AutoNation CEO Mike Manley Buys $1.0 Million Of Company Stock
Manley's open-market purchase lifts his direct holding to 157,186 shares, bought below the stock's 2025 year-end close.
AutoNation CEO and director Michael Mark Manley bought 5,600 shares of the car retailer on the open market Monday at an average price of $184.11, a purchase valued at $1.0 million, an SEC filing shows. The stock is down for the year.
Two lots, one Monday
Manley bought the shares in two lots: 3,708 at a weighted average of $183.84 and 1,892 at $184.65. Each lot was filled across multiple trades, the first between $183.3365 and $184.3087 and the second between $184.3446 and $185.1850.
The purchase leaves him with 157,186 shares held directly, worth about $28.8 million at Wednesday's close. The new shares equal 3.56% of that reported stake. The filing, a Form 4, is the report insiders file after trading, and was made Wednesday.
It is the only Form 4 purchase Manley filed from August 6 through Wednesday.
Buying below the year-end price
AutoNation sells new and used vehicles through franchised dealerships and also runs repair, collision, parts, and financing and protection businesses. As of December 31, 2025, it owned 323 new vehicle franchises at 245 stores, 26 AutoNation USA used vehicle stores and 52 collision centers.
Manley's average price of $184.11 compares with a 2025 year-end close of $206.48. The stock was down about 13.5% for the year at Tuesday's close, and it closed Wednesday at $183.47. Its 52-week range runs from $151.82 to $235.81.
Manley's average price sat within a dollar of Wednesday's $183.47 close.
Sources
- Form 4 — Michael Mark Manley (AN) — SEC EDGAR
