Cascade Investment Amends AutoNation Filing

TL;DR

Gates' Cascade Investment updated its AutoNation filing on 7/31. Ownership details TBD.

AI Summary

Cascade Investment, L.L.C., an entity associated with William H. Gates III, has filed an amendment (Amendment No. 3) to its Schedule 13D for AutoNation, Inc. on July 31, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or percentage changes are not detailed in this excerpt. AutoNation, Inc. is a retail auto dealer and gasoline station company.

Why It Matters

This filing signals a potential shift in the ownership structure or investment strategy of a significant shareholder in AutoNation, which could influence market perception and stock performance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate strategic moves by major investors, potentially impacting stock price and requiring further investigation.

Key Players & Entities

• Cascade Investment, L.L.C. (company) — Filer of the Schedule 13D/A
• William H. Gates III (person) — Associated with the filer
• AutoNation, Inc. (company) — Subject company
• 0001104659-24-084439 (filing_id) — Accession number for the filing
• 20240731 (date) — Filing date

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, Par Value $0.01 (Title of Class of Securities) 05329

Filing Documents

• tm2420584d1_sc13da.htm (SC 13D/A) — 41KB
• 0001104659-24-084439.txt ( ) — 43KB

From the Filing

SC 13D/A 1 tm2420584d1_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3)* AutoNation, Inc. (Name of Issuer) Common Stock, Par Value $0.01 (Title of Class of Securities) 05329W102 (CUSIP Number) Jeff Shim, Esq. 2365 Carillon Point Kirkland , WA 98033 (425) 889-7900 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 31, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 05329W102 1. Names of Reporting Persons Cascade Investment, L.L.C. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) WC 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or (e) 6. Citizenship or Place of Organization State of Washington Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 9,871,303 (1) 8. Shared Voting Power -0- 9. Sole Dispositive Power 9,871,303 (1) 10. Shared Dispositive Power -0- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 9,871,303 (1) 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 24.9% (2) 14. Type of Reporting Person (See Instructions) OO (1) All shares of the common stock, $0.01 par value per share (the “Common Stock”), of AutoNation, Inc. (the “Issuer”) held by Cascade Investment, L.L.C. (“Cascade”), may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade. (2) Based on 39,700,000 shares of Common Stock outstanding as of June 30, 2024, as reported in Exhibit 99.1 to the Issuer’s Form 8-K filed on July 31, 2024. CUSIP No. 05329W102 1. Names of Reporting Persons William H. Gates III 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Source of Funds (See Instructions) WC 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or (e) 6. Citizenship or Place of Organization United States of America Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 9,871,303 (1) 8. Shared Voting Power -0- 9. Sole Dispositive Power 9,871,303 (1) 10. Shared Dispositive Power -0- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 9,871,303 (1) 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 24.9% (2) 14. Type of Reporting Person (See Instructions) IN (1) All shares of the Common Stock of the Issuer held by Cascade may be deemed to be beneficially owned by William H. Gates III as the sole member of Cascade. (2) Based on 39,700,000 shares of Common Stock outstanding as of June 30, 2024, as reported in Exhibit 99.1 to the Issuer’s Form 8-K filed on July 31, 2024. EXPLANATORY STATEMENT This Amendment No. 3 to Schedule 13D (“Amendment”) amends and supplements the Schedule 13D previously filed by Cascade Investment, L.L.C. (“Cascade”) and William H. Gates III (together with Cascade, the “Reporting Persons”) with the Securities and Exchange Commission on February 21, 2023, as amended July 24, 2023 and February 13, 2024, relating to the common stock, par value $0.01 per share (the “Common Stock”), of AutoNation, Inc. (the “Issuer”). The information set forth in response to each separate Item below shall be deemed to be a response to all Items where such information is relevant. Information in the Schedule 13D remains in effect except to the extent that it is amended or superseded by subsequently filed information, including information in this Amendment. This Amendment is being filed due to an incr