AutoNation April Sales up 11%; Authorizes Additional $250 million for Share Repurchases

AutoNation, Inc. AN today announced that its retail new vehicle unit sales in April 2011, as reported to the applicable automotive manufacturers, totaled 18,266, an increase of 11% as compared to April 2010. AutoNation also announced that on May 3, 2011, its Board of Directors authorized the repurchase of up to an additional $250 million of AutoNation common stock, increasing the total amount authorized under the Company's existing stock repurchase program to $395.9 million.