Asbury Automotive Group, Inc. (N:ABG)
Business Focus: Auto Vehicles, Parts & Service Retailers
Apr 16, 2024 07:00 am ET
Asbury Automotive Group Releases 2023 Corporate Responsibility Report
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., has published its 2023 Corporate Responsibility Report to present its Environmental, Social and Governance (“ESG”) commitments and related initiatives.
Apr 09, 2024 07:00 am ET
Asbury Automotive Group Schedules Release of First Quarter 2024 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its first quarter financial results before the market opens on Thursday, April 25, 2024. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
Mar 05, 2024 11:21 am ET
The Presidio Group Advises Asbury Automotive Group on the Sale of Delaware Lexus Store
The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Asbury Automotive Group, Inc. of Duluth, Ga., on the sale of a Lexus dealership in Wilmington, Del., to MileOne Autogroup of Towson, Md.
Feb 08, 2024 07:12 am ET
Asbury Automotive Group Reports Fourth Quarter Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported fourth quarter 2023 net income of $56 million ($2.70 per diluted share), a decrease of 89% from $353 million ($15.95 per diluted share) in fourth quarter 2022. Fourth quarter 2023 results include non-cash asset impairments of $117.2 million or $4.29 per diluted share. Fourth quarter 2022 results include gains on dealership divestitures of $203 million or $6.92 per diluted share. Fourth quarter 2023 adjusted net income, a non-GAAP measure, decreased 28% yea
Jan 16, 2024 07:00 am ET
Asbury Automotive Group Schedules Release of Fourth Quarter 2023 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its fourth quarter financial results before the market opens on Thursday, February 8, 2024. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
Dec 11, 2023 03:39 pm ET
Asbury Automotive Group Completes Acquisition of Jim Koons Automotive Companies
Asbury Automotive Group, Inc. (NYSE: ABG), one of the U.S.’ largest automotive retail and service companies, has completed the acquisition of Jim Koons Automotive Companies, the ninth largest privately-owned dealership group in the U.S. The sale includes 20 dealerships, 29 franchises, six collision centers and one of the highest volume Toyota dealerships in the US.
Oct 24, 2023 07:00 am ET
Asbury Automotive Group Reports Third Quarter 2023 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported third quarter 2023 net income of $169 million ($8.19 per diluted share), a decrease of 17% from $205 million ($9.23 per diluted share) in third quarter 2022. Third quarter 2023 adjusted net income, a non-GAAP measure, decreased 18% year-over-year to $168 million ($8.12 per diluted share) compared to adjusted net income of $205 million ($9.23 per diluted share) in third quarter 2022. During 2022, the Company completed sixteen divestitures that contributed $
Oct 20, 2023 07:00 am ET
Asbury Automotive Group Named in Best Companies to Work For List by U.S. News & World Report
Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., announced today that it has been named by U.S News & World Report as a Best Company to Work for in the Retailers Industry. Asbury was rated among 349 companies across 20 fields of work on factors contributing to job seekers’ decision-making when choosing a workplace that best meets their needs in their industries of interest.
Oct 11, 2023 01:13 pm ET
Larry H. Miller Hyundai Peoria Celebrates Grand Re-Opening of Cutting-Edge Facility
Larry H. Miller Hyundai Peoria is thrilled to announce the grand re-opening of its state-of-the-art showroom. This transformative upgrade not only offers an enhanced shopping experience, but also signifies Larry H. Miller Hyundai Peoria's unwavering commitment to our guests, community, and environmental stewardship.
Oct 09, 2023 07:00 am ET
Asbury Automotive Group Schedules Release of Third Quarter 2023 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its third quarter financial results before the market opens on Tuesday, October 24, 2023. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
Sep 08, 2023 07:00 am ET
Asbury Automotive Group Agrees to Acquire Jim Koons Automotive Companies in the Largest Auto Retail Acquisition Since 2021
Asbury Automotive Group, Inc. (NYSE: ABG), one of the U.S.’ largest automotive retail and service companies, signed a definitive agreement to acquire Jim Koons Automotive Companies, the ninth largest privately-owned dealership group in the U.S. The sale of the Mid-Atlantic Region company is one of the most sizable in auto retail history, representing over $3 billion in revenue in 2022 and includes 20 dealerships, 29 franchises, six collision centers and one of the highest volume Toyota and Stellantis dealerships in the US. Asbury currently operates 138 dealerships, representing 31 domestic and
Sep 05, 2023 07:00 am ET
Asbury Automotive Group Named to Newsweek’s America’s Greatest Workplaces 2023
Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., announced today that it is recognized as one of America’s Greatest Workplaces 2023 by Newsweek and Plant-A Insights Group. Asbury received a 5-star rating out of a possible five stars based on results from a national survey on corporate culture, training and career progressions, compensation and benefits, and more.
Jul 25, 2023 07:00 am ET
Asbury Automotive Group Reports Second Quarter 2023 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported second quarter 2023 net income of $196 million ($9.34 per diluted share), a decrease of 2% from $201 million ($9.07 per diluted share) in second quarter 2022. Second quarter 2023 adjusted net income, a non-GAAP measure, decreased 16% year-over-year to $188 million ($8.95 per diluted share) compared to adjusted net income of $223 million ($10.04 per diluted share) in second quarter 2022. During 2022, the Company completed sixteen divestitures that contribut
Jul 10, 2023 04:30 pm ET
Asbury Automotive Group Schedules Release of Second Quarter 2023 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its second quarter financial results before the market opens on Tuesday, July 25, 2023. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
May 26, 2023 06:50 am ET
Asbury Automotive Group Approves New Stock Repurchase Authorization of $250 Million
Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., today announced its board of directors approved a new authorization to repurchase up to $250 million shares of the Company’s common stock.
Apr 25, 2023 07:00 am ET
Asbury Automotive Group Reports First Quarter 2023 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported first quarter 2023 net income of $181 million ($8.37 per diluted share), a decrease of 24% from $238 million ($10.38 per diluted share) in the prior year quarter. First quarter 2023 adjusted net income, a non-GAAP measure, decreased 15% year-over-year to $181 million ($8.37 per diluted share) compared to adjusted net income of $212 million ($9.27 per diluted share) in first quarter 2022. During 2022, the Company completed sixteen divestitures that contribu
Apr 11, 2023 07:00 am ET
Asbury Automotive Group Schedules Release of First Quarter 2023 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its first quarter financial results before the market opens on Tuesday, April 25, 2023. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
Mar 28, 2023 07:00 am ET
Asbury Automotive Group Releases 2022 Corporate Responsibility Report
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., has published its 2022 Corporate Responsibility Report to present its Environmental, Social and Governance (“ESG”) commitments and related initiatives.
