---
schema_version: "secwatch.filing_event.v1"
accession: "0001144980-23-000104"
form_type: "8-K"
ticker: "ABG"
cik: "0001144980"
company_name: "ASBURY AUTOMOTIVE GROUP INC"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T15:33:50.305469+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001144980-23-000104
- form_type: 8-K
- ticker: ABG
- cik: 0001144980
- company_name: ASBURY AUTOMOTIVE GROUP INC
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1144980/000114498023000104/0001144980-23-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144980/000114498023000104/abg-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144980-23-000104
- JSON: https://secwatch.observer/filing/0001144980-23-000104.json
- Plain text: https://secwatch.observer/filing/0001144980-23-000104.txt

## Key facts
- Earnings Releases
  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
  source text: • 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144980/000114498023000104/0001144980-23-000104-index.htm

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