secwatch.observer — SEC 8-K summary
======================================

Issuer:     ASBURY AUTOMOTIVE GROUP INC (ABG)
CIK:        0001144980
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001144980-22-000139
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Asbury Q2 record EPS $9.07, adj. EPS $10.04; revenue $4.0B up 53% YoY
---------------------------------------------------------------------

- Net income $201M (+32% YoY); adj. net income $223M (+47%); adj. EBITDA record $352M (+56%).
- Same-store revenue down 7%, gross profit flat; new vehicle units -31%, F&I PVR +32% to $2,409.
- Clicklane sold ~6,600 vehicles (+55% YoY, +17% sequential); 92% incremental customers.
- Liquidity ~$1.0B; adjusted net leverage 2.1x vs 2.7x at end of 2021.
- Operating margin 8.5% (flat YoY); adj. operating margin +10 bps to 8.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144980/000114498022000139/0001144980-22-000139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144980/000114498022000139/abg-20220728.htm
  HTML page:      https://secwatch.observer/filing/0001144980-22-000139

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