---
schema_version: "secwatch.filing_event.v1"
accession: "0001144980-24-000109"
form_type: "8-K"
ticker: "ABG"
cik: "0001144980"
company_name: "ASBURY AUTOMOTIVE GROUP INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:30:07.440978+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001144980-24-000109
- form_type: 8-K
- ticker: ABG
- cik: 0001144980
- company_name: ASBURY AUTOMOTIVE GROUP INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144980/000114498024000109/0001144980-24-000109-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144980/000114498024000109/abg-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144980-24-000109
- JSON: https://secwatch.observer/filing/0001144980-24-000109.json
- Plain text: https://secwatch.observer/filing/0001144980-24-000109.txt

## Key facts
- Earnings Releases
  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
  source text: --- 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1144980/000114498024000109/0001144980-24-000109-index.htm

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