AutoNation Announces Updated Estimate of First Quarter EPS from Continuing Operations

FORT LAUDERDALE, Fla., April 6 -- AutoNation, Inc. , America's largest automotive retailer, today announced an updated earnings estimate for the first quarter ended March 31, 2010. The Company now expects earnings per share (EPS) from continuing operations for the first quarter of 2010 to be in the range of $0.32 to $0.35, increased from the previous estimate of $0.29 to $0.32 announced on March 31, 2010. This compares to adjusted EPS from continuing operations of $0.22 for the first quarter of 2009. Adjusted EPS from continuing operations for the first quarter of 2009 excludes the items detailed under "Non-GAAP Financial Measures" below. GAAP EPS from continuing operations was $0.30 for the first quarter of 2009. The Company's prior estimates for first quarter 2010 revenue, new vehicle unit sales and used vehicle unit sales are in line. Details will be provided in the Company's first-quarter earnings release and conference call scheduled for April 22, 2010.

About AutoNation, Inc.

AutoNation, Inc., headquartered in Fort Lauderdale, Fla., is America's largest automotive retailer and has been named America's Most Admired Automotive Retailer by FORTUNE Magazine five times. A component of the Standard and Poor's 500 Index, AutoNation owns and operates 249 new vehicle franchises in 15 states. For additional information, please visit www.autonation.com or corp.autonation.com/investors.