Feb 02, 2023 07:00 am ET
Asbury Automotive Group Reports Record Fourth Quarter and Record Full Year 2022 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported fourth quarter 2022 net income of $353 million ($15.95 per diluted share), an increase of 151% from $141 million ($6.44 per diluted share) in the prior year quarter. Fourth quarter 2022 adjusted net income, a non-GAAP measure, increased 24% year-over-year to $202 million ($9.12 per diluted share) compared to adjusted net income of $163 million ($7.46 per diluted share) in fourth quarter 2021.
Jan 26, 2023 05:07 pm ET
Asbury Automotive Group Increases Share Repurchase Authorization to $200 Million
Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., today announced its board of directors increased the Company’s common stock repurchase authorization by $108 million to a total of $200 million.
Jan 11, 2023 05:58 pm ET
Asbury Automotive Group Schedules Release of Fourth Quarter 2022 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its fourth quarter financial results before the market opens on Thursday, February 2, 2023. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
Nov 07, 2022 04:58 pm ET
Asbury Automotive Group, Inc. Announces Appointment of Nathan Briesemeister as Vice President, Chief Accounting Officer & Controller
Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., announced that Nathan Briesemeister joined the Company as its Vice President, Chief Accounting Officer & Controller effective November 7, 2022.
Oct 27, 2022 07:00 am ET
Asbury Automotive Group Reports Record Third Quarter 2022 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported record third quarter 2022 net income of $205 million ($9.23 per diluted share), an increase of 39% from $147 million ($7.54 per diluted share) in the prior year quarter. Third quarter 2022 adjusted net income, a non-GAAP measure, increased 43% year-over-year to $205 million ($9.23 per diluted share) compared to adjusted net income of $144 million ($7.36 per diluted share) in third quarter 2021.
Oct 11, 2022 05:34 pm ET
Asbury Automotive Group Schedules Release of Third Quarter 2022 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its third quarter financial results before the market opens on Thursday, October 27, 2022. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
Jul 28, 2022 07:00 am ET
Asbury Automotive Group Reports Record EPS of $9.07 for Second Quarter 2022, up 16% Over Prior Year Quarter, and Adjusted EPS (a non-GAAP measure) of $10.04, up 29% Over Prior Year Quarter, and an All
Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported record second quarter 2022 net income of $201 million ($9.07 per diluted share), an increase of 32% from $152 million ($7.80 per diluted share) in the prior year quarter. Second quarter 2022 adjusted net income, a non-GAAP measure, increased 47% year-over-year to $223 million ($10.04 per diluted share) compared to adjusted net income of $152 million ($7.78 per diluted share) in second quarter 2021.
Jul 13, 2022 12:36 pm ET
Asbury Automotive Group Schedules Release of Second Quarter 2022 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its second quarter financial results before the market opens on Thursday, July 28, 2022. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
Apr 28, 2022 06:50 am ET
Asbury Automotive Group Reports All-Time Record EPS of $10.38, for First Quarter 2022, up 117% Over Prior Year, and Announces Update to Strategic Growth Plan
Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported record first quarter 2022 net income of $237.7 million ($10.38 per diluted share), an increase of 156% from $92.8 million ($4.78 per diluted share) in the prior year quarter.
Apr 12, 2022 06:50 am ET
Asbury Automotive Group Schedules Release of First Quarter 2022 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its first quarter financial results before the market opens on April 28, 2022. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
Feb 22, 2022 04:05 pm ET
Asbury Automotive Group Appoints New Director to Its Board
Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., announced today the appointment of Hilliard C. Terry, III to its Board of Directors, effective February 22, 2022. The Board has appointed Mr. Terry to the Company’s Compensation and Human Resources Committee and the Capital Allocation & Risk Management Committee. Mr. Terry’s appointment brings the total number of Directors to ten, nine of whom are independent.
Feb 15, 2022 07:00 am ET
Asbury Automotive Group Announces Record Financial Results for Fourth Quarter and Full Year 2021 and Increase in Share Repurchase Authorization
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported record net income for the fourth quarter 2021 of $141 million ($6.44 per diluted share). This result compares to net income of $89 million ($4.59 per diluted share) in the prior year quarter.
Feb 07, 2022 08:38 am ET
In Its First 35 Years, Park Place Dealerships Helped Shape an Industry
When the Mercedes-Benz store on Oak Lawn Avenue became the first store in the Park Place Dealerships brand in 1987, there were no computers to track inventory, or formal employee training programs, and no one talked about company culture. In fact, there wasn’t even a company website or email. Now, 35 years later, Park Place is a leader in the automotive industry with technology, training, and a culture that has been rewarded at the national level. And, one thing is certain, Park Place Dealerships’ next 35 years will be as vastly different as the first.
Jan 20, 2022 01:38 pm ET
Asbury Automotive Group Schedules Release of Fourth Quarter and Full Year 2021 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its fourth quarter and full year financial results before the market opens on February 15, 2022. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
Dec 17, 2021 04:51 pm ET
Asbury Automotive Group Completes the Transformative Acquisition of Larry H. Miller Dealerships and Total Care Auto, Powered by Landcar
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., completed the previously announced acquisition (the LHM Acquisition), which includes Larry H. Miller Dealerships (LHM Dealerships) and Total Care Auto, Powered by Landcar (TCA ) from the Larry H. Miller Group of Companies (LHM Group), adding 54 new vehicle dealerships, seven used vehicle dealerships, 11 collision centers, a used vehicle wholesale business and an F&I product provider. The LHM Acquisition will add approximately $5.7 billion in annualized revenues.
Dec 07, 2021 08:19 am ET
Asbury Automotive Group Adds Approximately $715 Million in Annualized Revenues with Acquisition of Stevinson Automotive
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., completed the acquisition of Stevinson Automotive (“Stevinson”) adding approximately $715 million in annual revenues.
