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AutoNation Exhibit 99.1 Contact : Marc Cannon ( 954 ) 769-3146 cannonm@autonation.com ● Robert Quartaro ( 954 ) 769-7342 quartaror@autonation.com AutoNation Reports All - Time Record Quarterly EPS Second quarter 2021 GAAP EPS from continuing operations was an all - time record $ 4.83 , an increase of 52 % compared to second quarter 2020 GAAP EPS from continuing operations of $ 3.18 , and an increase of 243 % compared to second quarter 2020 adjusted EPS from continuing operations of $ 1.41 There were no adjustments in the second quarter of 2021 Second quarter 2021 total revenue was an all - time record $ 7.0 billion ; same - store revenue of $ 7.0 billion increased 54 % compared to the same period a year ago and increased 33 % compared to the second quarter of 2019 Second quarter 2021 same - store gross profit increased 68 % compared to the same period a year ago and increased 52 % compared to the second quarter of 2019 Second quarter 2021 SG & A as a percentage of gross profit was 56.5 % , an improvement of 1,170 basis points compared to adjusted SG & A as a percentage of gross profit of 68.2 % in the prior year During the second quarter of 2021 , AutoNation repurchased 7.5 million shares of common stock , or 9 % of shares outstanding , for an aggregate purchase price of $ 736 million Year - to - date through July 15 , 2021 , AutoNation repurchased 12.9 million shares of common stock , or 15 % of shares outstanding , for an aggregate purchase price of $ 1.2 billion Operational Summary Second quarter 2021 Operational Summary : AutoNation today announced that the Board of Directors authorized the repurchase of up to an additional $ 1 billion of AutoNation common stock - FORT LAUDERDALE , Fla . , ( July 19 , 2021 ) — AutoNation , Inc. ( NYSE : AN ) , America's largest and most recognized automotive retailer , today reported second quarter 2021 net income from continuing operations of $ 385 million , or $ 4.83 per share . Second quarter 2020 net income from continuing operations was $ 280 million , or $ 3.18 per share , which included a non - cash unrealized gain related to our investment in Vroom of $ 161 million after - tax , or $ 1.82 per share . Reconciliations of non - GAAP financial measures are included in the attached financial tables . Mike Jackson , AutoNation's Chief Executive Officer , stated , " Demand continues to outpace supply for new vehicles . We expect this to continue into 2022 due to consumers ' preference for personal transportation coupled with lower interest rates . " New Vehicle Retail Unit Sales - Same - store new vehicle unit sales increased 42 % compared to the prior year and increased 12 % compared to the second quarter of 2019 . Used Vehicle Retail Unit Sales - Same - store used vehicle unit sales increased 37 % compared to the prior year and increased 32 % compared to the second quarter of 2019 . Revenue - Same - store revenue was an all - time record $ 7.0 billion , an increase of 54 % compared to the year - ago period and an increase of 33 % compared to the second quarter of 2019 . Gross Profit - Same - store gross profit totaled $ 1.3 billion , an increase of 68 % compared to the year - ago period and an increase of 52 % compared to the second quarter of 2019 .