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AutoNation To Present At Stephens Conference

FORT LAUDERDALE, Fla., March 8 -- AutoNation, Inc. , America's largest automotive retailer, announced that Chief Executive Officer Mike Jackson and Chief Financial Officer Craig T. Monaghan will present at the Third Annual Stephens Inc. Automotive Retailing Industry Conference being held in New York at 8:15 a.m. EST on Thursday, March 11, 2004. The presentation will cover AutoNation's financial results and an overview of company strategies.

A copy of the presentation will be available on AutoNation's web site at www.AutoNation.com.

About AutoNation, Inc.

AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's largest automotive retailer. Ranked No. 93 on the 2003 Fortune 500 and a component of the Standard and Poor's 500 Index, AutoNation employs approximately 28,000 people and owns and operates 372 new vehicle franchises in 18 states. For additional information, please visit http://corp.autonation.com/ or www.AutoNation.com, where more than 100,000 vehicles are available for sale.

FORWARD-LOOKING STATEMENTS

Certain statements and information included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company undertakes no duty to update its forward- looking statements, including its earnings outlook.

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