Nov 04, 2021 04:02 pm ET
Asbury Automotive Group Announces Pricing of Its Private Offering of Senior Notes Due 2029 and Senior Notes Due 2032
Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury”) announced today that it has priced its previously announced private placement of senior notes, consisting of $800 million aggregate principal amount of 4.625% Senior Notes due 2029 (the “2029 Notes”) and $600 million aggregate principal amount of 5.000% Senior Notes due 2032 (the “2032 Notes” and, together with the 2029 Notes, the “Notes”). Due to the exercise of the option to purchase additional shares in Asbury's concurrent common stock offering and the corresponding increase in proceeds, the aggregate principal amount of the Notes
Nov 02, 2021 07:21 pm ET
Asbury Automotive Group Announces Pricing of Common Stock Offering
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest U.S.-based franchised automotive retailers (“Asbury”), announced today that it has priced its previously announced public offering of 3,300,000 shares of its common stock at $182.00 per share, all of which will be sold by Asbury. Additionally, Asbury has granted the underwriters in the offering an option for a period of 30 days to purchase up to 495,000 additional shares of its common stock. The offering is expected to close on November 5, 2021, subject to customary closing conditions.
Nov 01, 2021 04:15 pm ET
Asbury Automotive Group Announces Private Offering of Senior Notes Due 2029 and Senior Notes Due 2032
Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury”) announced today that it intends to offer up to $1.5 billion aggregate principal amount of Senior Notes, which will consist of Senior Notes due 2029 (the “2029 Notes”) and Senior Notes due 2032 (the “2032 Notes” and together with the 2029 Notes, the “Notes”), subject to market conditions. The offering will be exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
Nov 01, 2021 04:15 pm ET
Asbury Automotive Group Announces Public Proposed Offering of Common Stock
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest U.S.-based franchised automotive retailers (“Asbury”), announced today that it has commenced an underwritten public offering of 3,300,000 shares of its common stock pursuant to an automatic shelf registration statement effective November 1, 2021. In addition, Asbury expects to grant the underwriters an option for a period of 30 days to purchase up to 495,000 additional shares of its common stock. The offering is subject to market and other conditions, and there can be no assurances as to whether or when the offering may be completed
Oct 26, 2021 07:00 am ET
Asbury Automotive Group Announces Record Third Quarter 2021 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported record net income for the third quarter 2021 of $147.0 million ($7.54 per diluted share). This result compares to net income of $96.2 million ($4.96 per diluted share) in the prior year quarter.
Oct 08, 2021 06:24 pm ET
Asbury Automotive Group Schedules Release of Third Quarter 2021 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its third quarter financial results before the market opens on Tuesday, October 26, 2021. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
Sep 29, 2021 06:45 am ET
Asbury Automotive Group Adds Approximately $5.7 Billion in Annualized Revenues with Transformational Acquisition of Larry H. Miller Dealerships and Total Care Auto, Powered by Landcar
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., entered into a definitive agreement with Larry H. Miller Group of Companies (“LHM Group”) to acquire Larry H. Miller Dealerships, the eighth largest dealer group in the U.S., and Total Care Auto, Powered by Landcar (“TCA” or “Landcar Agency”).
Sep 14, 2021 10:01 am ET
The Presidio Group Advises Asbury Automotive on the Sale of BMW of Charlottesville
The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising, and investments in the automotive retail and consumer mobility sectors, exclusively advised Asbury Automotive Group (NYSE: ABG) on the sale of BMW of Charlottesville to Flow Companies.
Jul 27, 2021 07:00 am ET
Asbury Automotive Group Announces Record Second Quarter 2021 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported record net income for the second quarter 2021 of $152.1 million ($7.80 per diluted share). This compares to net income of $49.6 million ($2.57 per diluted share) in the prior year quarter.
Jul 12, 2021 08:14 am ET
Asbury Automotive Group Enhances Clicklane with Addition of Accessories and Customization Platform Powered by Insignia Group
Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., announced today additional product enhancements to Clicklane – a technology ecosystem which enables an authentic online car-buying and selling experience. Improvements include a strategic partnership with Insignia Group to provide vehicle customization accessories.
Jul 08, 2021 08:16 am ET
Salty And Asbury Automotive Group Join Forces
SALT LAKE CITY, July 8, 2021 /PRNewswire/ -- Salty Dot Inc., the Embedded Insurance® technology company, today announced a strategic partnership with Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S. to enhance Clicklane – a technology ecosystem which enables an authentic online car-buying and selling experience.
Jul 08, 2021 08:14 am ET
Asbury Automotive Group Enhances Clicklane With Salty’s Embedded Insurance®
Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., announced today a significant new enhancement to Clicklane – a technology ecosystem which enables a complete online car-buying and selling experience.
Jul 07, 2021 06:00 pm ET
Asbury Automotive Group Schedules Release of Second Quarter 2021 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its second quarter financial results before the market opens on July 27, 2021. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
Jul 06, 2021 07:00 am ET
Asbury Automotive Group, Inc. Announces Appointment of Michael Welch as Chief Financial Officer
Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., today announced that Michael Welch will join the Company as its Senior Vice President and Chief Financial Officer effective August 9, 2021.
Jun 28, 2021 04:25 pm ET
Asbury Automotive Group Announces Departure of Patrick J. Guido as CFO
Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., today announced that Patrick J. Guido provided notice of his decision to resign from the position of Senior Vice President & Chief Financial Officer of the Company effective June 24, 2021 for personal reasons. David W. Hult, Asbury’s President & Chief Executive Officer, said, “We thank PJ Guido for his service to Asbury and leading the finance team.” Guido said, “I would like to thank David and the Board for the opportunity to have served as CFO and wis
Apr 27, 2021 07:00 am ET
Asbury Automotive Group Announces Record First Quarter 2021 Financial Results
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the first quarter 2021 of $92.8 million ($4.78 per diluted share). This compares to net income of $19.5 million ($1.01 per diluted share) in the prior year quarter.
Feb 02, 2021 06:00 am ET
Asbury Automotive Group Announces Fourth Quarter Financial Results
DULUTH, Ga., Feb. 2, 2021 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the fourth quarter 2020 of $89.1 million ($4.59 per diluted share). This compares to net income of $43.6 million ($2.26 per diluted share) in the prior year quarter, a 104% increase.
Feb 01, 2021 06:00 am ET
Jan 25, 2021 11:33 am ET
Asbury Automotive Group Schedules Release of Fourth Quarter and Full Year 2020 Financial Results
DULUTH, Ga., Jan. 25, 2021 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its fourth quarter and full year financial results before the market opens on February 2, 2021. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
Jan 07, 2021 06:49 am ET
Caroffer's New Group Trade Platform Helps Dealers Optimize Profitability And Automate Inventory Management Across Multiple Stores
PLANO, Texas, Jan. 7, 2021 /PRNewswire/ -- CarOffer, retail automotive's first automated instant wholesale vehicle trade platform, rolled out a new vehicle sourcing and trading solution to meet the inventory needs of dealer groups. Now, in-group dealers can leverage all of the power of the CarOffer Matrix platform but at a multi-store level, allowing them to buy, sell and trade among each other and match inventory needs to specific stores. Centralized control, real time appraisals and one bill of sale give dealer groups a new edge to increasing profitability and efficiency.
