车之国 2026年季度报告

AUTONATION, INC. PART I. FINANCIAL INFORMATION Unaudited Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 Unaudited Condensed Consolidated Statements of Income for the Three Months EndedMarch 31, 2026 and 2025Unaudited Condensed Consolidated Statements of Shareholders’ Equity for the Three Months EndedMarch 31, AUTONATION, INC.UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In millions, except share and per share data) AUTONATION, INC.UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY AUTONATION, INC.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 1.INTERIM FINANCIAL STATEMENTS Business and Basis of Presentation AutoNation, Inc., through its subsidiaries, is one of the largest automotive retailers in the United States. As of March31, 2026, weowned and operated 324 new vehicle franchises from 244 stores located in the United States, predominantly in major metropolitan marketsin the Sunbelt region. Our stores sell 30 different new vehicle brands. The core brands of new vehicles that we sell, representingapproximately 88% of the new vehicles that we sold during the three months ended March31, 2026, are manufactured by Toyota (includingLexus), Honda, Ford, General Motors, Mercedes-Benz, BMW, Stellantis, and Volkswagen (including Audi and Porsche). As of March31, We offer a diversified range of automotive products and services, including new vehicles, used vehicles, “parts and service” (alsoreferred to as “After-Sales”), which includes automotive repair and maintenance services as well as wholesale parts and collisionbusinesses, and automotive “finance and insurance” products (also referred to as “Customer Financial Services”), which include vehicleservice and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. We The accompanying Unaudited Condensed Consolidated Financial Statements include the accounts of AutoNation, Inc. and itssubsidiaries; intercompany accounts and transactions have been eliminated. The accompanying Unaudited Condensed ConsolidatedFinancial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financialinformation and in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, they do notinclude all of the information and notes required by GAAP for complete financial statements. Additionally, operating results for interim The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affectthe reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and thereported amounts of revenue and expenses during the reporting period. In preparing these financial statements, management has made itsbest estimates and judgments of certain amounts included in the financial statements. We base our estimates and judgments on historicalexperience and other assumptions that we believe are reasonable. However, application of these accounting policies involves the exercise ofjudgment and use of assumptions as to future uncertainties and, as a result, actual results could differ materially from these estimates. Weperiodically evaluate estimates and assumptions used in the preparation of the financial statements and make changes on a prospective basis AUTONATION, INC.NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Recent Accounting Pronouncements Disaggregation of Income Statement Expenses In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense DisaggregationDisclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, that requires disclosure of the amounts of purchases ofinventory, employee compensation, depreciation, and intangible asset amortization included in each relevant expense line item on theincome statement. The accounting standard update also requires a qualitative description of other amounts included in each relevant expenseline item on the income statement that are not separately disclosed. In addition, entities are required to disclose the nature and amount of Capitalization of Internal-Use Software In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40):Targeted Improvements to the Accounting for Internal-Use Software, that amends the accounting guidance on the timing of capitalization ofinternally-developed software costs by removing references to software development stages, and provides guidance on how to determinewhen it is probable that a project will be completed and a software will be used to perform the function intended. The accounting standard The accounting standard update is effective beginning after December 15, 2027, with early adoption permit