AutoNation announced on December 9, 2025 that it has acquired Jerry’s Toyota, a flagship dealership that has served the Baltimore‑Washington corridor for more than six decades. The deal adds a high‑performing Toyota franchise to AutoNation’s portfolio and marks the company’s first Toyota acquisition since 2011. While the financial terms were not disclosed, the transaction is expected to close on or before the announcement date, in line with AutoNation’s typical roll‑up acquisition timeline.
Jerry’s Toyota, founded in 1957, has been a cornerstone of the Mid‑Atlantic automotive market for over 60 years. The dealership’s long‑standing reputation for customer service and its deep roots in the Baltimore community make it a valuable addition to AutoNation’s network of more than 240 dealerships, which generated $27 billion in revenue in 2024. The acquisition also supports AutoNation’s strategy of acquiring high‑performing, legacy dealerships that can be integrated into its diversified business model of new and used vehicle sales, parts and service, and customer financial services.
AutoNation’s Q3 2025 earnings—released the same week—showed revenue of $7.0 billion, up 7% year‑over‑year, and earnings per share of $5.65, a 23% increase from $4.61 a year earlier. The growth was driven by strong demand in core vehicle segments and disciplined cost management, allowing the company to maintain healthy margins despite rising input costs. Management highlighted the acquisition as part of its broader roll‑up strategy, noting that the addition of Jerry’s Toyota will enhance AutoNation’s geographic reach and create synergies in after‑sales and service operations.
Strategically, the deal fits AutoNation’s long‑term plan to consolidate the automotive retail sector. By adding a well‑established Toyota franchise in a high‑performing corridor, the company can leverage its scale to negotiate better supplier terms, expand its customer financial services, and cross‑sell parts and service to a loyal customer base. The acquisition also aligns with a multi‑generational succession plan for Jerry’s Toyota, allowing the dealership’s legacy to continue under AutoNation’s stewardship while providing the owners with a transition that preserves the brand’s heritage.
The transaction is part of a broader industry trend toward consolidation, as larger retailers acquire independent dealerships to increase market share and achieve operational efficiencies. AutoNation’s diversified model and strong cash flow position it to capitalize on this trend, while the addition of Jerry’s Toyota strengthens its competitive stance in the Mid‑Atlantic and positions the company for continued growth in a region that remains a top Toyota market in the United States.
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