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AutoNation To Hold Earnings Conference Call, Webcast Thursday, October 26 At 11:00 am ET

Oct. 16, 2000

FORT LAUDERDALE, Fla., Oct. 16 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), America's largest automotive retailer on and off the web, announced today that it is scheduled to release its third quarter results of operations on Thursday, October 26 at 7:00 a.m. Eastern Time. The Company will discuss its third quarter results during a conference call and audio webcast on Thursday, October 26, 2000, at 11:00 a.m. Eastern Time.

Michael J. Jackson, Chief Executive Officer; Michael E. Maroone, President and Chief Operating Officer; and Craig T. Monaghan, Chief Financial Officer, will provide an overview of the Company's third quarter performance and an outlook for the remainder of the year.

To listen live to the conference call, dial 800-260-0702 or listen via an audio webcast by visiting www.autonation.com and clicking on the "Visit Our Corporate Site" icon. A playback of the conference call will be available after 2:00 p.m. through November 3, 2000. The playback can be accessed by calling 800-475-6701 (access code: 543271) or by visiting the Audio Presentations section of the Investor Relations page of AutoNation's corporate site.

Headquartered in Fort Lauderdale, Florida, AutoNation offers the country's most extensive owned-inventory of new and used vehicles, along with one of the Internet's most comprehensive packages of easy-to-use direct shopping tools. The 2000 Fortune 500 list ranks AutoNation at number 63, while the Company is ranked 168th in the 2000 Fortune Global 500. More information is available at AutoNation's corporate web site at www.autonation.com. SOURCE AutoNation, Inc.

CONTACT: Kevin Courtney of AutoNation, Inc., 954-769-2850, or courtneyk@autonation.com/

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