Dec 02, 2020 06:00 am ET
Asbury Automotive Group Launches Clicklane-- The First-Ever End-To-End Car-Buying Solution-- And Unveils Its Five-Year Strategic Vision
DULUTH, Ga., Dec. 2, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., announced today the launch of Clicklane— a communications technology ecosystem which allows for a true online car-buying and selling experience. Asbury partnered with Gubagoo to build the online platform that gives Asbury the ability to enhance the car buying experience across its store base and also to enter new markets focusing on the pre-owned vehicle business as a standalone Clicklane brand.
Nov 23, 2020 06:00 am ET
Asbury Automotive Group to Unveil Clicklane
DULUTH, Ga., Nov. 23, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., announced today that it will unveil Clicklane— a communications technology ecosystem that allows for a true end-to-end online car-buying and selling experience. The Company previously scheduled the call for November 16th, but chose to reschedule due to a trademark issue that resulted in changing the online platform name from Glovebox to Clicklane.
Nov 18, 2020 10:02 am ET
The Presidio Group Advises on the Sale of Nalley Ford Sandy Springs
The Presidio Group LLC (“Presidio”), a leading investment bank specializing in retail automotive and related M&A transactions, exclusively represented Asbury Automotive Group (NYSE:ABG) in the sale of Nalley Ford Sandy Springs in the Atlanta, GA area to the Jim Ellis Automotive Group.
Nov 16, 2020 06:00 am ET
Asbury Automotive Group Reschedules Call to Unveil the First Ever End-to-End Car-Buying Solution
DULUTH, Ga., Nov. 16, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., announced today that it will reschedule its call to announce the first-ever end-to-end car buying solution. "We are more excited than ever about our industry-leading car buying solution, however, we are working through certain elements pertaining to our intellectual property rights," said CEO & President David Hult. Asbury will announce the new date and time of the call within the next two weeks.
Oct 27, 2020 07:00 am ET
Asbury Automotive Group Announces All Time Record Third Quarter 2020 Financial Results
DULUTH, Ga., Oct. 27, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the third quarter 2020 of $96.2 million ($4.96 per diluted share) and adjusted net income (a non-GAAP measure) of $79.2 million ($4.08 per diluted share). This compares to net income of $45.0 million ($2.33 per diluted share) in the prior year quarter.
Oct 14, 2020 07:00 am ET
Asbury Automotive Group Reports Preliminary Results and Schedules Third Quarter 2020 Earnings Call
DULUTH, Ga., Oct. 14, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported preliminary financial results for the three months ended September 30, 2020. Asbury expects net income per diluted share to be between $4.88 and $4.96, and adjusted net income per diluted share (a non-GAAP measure) to be between $4.00 and $4.08, which would be an increase of between 72% and 75% from the prior year quarter adjusted net income per diluted share of $2.33. Net income for the third quarter 2020 is expected to
Aug 25, 2020 10:03 am ET
The Presidio Group Advises on the Sale of Park Place Dealerships Luxury Brands
The Presidio Group LLC (“Presidio”), a leading investment bank specializing in retail automotive and related M&A transactions, exclusively advised Park Place Dealerships on the sale of certain assets to Asbury Automotive Group (NYSE:ABG). Those assets include three Mercedes-Benz, three Sprinter, two Lexus, one Jaguar, one Land Rover, one Porsche and one Volvo franchise as well as the Park Place auto auction and two collision centers. All are in the Dallas/Fort Worth area.
Jul 28, 2020 07:00 am ET
Asbury Automotive Group Announces Record Second Quarter 2020 Financial Results
DULUTH, Ga., July 28, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the second quarter 2020 of $49.6 million ($2.57 per diluted share) and adjusted net income (a non-GAAP measure) of $48.7 million ($2.52 per diluted share). This compares to net income of $54.9 million ($2.84 per diluted share) and adjusted net income of $45.9 million ($2.38 per diluted share) in the prior year quarter.
Jul 16, 2020 04:00 pm ET
Asbury Automotive Group Schedules Release of Second Quarter 2020 Financial Results
DULUTH, Ga., July 16, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its second quarter financial results before the market opens on July 28, 2020. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.
Jul 06, 2020 05:10 pm ET
Asbury Automotive Group Announces Acquisition Of Park Place Dealerships And Provides Update On Recent Performance
DULUTH, Ga., July 6, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., entered into a definitive agreement to acquire certain assets of Park Place Dealerships, one of the country's largest and most prominent luxury dealer groups for $685 million of goodwill and approximately $50 million for parts, fixed assets, and leaseholds, excluding vehicle inventory.
May 05, 2020 07:00 am ET
Asbury Automotive Group Announces 2020 First Quarter Financial Results
DULUTH, Ga., May 5, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the first quarter 2020 of $19.5 million ($1.01 per diluted share) and adjusted net income (a non-GAAP measure) of $34.7 million ($1.80 per diluted share). This compares to net income of $40.9 million ($2.11 per diluted share) and adjusted net income of $42.7 million ($2.20 per diluted share) in the prior year quarter.
Apr 20, 2020 05:00 pm ET
Asbury Automotive Group Schedules Release of First Quarter 2020 Financial Results
DULUTH, Ga., April 20, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its first quarter financial results before the market opens on May 5, 2020. Asbury will host a conference call later that day at 11:00 a.m. Eastern Time.
Apr 17, 2020 07:00 am ET
Asbury Automotive Group, Inc. Announces Appointment of Patrick Guido as Chief Financial Officer
DULUTH, Ga., April 17, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., today announced that Patrick ("PJ") Guido will join the company as its Senior Vice President and Chief Financial Officer effective May 11, 2020.
Apr 10, 2020 05:01 pm ET
Asbury Automotive Group Announces Change to a Virtual-Only Meeting Format for 2020 Annual Meeting of Stockholders
DULUTH, Ga., April 10, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG) (the "Company"), today announced its 2020 Annual Meeting of Stockholders (the "Annual Meeting") will be conducted exclusively online by remote communication due to public health concerns regarding COVID-19 and government-recommended and required limits on gatherings and events. A virtual event will assist in protecting the health and safety of the Company's stockholders, employees and the community.
Oct 22, 2019 07:00 am ET
Asbury Automotive Group Announces 2019 Third Quarter Financial Results
DULUTH, Ga., Oct. 22, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the third quarter 2019 of $45.0 million ($2.33 per diluted share). There were no adjustments in the third quarter. This compares to net income of $44.3 million ($2.18 per diluted share) in the prior year quarter and adjusted net income of $44.9 million ($2.21 per diluted share).
