Asbury Automotive Q2 2023 net income $196M; adjusted EPS $8.95, down 16% YoY

ASBURY AUTOMOTIVE GROUP INC

2023-Q2 EPS reported $17.70 revenue$7,324,800,000

Revenue $3.7B (-5% YoY); gross profit $713M (-11%); gross margin 19.1% (-127 bps).
Adjusted net income $188M (adj. EPS $8.95) vs. $223M ($10.04) in Q2 2022.
Same-store parts & service revenue +6%; Clicklane record of over 11,400 vehicles sold.
Repurchased ~960k shares for $190M in Q2; new $250M buyback authorization approved.
Adjusted net leverage ratio 1.7x; total liquidity ~$1.6B.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ASBURY AUTOMOTIVE GROUP INC reported the three and six months ended June 30, 2023 results: revenue $3.7 billion, net income $196 million, EPS $9.34 per diluted share.

Period: the three and six months ended June 30, 2023
Revenue: $3.7 billion
Net income: $196 million
EPS: $9.34 per diluted share
Result: reported results

Exact text from the filing

Reporters May Contact: Joe Sorice Manager, Investor Relations (770) 418-8211 ir@asburyauto.com Asbury Automotive Group Reports Second Quarter 2023 Financial Results • Revenue of $3.7 billion • Gross profit of $713 million • SG&A as a percentage of gross profit of 57.3%; adjusted SG&A as a percentage of gross profit, a non-GAAP measure, of 57.0% • Operating margin of

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ASBURY AUTOMOTIVE GROUP INC filing history →

Source: SEC EDGAR

accession 0001144980-23-000112

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