{"schema_version":"secwatch.filing_event.v1","accession":"0001144980-24-000014","form_type":"8-K","ticker":"ABG","cik":"0001144980","company_name":"ASBURY AUTOMOTIVE GROUP INC","filed_at":"2024-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.515440+00:00","generated_at":"2026-06-06T05:21:29.584948+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Asbury Automotive Q4 net income drops 89% to $56M; adjusted EPS $7.12, down 28% YoY","bullets":["Revenue $3.8B (+3% YoY); gross profit $673M (-9%); net income $56M ($2.70 diluted EPS) down 89%.","Adjusted net income $146M ($7.12 diluted EPS) down 28% YoY; includes $117.2M non-cash asset impairments.","Completed acquisition of Jim Koons Automotive (9th largest private dealership group) in Dec 2023.","Same-store new vehicle unit volume +7%, but new vehicle gross profit -16%; F&I PVR $2,304 (-11%).","Repurchased 246k shares for $47M in Q4; FY23 repurchases 1.3M shares for $258M."],"urls":{"canonical":"https://secwatch.observer/filing/0001144980-24-000014","json":"https://secwatch.observer/filing/0001144980-24-000014.json","markdown":"https://secwatch.observer/filing/0001144980-24-000014.md","text":"https://secwatch.observer/filing/0001144980-24-000014.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1144980/000114498024000014/0001144980-24-000014-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1144980/000114498024000014/abg-20240208.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T05:21:29.584948+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":"6560680170a4f338dc520fd1bfd009d3ab54cb5c","claim":"ASBURY AUTOMOTIVE GROUP INC reported three months and year ended December 31, 2023 results: revenue $3.8 billion, net income $56 million, EPS $2.70 per diluted share.","evidence_excerpt":"& Reporters May Contact: Joe Sorice Manager, Investor Relations (770) 418-8211 ir@asburyauto.com Asbury Automotive Group Reports Fourth Quarter Financial Results • Revenue of $3.8 billion • Completed acquisition of Jim Koons Automotive Companies, the ninth-largest privately-owned dealership group in the U.S., with over $3 billion in annual revenue • Gross profit","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144980/000114498024000014/0001144980-24-000014-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months and year ended December 31, 2023"},{"label":"Revenue","value":"$3.8 billion"},{"label":"Net income","value":"$56 million"},{"label":"EPS","value":"$2.70 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"8d9e696a98a13ffe990e8bc6cd7131b2845496b8","claim":"ASBURY AUTOMOTIVE GROUP INC reported full year 2023 results: net income $603 million, EPS $28.74 per diluted share.","evidence_excerpt":"For the full year 2023, the Company reported net income of $603 million ($28.74 per diluted share) compared to $997 million ($44.61 per diluted share) in the prior year, a 36% decrease in EPS.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1144980/000114498024000014/0001144980-24-000014-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Net income","value":"$603 million"},{"label":"EPS","value":"$28.74 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"}