Oct 14, 2019 03:23 pm ET
Asbury Automotive Group Acquires Its First-Ever Subaru Store in Colorado
DULUTH, Ga., Oct. 14, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail companies in the U.S., has acquired Mike Shaw Subaru located in Thornton, Colorado. This will be the first dealership in Colorado as well as the first Subaru brand store for Asbury.
Oct 11, 2019 04:49 pm ET
Asbury Automotive Group Announces Departure of Sean Goodman as CFO
DULUTH, Ga., Oct. 11, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., today announced that Sean Goodman provided notice of his intention to resign from the position of Senior Vice President & Chief Financial Officer of the Company effective November 15, 2019, to accept the position of Chief Financial Officer of another publicly-traded company outside of the auto retail industry. David W. Hult, Asbury's President & Chief Executive Officer, said "We thank Sean for his ser
Oct 07, 2019 04:05 pm ET
Asbury Automotive Group Schedules Release of Third Quarter 2019 Financial Results
DULUTH, Ga., Oct. 7, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its third quarter financial results before the market opens on October 22, 2019. President and CEO David W. Hult, Senior Vice President Operations John S. Hartman, and Senior Vice President and CFO Sean D. Goodman will host a conference call later that day at 10:00 a.m. Eastern Time.
Sep 25, 2019 05:38 pm ET
Asbury Automotive Group Announces Amended and Restated $1.45 Billion Senior Credit Facility
DULUTH, Ga., Sept. 25, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies today announced that it has entered into a third amended and restated $1.45 billion, five-year syndicated senior credit facility. Asbury's new senior credit facility replaces the Company's previously amended and restated facility, and provides additional borrowing availability, increased financial flexibility, and an extended maturity date as compared to the prior facility. The new vehicle floor plan interest rate is reduced to one-month LIBOR
Jul 26, 2019 07:00 am ET
Asbury Automotive Group Announces 2019 Second Quarter Financial Results
DULUTH, Ga., July 26, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the second quarter 2019 of $54.9 million ($2.84 per diluted share) and adjusted net income (a non-GAAP measure) of $45.9 million ($2.38 per diluted share). This compares to net income of $43.2 million ($2.11 per diluted share) in the prior year quarter and adjusted net income of $42.7 million ($2.08 per diluted share).
Jul 09, 2019 08:00 am ET
Asbury Automotive Group Schedules Release of Second Quarter 2019 Financial Results
DULUTH, Ga., July 9, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its second quarter financial results before the market opens on July 26, 2019. President and CEO David W. Hult, Senior Vice President Operations John S. Hartman, and Senior Vice President and CFO Sean D. Goodman will host a conference call later that day at 10:00 a.m. Eastern Time.
Apr 23, 2019 04:30 pm ET
Asbury Automotive Group Announces Board Succession
DULUTH, Ga., April 23, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., announced today that, as planned and in accordance with its rotation of chairs policy, current board member Thomas J. Reddin has been appointed as the Non-Executive Chairman of the Board effective immediately. Thomas C. DeLoach, Jr., the Board's Non-Executive Chairman since August 2011, stepped down from the chair position effective on the same date. Mr. DeLoach will continue to serve as a director on Asbur
Apr 23, 2019 07:00 am ET
Asbury Automotive Group Announces 2019 First Quarter Financial Results
DULUTH, Ga., April 23, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the first quarter 2019 of $40.9 million ($2.11 per diluted share) and adjusted net income (a non-GAAP measure) of $42.7 million ($2.20 per diluted share). This compares to net income of $40.1 million ($1.93 per diluted share) in the prior year quarter. Net income for the first quarter 2019 was adjusted for a fixed assets write-off of $2.4 million pre-tax ($0.09 per diluted share). There were no non-core adjustm
Apr 09, 2019 07:00 am ET
Asbury Automotive Group Schedules Release of First Quarter 2019 Financial Results
DULUTH, Ga., April 9, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its first quarter financial results before the market opens on April 23, 2019. President and CEO David W. Hult, Senior Vice President Operations John S. Hartman, and Senior Vice President and CFO Sean D. Goodman will host a conference call later that day, at 10:00 a.m. Eastern Time.
Mar 08, 2019 09:43 am ET
Courtesy Toyota of Brandon Opens New State-of-the-Art Facility With Enhanced Features Focused On Employee Work Environment and Elevated Guest Experience
BRANDON, Fla., March 8, 2019 /PRNewswire/ -- Courtesy Toyota of Brandon, an Asbury Automotive Group (NYSE: ABG) company, held the grand reopening of its new location at 9210 E. Adamo Drive. The dealership moved to a 91,000 sq. foot building next door to its old facility. The new building boasts a modern, spacious showroom and guest waiting area, a fully-stocked café, 63 state-of-the-art technician bays, comfortable employee locker rooms and space for nearly 1,300 vehicles. Pictures of the facility are available through this link.
Feb 11, 2019 07:40 am ET
Factors of Influence in 2019, Key Indicators and Opportunity within Noble Energy, Chemed, Wesco Aircraft, Asbury Automotive Group, CIRCOR International, and Minerals Technologies — New Research Emphas
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Noble Energy Inc. (NYSE:NBL), Chemed Corporation (NYSE:CHE), Wesco...
Feb 06, 2019 06:00 am ET
Asbury Automotive Group Announces 2018 Fourth Quarter And Full-Year Financial Results
DULUTH, Ga., Feb. 6, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the fourth quarter 2018 of $40.4 million ($2.06 per diluted share) compared to $42.5 million ($2.03 per diluted share) in the prior year quarter. It also reported adjusted net income (a non-GAAP measure) for the fourth quarter 2018 of $43.2 million ($2.20 per diluted share) compared to $37.8 million ($1.81 per diluted share) in the prior year quarter, a 22% increase in adjusted earnings per share.
Feb 04, 2019 12:00 pm ET
Asbury Automotive Group Introduces Premium-Free Healthcare And Frontline Equity Programs For Service And Sales Roles
DULUTH, Ga., Feb. 4, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., announced today the rollout of its new healthcare and stock ownership programs. These new programs are a part of Asbury's strategic plan to focus on frontline roles in fixed operations and sales in a competitive talent market.
