Asbury Automotive Q1 revenue record $4.2B, EPS $7.21 down 14% YoY

ASBURY AUTOMOTIVE GROUP INC

2024-Q1 EPS reported $7.21 revenue$4,201,200,000

Revenue $4.2B (+17% YoY); net income $147M (-19%); diluted EPS $7.21 vs $8.37.
Same-store revenue -1%; gross profit -8%; new vehicle gross profit -23%.
Parts & service revenue +15%, gross profit +18% – record performance.
Repurchased ~240,000 shares for $50M; $153M remaining on authorization.
Adjusted net leverage ratio 2.6x; total liquidity $712M at quarter end.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASBURY AUTOMOTIVE GROUP INC reported three months ended March 31, 2024 results: revenue $4.2 billion, net income $147 million, EPS $7.21 per diluted share.

Period: three months ended March 31, 2024
Revenue: $4.2 billion
Net income: $147 million
EPS: $7.21 per diluted share
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- Investors & Reporters May Contact: Joe Sorice Manager, Investor Relations (770) 418-8211 ir@asburyauto.com Asbury Automotive Group Reports Record $4.2 Billion in Revenue • Operating margin of 6.3% • EPS of $7.21 per diluted share • Parts and service revenue growth of 15%; parts and service gross profit growth of 18% • Repurchased

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Source: SEC EDGAR

accession 0001144980-24-000109

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