secwatch.observer — SEC 8-K summary
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Issuer:     ASBURY AUTOMOTIVE GROUP INC (ABG)
CIK:        0001144980
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0001144980-22-000120
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144980/000114498022000120/0001144980-22-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144980/000114498022000120/abg-20220428.htm
  HTML page:      https://secwatch.observer/filing/0001144980-22-000120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer