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 |
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 |