secwatch.observer — SEC 8-K summary
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Issuer:     ASBURY AUTOMOTIVE GROUP INC (ABG)
CIK:        0001144980
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001144980-23-000112
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144980/000114498023000112/0001144980-23-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144980/000114498023000112/abg-20230725.htm
  HTML page:      https://secwatch.observer/filing/0001144980-23-000112

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