AutoNation Finance Trust 2026-3's issuance is an ABS transaction backed primarily by prime automobile loan receivables. We assigned our preliminary ratings to the class A-1, A-2, A-3, A-4, B, C, and D notes. The preliminary ratings reflect our view of the transaction's credit support, collateral characteristics, and payment and legal structures, among other factors. NEW YORK (S&P Global Ratings) Nov. 2, 2026--S&P Global Ratings today assigned preliminary ratings to AutoNation Finance Trust 2026-3's automobile receivables backed notes (see list). The note issuance is an ABS transaction backed primarily by prime automobile loan receivables. The preliminary ratings are based on information as of Nov. 2, 2026. Subsequent information may result in the assignment of final ratings that differ from the
