---
schema_version: "secwatch.filing_event.v1"
accession: "0001144980-22-000120"
form_type: "8-K"
ticker: "ABG"
cik: "0001144980"
company_name: "ASBURY AUTOMOTIVE GROUP INC"
filed_at: "2022-04-28T23:59:59+00:00"
generated_at: "2026-06-26T03:09:52.241245+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Asbury Automotive Q1 EPS $10.38, up 117% YoY; revenue $3.9B, up 78%

## Summary
- Record diluted EPS of $10.38; adjusted EPS $9.27, up 98% YoY. Net income $237.7M (+156%).
- Revenue $3.9B (+78%); gross profit +107%; operating margin 8.2% (+200 bps). Adjusted EBITDA $336M (+139%).
- Same-store gross profit +23%; new vehicle GP +67%; F&I revenue +26%; parts & service GP +10%.
- Board authorized $200M new share repurchase; 1.1M shares repurchased in Q1. Liquidity ~$805M; adj. net leverage 2.2x.
- Updated 2025 strategic growth plan targeting $32B revenue ($16B in 2022). Completed 7 divestitures for $327M.

## SEC filing metadata
- accession: 0001144980-22-000120
- form_type: 8-K
- ticker: ABG
- cik: 0001144980
- company_name: ASBURY AUTOMOTIVE GROUP INC
- filed_at: 2022-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144980/000114498022000120/0001144980-22-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144980/000114498022000120/abg-20220428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144980-22-000120
- JSON: https://secwatch.observer/filing/0001144980-22-000120.json
- Plain text: https://secwatch.observer/filing/0001144980-22-000120.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.