Jan 15, 2019 08:00 am ET
Asbury Automotive Group Schedules Release of Fourth Quarter and Year-End 2018 Financial Results
DULUTH, Ga., Jan. 15, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its fourth quarter financial results before the market opens on February 6, 2019. President and CEO David W. Hult, Senior Vice President Operations John S. Hartman, and Senior Vice President and CFO Sean D. Goodman will host a conference call later that day, at 10:00 a.m. Eastern Time.
Nov 06, 2018 03:30 pm ET
Asbury Automotive Group Elects New Director To Its Board
DULUTH, Ga., Nov. 6, 2018 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., announced today the appointment of Maureen Morrison to its Board of Directors effective January 1, 2019. The Board has appointed Ms. Morrison to the Audit Committee and the Capital Allocation & Risk Management Committee, also effective January 1, 2019. Ms. Morrison's election brings the total number of directors to ten, nine of whom are independent. Ms. Morrison's highly accomplished career includes more
Oct 31, 2018 07:55 am ET
Investor Expectations to Drive Momentum within Gilead Sciences, SCANA, Brink's, Fortive, Asbury Automotive Group, and Helmerich & Payne — Discovering Underlying Factors of Influence
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Gilead Sciences, Inc. (NASDAQ:GILD), SCANA Corporation (NYSE:SCG), Brink's...
Oct 23, 2018 07:00 am ET
Asbury Automotive Group Announces 2018 Third Quarter Financial Results
DULUTH, Ga., Oct. 23, 2018 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the third quarter 2018 of $44.3 million ($2.18 per diluted share) and adjusted net income (a non-GAAP measure) of $44.9 million ($2.21 per diluted share). This compares to net income of $30.7 million ($1.48 per diluted share) in the prior year quarter. Net income for the third quarter 2018 was adjusted $0.6 million ($0.03 per diluted share) as a result of a discrete tax item associated with the Tax Cuts and Jobs
Oct 05, 2018 04:30 pm ET
Asbury Automotive Group Schedules Release of Third Quarter 2018 Financial Results
DULUTH, Ga., Oct. 5, 2018 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its third quarter financial results before the market opens on October 23, 2018. President and CEO David W. Hult, Senior Vice President Operations John S. Hartman, and Senior Vice President and CFO Sean D. Goodman will host a conference call later that day, at 10:00 a.m. Eastern Time.
Sep 27, 2018 08:45 am ET
Research Report Identifies Gazit-Globe, Copa Holdings, S.A., Asbury Automotive Group, America Movil, S.A.B. de C.V., Atlassian, and CBRE Group with Renewed Outlook — Fundamental Analysis, Calculating
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Gazit-Globe Ltd. (NYSE:GZT), Copa Holdings, S.A. (NYSE:CPA), Asbury...
Jul 24, 2018 07:00 am ET
Asbury Automotive Group Announces 2018 Second Quarter Financial Results
DULUTH, Ga., July 24, 2018 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the second quarter 2018 of $43.2 million ($2.11 per diluted share) and adjusted net income (a non-GAAP measure) of $42.7 million ($2.08 per diluted share). This compares to net income of $31.9 million ($1.52 per diluted share) and adjusted net income of $33.2 million ($1.58 per diluted share) in the prior year quarter. Net income for the second quarter 2018 was adjusted for a $0.7 million pre-tax gain on legal se
Jul 10, 2018 04:30 pm ET
Asbury Automotive Group Schedules Release of Second Quarter 2018 Financial Results
DULUTH, Ga., July 10, 2018 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its second quarter financial results before the market opens on July 24, 2018. President and CEO David W. Hult, Senior Vice President Operations John S. Hartman, and Senior Vice President and CFO Sean D. Goodman will host a conference call later that day, at 10:00 a.m. Eastern Time.
Jun 14, 2018 08:25 am ET
Detailed Research: Economic Perspectives on Stein Mart, Asbury Automotive Group, Sprint, The Kraft Heinz, Allergan plc, and Fitbit — What Drives Growth in Today's Competitive Landscape
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Stein Mart, Inc. (NASDAQ:SMRT), Asbury Automotive Group, Inc. (NYSE:ABG),...
May 25, 2018 04:22 pm ET
Haig Partners Advises Automotive Associates Of Atlanta On Sale To Asbury Automotive And Jim Ellis Automotive Group
ATLANTA, May 25, 2018 /PRNewswire/ -- Haig Partners LLC is pleased to have represented Ken Page and Scott Smith, principals of Automotive Associates of Atlanta, ("AAA") in the sale of two of their six Atlanta dealerships to Asbury Automotive Group (NYSE: ABG), and Jim Ellis Automotive Group. Asbury has acquired Toyota of Union City and Jim Ellis Automotive has acquired Cobb County Kia.
May 18, 2018 08:25 am ET
Market Trends Toward New Normal in Castlight Health, inc, Marriot Vacations Worldwide, AnaptysBio, Compass Diversified, Triumph, and Asbury Automotive Group — Emerging Consolidated Expectations, Analy
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Castlight Health, inc. (NYSE:CSLT), Marriot Vacations Worldwide...
Apr 24, 2018 07:00 am ET
Asbury Automotive Group Announces 2018 First Quarter Financial Results
DULUTH, Ga., April 24, 2018 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the first quarter 2018 of $40.1 million ($1.93 per diluted share). This compares to net income of $34.0 million ($1.61 per diluted share) and adjusted net income (a non-GAAP measure) of $33.4 million ($1.58 per diluted share) in the prior year quarter. Net income for the first quarter 2017 was adjusted for a $0.9 million pre-tax gain on legal settlements ($0.03 per diluted share).
Apr 13, 2018 04:30 pm ET
Asbury Automotive Group Schedules Release of First Quarter 2018 Financial Results
DULUTH, Ga., April 13, 2018 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its first quarter financial results before the market opens on April 24, 2018. President and CEO David W. Hult, Senior Vice President Operations John S. Hartman, and Senior Vice President and CFO Sean D. Goodman will host a conference call later that day, at 10:00 a.m. Eastern Time.
Mar 23, 2018 07:35 am ET
Recent Analysis Shows Asbury Automotive Group, PJT Partners, eHealth, HCI Group, Getty Realty, and TPG Specialty Lending Market Influences — Renewed Outlook, Key Drivers of Growth
NEW YORK, March 23, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Asbury Automotive Group, Inc. (NYSE:ABG), PJT...
Feb 06, 2018 07:45 am ET
Asbury Automotive Group, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / February 6, 2018 / Asbury Automotive Group, Inc. (NYSE: ABG) will be discussing their earnings results in their Q4 Earnings Call to be held on February 6, 2018 at 10:00 AM Eastern Time.
