Three-time premier series champion Tony Stewart announced Wednesday afternoon that he would step away from full-time NASCAR competition following the 2016 season, confirming months of speculation about his future.

One of the most popular and accomplished champions to ever compete in NASCAR's marquee series, Stewart, 44, has won three premier series titles as a driver (2002, 2005, 2011) and two as an owner (2011, 2014), accumulated 48 victories and won over countless hearts as a kind of extreme throw-back talent garnering comparisons to racing's all-time greats such as A.J. Foyt and Dale Earnhardt.

Quite simply, Stewart won in every car he drove. And NASCAR fans always appreciated that about the driver known by his nickname, "Smoke."

Stewart won a NASCAR Sprint Cup Series race in 15 straight seasons from his 1999 rookie year through 2013, and he has 11 NASCAR XFINITY Series wins in 94 starts -- roughly winning once every 10 times he tried. He won twice in six NASCARCamping World Truck Series starts and had five top-10 finishes.

The 1997 IndyCar champion -- and 1996 Indy 500 Rookie of the Race -- proved his mettle against motorsports' best drivers, winning four times in IROC competition, earning the 2006 IROC championship and finishing runner-up in 2001.

In 1999 he completed racing's Memorial Day "Double," finishing ninth in the Indianapolis 500 and fourth in NASCAR's Coca-Cola 600 later that same day in North Carolina. Stewart was the first driver in history to win all three major United States Auto Club national championships -- Midget, Sprint and Silver Crown -- in a single season.

It's been an admittedly uphill climb for the champ after the last three seasons of horrible injury and extreme heartbreak.

He missed the last 15 races in the 2013 season after suffering a compound leg fracture while competing in a sprint car race. Then last year, while still mending from that injury, Stewart was involved in another sprint car accident. This time, another competitor, Kevin Ward Jr., was killed when, after approaching Stewart's car on track during a caution period, Stewart's car struck Ward.

Stewart sat out three Sprint Cup races immediately after. No criminal charges were found to be justified against Stewart; the Ward family filed a civil lawsuit against him a year later.

After making the decision to return to competition in 2014, Stewart spoke about the emotional toll the Ward accident took on him. He explained it was a horrible accident and said, "I don't know if life will ever be normal (again)."

Since then Stewart has struggled to post the kind of top-shelf results he and his fans had grown accustomed to seeing. He said earlier this year that NASCAR's new high downforce, low horsepower car does not suit his style and is actually "the opposite of everything I've ever driven.

"It's like I'm in the middle of a calculus equation and I didn't take pre-calculus,' Stewart told NASCAR.com this May.

He is currently 25th in the Sprint Cup Series driver standings with a sub-standard two top-10 finishes in his No. 14 Bass Pro Shops/Mobil 1 Chevrolet this year.

Stepping away from his NASCAR driving duties, Stewart's focus shifts to running his beloved Eldora Speedway in Ohio and to being a team owner. His resume out of the car is already as impressive as his work behind the steering wheel.

His namesake Stewart-Haas Racing No. 4 team is the reigning Sprint Cup owner champion thanks to Kevin Harvick's 2014 championship run, and two of his team's four drivers -- Harvick and Kurt Busch -- are in this year's Chase for the NASCARSprint Cup.

While his success driving and fielding cars is partly responsible for Stewart's incredible popularity over the years, he is also one of the sport's most robust personalities.

He's not afraid to express his displeasure at his competitors' blunders, and the other drivers have come to expect either face time or bumper time with him after on track run-ins.

And Stewart's "no-fools" tolerance policy extends to the media covering his career. There are highlight reels devoted to showcasing him sparring with reporters in press conferences and on pit road -- his wit and sarcasm legendary with the media corps.

One thing Stewart has across the board is respect -- from his competitors, to the fans and to the media who will be watching closely to see how this next chapter in his career and life plays out.