Asbury Automotive Group, Inc. (N:ABG)

Business Focus: Auto Vehicles, Parts & Service Retailers

Sector:  Consumer Cyclicals Industry:  Auto Vehicles, Parts & Service Retailers
 
See Regulatory Filings on SEC
Company Contact
Address: SUITE 300, 2905 PREMIERE PARKWAY NW
DULUTH GA 30097
Tel: 1-770-4188211
Website: https://www.asburyauto.com
IR: See website
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Key People
David W. Hult
President, Chief Executive Officer, Executive Director
Michael Welch
Chief Financial Officer, Senior Vice President
Jed M. Milstein
Chief Human Resource Officer, Senior Vice President
George A. Villasana
Senior Vice President, Chief Legal Officer & Secretary
Daniel Clara
Senior Vice President - Operations
Miran Maric
Senior Vice President - Strategy and Innovation
Business Overview
Asbury Automotive Group, Inc. is an automotive retailer company. The Company operates through two segments: Dealerships and Total Care Auto (TCA). The Company offers a range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services, and finance and insurance (F&I) products, which includes arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) debt cancellation and prepaid maintenance. The Company operates approximately 160 new vehicle dealerships, consisting of 208 franchises, representing 31 domestic and foreign brands of vehicles. Its TCA, powered by Landcar, is a provider of service contracts and other vehicle protection products, and 37 collision repair centers.
Financial Overview
For the fiscal year ended 31 December 2023, Asbury Automotive Group, Inc. revenues decreased 4% to $14.8B. Net income decreased 40% to $602.5M. Revenues reflect Same Store Sales Growth (%)-Used decrease from 8 to -12%, Value of Retail Sales-Used decrease of 17% to $4.02B. Net income also reflects Merchandise Margins -%-New decrease of 21% to 9.2%, Merchandise Margins, Total - % decrease of 7% to 18.7%.
Employees: 15,000 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $9,709M as of Dec 31, 2023
Annual revenue (TTM): $14,803M as of Dec 31, 2023
EBITDA (TTM): $1,138M as of Dec 31, 2023
Net annual income (TTM): $602.50M as of Dec 31, 2023
Free cash flow (TTM): $170.70M as of Dec 31, 2023
Net Debt Last Fiscal Year: $4,940M as of Dec 31, 2023
Shares outstanding: 20,404,121 as of Feb 27, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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