8-K
filed February 2, 2023, 6:59 PM ET
ticker ABG
CIK 0001144980
earnings
confidence high
sentiment positive
materiality 0.75
Asbury Automotive reports record Q4 net income up 151%, adjusted EPS $9.12
ASBURY AUTOMOTIVE GROUP INC
2021-FY EPS reported
$44.61
revenue$15,433,800,000
- Q4 revenue $3.7B (+40%); net income $353M ($15.95 EPS); adjusted EPS $9.12 (+22%).
- Full-year revenue $15.4B (+57%); adjusted EBITDA record $1.3B (+61%).
- Clicklane sold record 8,400 vehicles in Q4 (24% sequential increase); 27,500 for full year.
- Board increased share repurchase authorization by $108M to $200M; repurchased 1.6M shares in 2022.
- Completed nine dealership divestitures in Q4 with $322M proceeds; annualized revenue ~$590M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.98
ASBURY AUTOMOTIVE GROUP INC reported year ended December 31, 2022 results: revenue $15.4 billion, net income $997 million, EPS $44.61.
- Period
- year ended December 31, 2022
- Revenue
- $15.4 billion
- Net income
- $997 million
- EPS
- $44.61
- Result
- reported results
Exact text from the filing
• Net income, inclusive of gains on dealership divestitures, net, of $353 million (+151%) in the fourth quarter and $997 million (+87%) for the full year • Adjusted net income, a non-GAAP measure, of $202 million (+24%) in the fourth quarter and $842 million (+54%) for the full year • Adjusted EBITDA, a non-GAAP measure, of $319 million (+29%) in the fourth quarter and $1.3 billion (+61%) for the year • EPS of $15.95 per diluted share (+148%) in the fourth quarter and $44.61 per diluted share (+68%) for the full year • Adjusted EPS, a non-GAAP measure, of $9.12 per diluted share (+22%) in the fourth quarter and $37.66 per diluted share (+38%) for the full year • Revenue of $3.7 billion (+40%) in the fourth quarter and $15.4 billion (+57%) for the full year • Gross profit of $738 million (+36%) in the fourth quarter and $3.1 billion (+63%) for the full year • Operating margin of 8.2% in the fourth quarter and 8.2% for the year; Adjusted operating margin, a non-GAAP measure, of 8.2% in t
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.98
ASBURY AUTOMOTIVE GROUP INC reported three months ended December 31, 2022 results: revenue $3.7 billion, net income $353 million, EPS $15.95.
- Period
- three months ended December 31, 2022
- Revenue
- $3.7 billion
- Net income
- $353 million
- EPS
- $15.95
- Result
- reported results
Exact text from the filing
• Net income, inclusive of gains on dealership divestitures, net, of $353 million (+151%) in the fourth quarter and $997 million (+87%) for the full year • Adjusted net income, a non-GAAP measure, of $202 million (+24%) in the fourth quarter and $842 million (+54%) for the full year • Adjusted EBITDA, a non-GAAP measure, of $319 million (+29%) in the fourth quarter and $1.3 billion (+61%) for the year • EPS of $15.95 per diluted share (+148%) in the fourth quarter and $44.61 per diluted share (+68%) for the full year • Adjusted EPS, a non-GAAP measure, of $9.12 per diluted share (+22%) in the fourth quarter and $37.66 per diluted share (+38%) for the full year • Revenue of $3.7 billion (+40%) in the fourth quarter and $15.4 billion (+57%) for the full year • Gross profit of $738 million (+36%) in the fourth quarter and $3.1 billion (+63%) for the full year • Operating margin of 8.2% in the fourth quarter and 8.2% for the year; Adjusted operating margin, a non-GAAP measure, of 8.2% in t
View on SEC.gov
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