Feb 06, 2018 06:00 am ET
Asbury Automotive Group Announces 2017 Fourth Quarter And Full-Year Financial Results
DULUTH, Ga., Feb. 6, 2018 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the fourth quarter 2017 of $42.5 million ($2.03 per diluted share) compared to $67.1 million ($3.08 per diluted share) in the prior year quarter. It also reported adjusted net income (a non-GAAP measure) for the fourth quarter 2017 of $37.8 million ($1.81 per diluted share) compared to $34.0 million ($1.56 per diluted share) in the prior year quarter, a 16% increase in adjusted earnings per share.
Jan 24, 2018 08:25 am ET
Report: Exploring Fundamental Drivers Behind Pool, SP Plus, Callidus Software, HNI, Asbury Automotive Group, and Ellington Financial — New Horizons, Emerging Trends, and Upcoming Developments
NEW YORK, Jan. 24, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Pool Corporation (NASDAQ:POOL), SP Plus Corporation...
Jan 12, 2018 06:01 am ET
Asbury Automotive Group Schedules Release of Fourth Quarter and Year-End 2017 Financial Results
DULUTH, Ga., Jan. 12, 2018 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its fourth quarter financial results before the market opens on February 6, 2018. President and CEO David W. Hult, Senior Vice President Operations John S. Hartman, and Senior Vice President and CFO Sean D. Goodman will host a conference call later that day, at 10:00 a.m. Eastern Time.
Oct 24, 2017 08:00 am ET
Asbury Automotive Group Announces Third Quarter 2017 Financial Results
DULUTH, Ga., Oct. 24, 2017 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the third quarter 2017 of $30.7 million, or $1.48 per diluted share.
Oct 12, 2017 05:01 pm ET
Asbury Automotive Group Schedules Release of Third Quarter 2017 Financial Results
DULUTH, Ga., Oct. 12, 2017 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its third quarter financial results before the market opens on October 24, 2017. President and CEO Craig T. Monaghan, Executive Vice President and COO David W. Hult, and Senior Vice President and CFO Sean D. Goodman will host a conference call later that day, at 10:00 a.m. Eastern Time.
Aug 22, 2017 05:30 pm ET
Asbury Automotive Group, Inc. Announces CEO Succession Plan
DULUTH, Ga., Aug. 22, 2017 /PRNewswire/ -- The Board of Directors of Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., today announced that Executive Vice President and Chief Operating Officer David W. Hult will succeed Craig T. Monaghan as the Company's President and Chief Executive Officer effective January 1, 2018. Mr. Hult, who has served as Asbury's Executive Vice President and Chief Operating Officer since November 2014, will also join the Company's Board of Directors. Mr. Hult has over 30 ye
Jul 25, 2017 08:00 am ET
Asbury Automotive Group Announces Second Quarter 2017 Financial Results
DULUTH, Ga., July 25, 2017 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported net income for the second quarter 2017 of $31.9 million, or $1.52 per diluted share, compared to $36.7 million, or $1.65 per diluted share in the prior year quarter. It also reported adjusted income from continuing operations (a non-GAAP measure) for the second quarter 2017 of $33.2 million, or $1.58 per diluted share, compared to $36.6 million, or $1.65 per diluted share, in the prior year quarter, a 4% decrease in adjus
Jul 12, 2017 05:01 pm ET
Asbury Automotive Group Schedules Release of Second Quarter 2017 Financial Results
DULUTH, Ga., July 12, 2017 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its second quarter financial results before the market opens on July 25, 2017. President and CEO Craig T. Monaghan, Executive Vice President and COO David W. Hult, and Senior Vice President and CFO Sean D. Goodman will host a conference call later that day, at 10:00 a.m. Eastern Time.
May 05, 2017 05:30 pm ET
Asbury Automotive Group, Inc. Announces Appointment of Sean D. Goodman as Chief Financial Officer
DULUTH, Ga., May 5, 2017 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., today announced that Sean D. Goodman will join the company as its Senior Vice President and Chief Financial Officer effective July 5, 2017.
Apr 27, 2017 08:00 am ET
Asbury Automotive Group Announces First Quarter 2017 Financial Results
DULUTH, Ga., April 27, 2017 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported net income for the first quarter 2017 of $34.0 million, or $1.61 per diluted share, compared to $31.0 million, or $1.27 per diluted share in the prior year quarter. It also reported adjusted income from continuing operations (a non-GAAP measure) for the first quarter 2017 of $33.4 million, or $1.58 per diluted share, compared to $33.2 million, or $1.36 per diluted share, in the prior year quarter, a 16% increase in adjus
Mar 29, 2017 05:04 pm ET
Asbury Automotive Group Schedules Release of First Quarter 2017 Financial Results
DULUTH, Ga., March 29, 2017 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its first quarter financial results before the market opens on April 27, 2017. Asbury senior management will host a conference call later that day, at 10:00 a.m. Eastern Time.
Mar 01, 2017 04:01 pm ET
Nalley Infiniti Celebrates the Grand Opening of Brand-New, State-Of-The-Art Facility
DULUTH, Ga., March 1, 2017 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today announced the grand opening of Nalley Infiniti. The brand new, state-of-the-art dealership located at 2550 The Nalley Way, Atlanta, Georgia, has a five-story stand-alone car tower, an eight-car showroom and a state-of-the-art service center."Nalley Infiniti reflects what the Infiniti brand is all about; precision, comfort and a strikingly modern feel," said David Hult, executive vice president and chief operating officer, Asbury A
Feb 07, 2017 07:00 am ET
Asbury Automotive Group Announces Record 2016 Fourth Quarter And Full-Year Financial Results
DULUTH, Ga., Feb. 7, 2017 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported net income for the fourth quarter 2016 of $67.1 million, or $3.08 per diluted share, compared to $41.1 million, or $1.64 per diluted share in the prior year quarter. It also reported adjusted income from continuing operations (a non-GAAP measure) for the fourth quarter 2016 of $34.0 million, or $1.56 per diluted share, compared to $32.8 million, or $1.31 per diluted share, in the prior year quarter, a 19% increase in adjus
Jan 25, 2017 04:30 pm ET
Asbury Automotive Group Announces Departure of Keith Style as CFO
DULUTH, Ga., Jan. 25, 2017 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., today announced that Keith Style provided notice of his intention to resign from the position of Senior Vice President and Chief Financial Officer of the Company effective March 7, 2017, to accept the position of President and Chief Financial Officer of a privately-owned company. Craig T. Monaghan, Asbury's President and Chief Executive Officer, said "We thank Keith for his valuable service to Asbury over the
Jan 16, 2017 04:30 pm ET
Asbury Automotive Group Schedules Release of Fourth Quarter And Year-End Financial Results
DULUTH, Ga., Jan. 16, 2017 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its fourth quarter and year-end financial results before the market opens on February 7, 2017. President and CEO Craig T. Monaghan, Executive Vice President and COO David W. Hult, and Senior Vice President and CFO Keith R. Style will host a conference call later that day, at 10:00 a.m. Eastern Time.
