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Exhibit 99.1 AutoNation . Contact : Marc Cannon ( 954 ) 769-3146 cannonm@autonation.com Robert Quartaro ( 954 ) 769-7342 quartaror@autonation.com AutoNation Reports First Quarter GAAP EPS from Continuing Operations of $ 2.85 , and All - Time Record Quarter Adjusted EPS from Continuing Operations of $ 2.79 • • • • • • First quarter 2021 GAAP EPS from continuing operations was $ 2.85 , compared to first quarter 2020 loss per share from continuing operations of $ 2.58 First quarter 2021 Adjusted EPS from continuing operations was an all - time record $ 2.79 , an increase of 207 % compared to Adjusted EPS from continuing operations of $ 0.91 in the prior year First quarter 2021 same store revenue and same store gross profit were each up 27 % , compared to the same period a year ago First quarter 2021 SG & A as a percentage of gross profit was 62.7 % , an improvement of 1,120 basis points compared to the prior year During the first quarter of 2021 , AutoNation repurchased 3.8 million shares of common stock for an aggregate purchase price of $ 306 million AutoNation announces agreement to acquire 11 stores and 1 collision center operating in Hilton Head and Columbia , South Carolina , and Savannah , Georgia , from Peacock Automotive Group , representing approximately $ 380 million in annual revenue AutoNation is targeting to have over 130 AutoNation USA stores in operation from coast - to - coast by the end of 2026 AutoNation targets selling 1 million combined new and pre - owned vehicles annually FORT LAUDERDALE , Fla . , ( April 20 , 2021 ) AutoNation , Inc. ( NYSE : AN ) , America's largest and most recognized automotive retailer , today reported first quarter 2021 net income from continuing operations of $ 240 million , or $ 2.85 per share . First quarter 2021 GAAP results included a gain related to the sale of our remaining equity investment in Vroom of $ 6 million after - tax , or $ 0.07 per share . First quarter 2020 net loss from continuing operations was $ 232 million , or $ 2.58 per share . In the first quarter of 2020 , the Company recorded non - cash goodwill , franchise rights , and other impairment charges totaling $ 315 million after - tax , or $ 3.49 per share . These non- cash charges were primarily the result of COVID - 19 related impacts to the business and market valuation . First quarter 2021 Adjusted EPS from continuing operations was an all - time record $ 2.79 , an increase of 207 % , compared to the first quarter 2020 Adjusted EPS from continuing operations of $ 0.91 . Reconciliations of non - GAAP financial measures are included in the attached financial tables . Operational Summary First quarter 2021 Operational Summary : • • New Vehicle Retail Unit Sales - Same - store new vehicle unit sales increased 22 % compared to the prior year and increased 12 % compared to the first quarter of 2019 . Used Vehicle Retail Unit Sales - Same - store used vehicle unit sales increased 28 % compared to the prior year and increased 20 % compared to the first quarter of 2019 . • Revenue - Same - store revenue was $ 5.9 billion , an increase of 27 % compared to the year - ago period . • Gross Profit - Same - store gross profit totaled $ 1.0 billion , an increase of 27 % compared to the year - ago period . • • New Vehicle Gross Profit - Same - store new vehicle gross profit per vehicle retailed was $ 2,739 , up $ 1,041 or 61 % compared to the year - ago period . Used Vehicle Gross Profit - Same - store used vehicle gross profit per vehicle retailed was $ 1,744 , up $ 255 or 17 % compared to the year - ago - period .