secwatch.observer — SEC 8-K summary
======================================

Issuer:     ASBURY AUTOMOTIVE GROUP INC (ABG)
CIK:        0001144980
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001144980-24-000109
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144980/000114498024000109/0001144980-24-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144980/000114498024000109/abg-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001144980-24-000109

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