---
schema_version: "secwatch.filing_event.v1"
accession: "0001144980-24-000127"
form_type: "8-K"
ticker: "ABG"
cik: "0001144980"
company_name: "ASBURY AUTOMOTIVE GROUP INC"
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:22:20.654391+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Asbury Q2 net income down 86% to $28M on CDK cyber disruption and $101M impairment

## Summary
- GAAP EPS $1.39 vs $9.34 YoY; adjusted EPS $6.40 vs $8.95, down 31%.
- Revenue record $4.2B (+13% YoY); parts & service revenue $581M (+10%) and gross profit $340M.
- CDK cyber incident hurt EPS by $0.95-$1.15; non-cash asset impairments of $101.3M.
- Repurchased 592k shares for $130M YTD; board authorized $400M buyback, $329M remaining.
- Adjusted net leverage 2.7x; total liquidity $806M.

## SEC filing metadata
- accession: 0001144980-24-000127
- form_type: 8-K
- ticker: ABG
- cik: 0001144980
- company_name: ASBURY AUTOMOTIVE GROUP INC
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1144980/000114498024000127/0001144980-24-000127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144980/000114498024000127/abg-20240802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144980-24-000127
- JSON: https://secwatch.observer/filing/0001144980-24-000127.json
- Plain text: https://secwatch.observer/filing/0001144980-24-000127.txt

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