---
schema_version: "secwatch.filing_event.v1"
accession: "0001144980-23-000003"
form_type: "8-K"
ticker: "ABG"
cik: "0001144980"
company_name: "ASBURY AUTOMOTIVE GROUP INC"
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T01:52:38.790837+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Asbury Automotive reports record Q4 net income up 151%, adjusted EPS $9.12

## Summary
- 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.

## SEC filing metadata
- accession: 0001144980-23-000003
- form_type: 8-K
- ticker: ABG
- cik: 0001144980
- company_name: ASBURY AUTOMOTIVE GROUP INC
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144980/000114498023000003/0001144980-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144980/000114498023000003/abg-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144980-23-000003
- JSON: https://secwatch.observer/filing/0001144980-23-000003.json
- Plain text: https://secwatch.observer/filing/0001144980-23-000003.txt

## Key facts
- Earnings Releases
  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
  source text: • 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144980/000114498023000003/0001144980-23-000003-index.htm
- Earnings Releases
  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
  source text: • 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144980/000114498023000003/0001144980-23-000003-index.htm

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