 56 more

Laws and programs

Manufacturer floorplan assistance

depends on · $3.8 billion of variable rate vehicle floorplan payablenamed as a risk
We cannot assure you that a significant increase in interest rates or inventory levels or decrease in manufacturer floorplan assistance would not have a material adverse effect on our business, financial condition, results of operations, or cash flows.Risk factors (Item 1A)

CERCLA

subject tonamed as a risk
Some of our stores are parties to proceedings under the Comprehensive Environmental Response, Compensation, and Liability Act, or CERCLA, typically in connection with materials that were sent to former recycling, treatment, and/or disposal facilities owned and operated by independent businesses.Business (Item 1)

Also named by AA, AAOI, ALB, APD, APLD, ATI, AWK, BMY and 27 more

Dodd-Frank Act

subject tonamed as a risk
Although automotive dealers are generally excluded from the Dodd-Frank Act, the CFPB could engage in additional, indirect regulation of automotive dealers, in particular, their sale and marketing of finance and insurance products, through its regulation of automotive finance companies and other financial institutions.Risk factors (Item 1A)

Also named by AFL, BGC, CNX, CPAY, EPD, EQT, FITB, GS and 14 more

U.S. tariffs on imported vehicles and parts

subject tonamed as a risk
The imposition of new tariffs, quotas, duties, or other restrictions or limitations, including the tariffs announced by the U.S. government beginning in the first quarter of 2025 on imported vehicles and parts, could increase prices for vehicles and/or parts imported into the United States, limit the availability of such vehicles and/or parts, and adversely impact affordability and demand for such vehicles and/or parts, which in turn could have a material adverse effect on our business and results of operations.Risk factors (Item 1A)

State automotive dealership franchise laws

subject tonamed as a risk
Furthermore, we rely on the protection of state franchise laws in the states in which we operate and if those laws are repealed or weakened, our framework, franchise, and related agreements may become more susceptible to termination, non-renewal, or renegotiation.Risk factors (Item 1A)

Fuel economy and greenhouse gas emission standards

subject tonamed as a risk
Significant increases in fuel economy requirements or new federal or state restrictions on emissions of carbon dioxide that may be imposed on vehicles and automobile fuels could adversely affect demand for vehicles, annual miles driven, or the products we sell.Risk factors (Item 1A)

Manufacturer stair-step incentive programs

depends onnamed as a risk
If those manufacturers continue to use such incentive programs or if other manufacturers adopt similar incentive programs, our operating results could be adversely impacted.Risk factors (Item 1A)

Resource Conservation and Recovery Act

subject to
Storage tanks are subject to periodic testing, containment, upgrading, and removal under the Resource Conservation and Recovery Act and its state law counterparts.Business (Item 1)

Also named by CDE, CLH, CTAS, ESI, HL, LB, MLM, NUE and 7 more

Truth-in-Lending Act

subject to
Our financing activities with customers, including our origination and servicing activities through our captive auto finance company, are subject to the federal Truth-in-Lending Act, Consumer Leasing Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, federal and state prohibitions against unfair, deceptive, and abusive acts and practices, and various other federal laws and regulations, as well as state and local motor vehicle finance laws, leasing laws, collection, repossession, and installment finance laws, usury laws, and other installment sales and leasing laws and regulations.Business (Item 1)

Also named by COF, EZPW, NLY

National Traffic and Motor Vehicle Safety Act

subject to
Our operations are subject to the National Traffic and Motor Vehicle Safety Act, Federal Motor Vehicle Safety Standards promulgated by the United States Department of Transportation, and the rules and regulations of various state motor vehicle regulatory agencies.Business (Item 1)