secwatch.observer — SEC 8-K summary
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Issuer:     ASBURY AUTOMOTIVE GROUP INC (ABG)
CIK:        0001144980
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001144980-23-000104
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144980/000114498023000104/0001144980-23-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144980/000114498023000104/abg-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001144980-23-000104

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