{"schema_version":"secwatch.filing_event.v1","accession":"0001144980-23-000112","form_type":"8-K","ticker":"ABG","cik":"0001144980","company_name":"ASBURY AUTOMOTIVE GROUP INC","filed_at":"2023-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.242599+00:00","generated_at":"2026-06-13T02:50:07.162310+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Asbury Automotive Q2 2023 net income $196M; adjusted EPS $8.95, down 16% YoY","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001144980-23-000112","json":"https://secwatch.observer/filing/0001144980-23-000112.json","markdown":"https://secwatch.observer/filing/0001144980-23-000112.md","text":"https://secwatch.observer/filing/0001144980-23-000112.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144980/000114498023000112/0001144980-23-000112-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144980/000114498023000112/abg-20230725.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:50:07.162310+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f3c11b822314ab8e1f5e93a5987ba99be798ad02","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144980/000114498023000112/0001144980-23-000112-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three and six months ended June 30, 2023"},{"label":"Revenue","value":"$3.7 billion"},{"label":"Net income","value":"$196 million"},{"label":"EPS","value":"$9.34 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}