Dec 23, 2016 04:01 pm ET
Asbury Automotive Group to Present at Investor Conference
DULUTH, Ga., Dec. 23, 2016 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced today that senior management will present at the Deutsche Bank Global Auto Industry Conference in Detroit on January 11th.
Nov 14, 2016 07:01 am ET
Asbury Automotive Group to Present at Investor Conferences
DULUTH, Ga., Nov. 14, 2016 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced today that management will present at the following conferences:
Oct 25, 2016 08:00 am ET
Oct 07, 2016 08:01 am ET
Asbury Automotive Group Schedules Release of Third Quarter Financial Results
DULUTH, Ga., Oct. 7, 2016 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its third quarter financial results before the market opens on October 25, 2016. President and CEO Craig T. Monaghan, Executive Vice President and COO David W. Hult, and Senior Vice President and CFO Keith R. Style will host a conference call later that day, at 10:00 a.m. Eastern Time.
Sep 29, 2016 02:56 pm ET
Nissan's New Retail Design Debuts At Nalley Nissan Of Atlanta
DULUTH, Ga., Sept. 29, 2016 /PRNewswire/ -- Nissan's newest Retail Environment Design Initiative (NREDI 2.0) was introduced today at the grand opening celebration of Nalley Nissan of Atlanta, an Asbury Automotive Group, Inc. (NYSE: ABG) dealership. The NREDI 2.0-outfitted dealership is visually and technically updated in all areas, from sales, to service to finance, to meet consumer expectations for retail facilities.
Jul 26, 2016 08:05 am ET
Asbury Automotive Group Announces Second Quarter 2016 Earnings
DULUTH, Ga., July 26, 2016 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported net income for the second quarter 2016 of $36.7 million, or $1.65 per diluted share, compared to $41.1 million, or $1.52 per diluted share in the prior year quarter, a 9% increase per diluted share. Total revenue for the second quarter was $1.6 billion, down 4% from the prior year period principally attributable to strategic divestitures during the second half of 2015; total revenue on a same store basis was down 1% from
Jul 26, 2016 08:00 am ET
Asbury Automotive Group Announces Amended And Restated $1.3 Billion Senior Credit Facility
DULUTH, Ga., July 26, 2016 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today announced that it has entered into a second amended and restated $1.3 billion, five-year syndicated senior credit facility. Asbury's new senior credit facility replaces the Company's previously amended and restated facility, and provides additional borrowing availability, increased financial flexibility, and an extended maturity date as compared to the prior facility. The new vehicle floor plan interest rate will remain at one-mo
Jun 29, 2016 08:01 am ET
Asbury Automotive Group Schedules Release of Second Quarter Financial Results
DULUTH, Ga., June 29, 2016 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its second quarter financial results before the market opens on July 26, 2016. President and CEO Craig T. Monaghan, Executive Vice President and COO David W. Hult, and Senior Vice President and CFO Keith R. Style will host a conference call later that day, at 10:00 a.m. Eastern Time.
May 27, 2016 08:01 am ET
Q auto Adds a New Location in Holiday, Florida
DULUTH, Ga., May 27, 2016 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that they have opened their second stand-alone used vehicle store in the Tampa market under the 'Q auto' brand today.
May 11, 2016 08:01 am ET
Asbury Automotive Group to Present at Investor Conferences
DULUTH, Ga., May 11, 2016 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced today that senior management will present at the Craig-Hallum Capital Group 13th Annual Institutional Investor Conference in Minneapolis on June 1st, at the BB&T Capital Markets Car Talk in the City in New York City on June 6th, and at the Stephens Spring Investment Conference in New York City on June 8th.
Apr 26, 2016 08:00 am ET
Asbury Automotive Group Announces Record 2016 First Quarter Financial Results
DULUTH, Ga., April 26, 2016 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported adjusted income from continuing operations for the first quarter 2016 of $33.2 million, or $1.36 per diluted share, versus income from continuing operations in the first quarter 2015 of $35.9 million, or $1.30 per diluted share, a 5% increase per diluted share. Income from continuing operations for the first quarter 2016 was adjusted for $3.4 million in pre-tax real estate related charges, or $0.09 per diluted share. Th
Apr 05, 2016 08:01 am ET
Asbury Automotive Group Schedules Release of First Quarter Financial Results
DULUTH, Ga., April 5, 2016 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its first quarter financial results before the market opens on April 26, 2016. President and CEO Craig T. Monaghan, Executive Vice President and COO David W. Hult, and Senior Vice President and CFO Keith R. Style will host a conference call later that day, at 10:00 a.m. Eastern Time.
Feb 25, 2016 04:13 pm ET
Asbury Automotive Group Breaks Ground on New Nissan Dealership in Cumming, Georgia
DULUTH, Ga., Feb. 25, 2016 /PRNewswire/ -- Asbury Automotive Group, Inc. ("Asbury") (NYSE: ABG), one of the largest automotive retailers in the U.S., announced that it broke ground on a new Nissan dealership in Cumming, GA, a high-growth Atlanta suburb. This is an important component of an Atlanta market re-alignment, which began last September with the groundbreaking of new Nissan and Infiniti dealerships on a major traffic artery in metro Atlanta off Interstate 285, near Interstate-85.
Feb 04, 2016 07:00 am ET
Asbury Automotive Group Announces Record 2015 Fourth Quarter And Full-Year Financial Results
DULUTH, Ga., Feb. 4, 2016 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported adjusted income from continuing operations for the fourth quarter 2015 of $32.8 million, or $1.31 per diluted share, versus adjusted income from continuing operations in the fourth quarter 2014 of $31.4 million, or $1.07 per diluted share, a 22% increase per diluted share. The fourth quarter of 2015 benefited from a favorable tax rate of 37.2% versus 39.0% during the fourth quarter of 2014. Income from continuing operation
Jan 22, 2016 05:48 pm ET
Federal Realty Investment Trust Set to Join the S&P 500; Curtiss-Wright, Pool to Join S&P MidCap 400; Cray, Asbury Automotive to Join S&P SmallCap 600
NEW YORK, Jan. 22, 2016 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
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