secwatch.observer — SEC 8-K summary
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Issuer:     ASBURY AUTOMOTIVE GROUP INC (ABG)
CIK:        0001144980
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001144980-22-000155
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Asbury Q3 net income $205M ($9.23 EPS), revenue $3.9B, up 39% and 61% YoY
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- Net income $205M ($9.23 diluted EPS), up 39% YoY; no adjustments in current quarter.
- Revenue $3.9B, up 61% YoY; gross profit $768M, up 60%.
- Adjusted EBITDA $329M, up 54% YoY; adjusted net leverage ratio 1.9x at quarter end.
- Same-store dealership revenue down 3%; new vehicle unit volume down 16%, parts & service revenue up 12%.
- Hurricane Ian pretax impact $4.0M ($0.14 EPS); Clicklane online sales record over 6,800 units.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144980/000114498022000155/0001144980-22-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144980/000114498022000155/abg-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001144980-22-000155

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