Asbury Automotive Q1 net income down 24% to $181M; EPS $8.37 vs $10.38 YoY

ASBURY AUTOMOTIVE GROUP INC

2023-Q1 EPS reported $8.37 revenue$3,582,300,000

Revenue $3.6B, down 8% YoY; gross profit $696M, down 12%; operating margin 7.7%.
Net income $181M ($8.37 diluted EPS) vs $238M ($10.38) prior year; adjusted EPS $8.37 vs $9.27.
Same-store parts & service revenue up 12%, gross profit up 11%; customer pay gross profit up 13%.
Clicklane record sales over 10,800 vehicles, up 28% from Q4 2022; conversion rate double traditional leads.
Repurchased ~110,000 shares for $21M in Q1; $184M remaining on authorization.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASBURY AUTOMOTIVE GROUP INC reported first quarter 2023 results: revenue $3.6 billion, net income $181 million, EPS $8.37 per diluted share.

Period: first quarter 2023
Revenue: $3.6 billion
Net income: $181 million
EPS: $8.37 per diluted share
Result: reported results

Exact text from the filing

• Revenue of $3.6 billion • Gross profit of $696 million • SG&A as a percentage of gross profit of 57.9% • Operating margin of 7.7% • Net income of $181 million • EPS of $8.37 per diluted share

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

ASBURY AUTOMOTIVE GROUP INC filing history →

Source: SEC EDGAR

accession 0001144980-23-000104

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