---
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"
generated_at: "2026-06-13T02:50:07.162310+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144980-23-000112
- JSON: https://secwatch.observer/filing/0001144980-23-000112.json
- Plain text: https://secwatch.observer/filing/0001144980-23-000112.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1144980/000114498023000112/0001144980-23-000112-index.htm

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