---
schema_version: "secwatch.filing_event.v1"
accession: "0001144980-24-000145"
form_type: "8-K"
ticker: "ABG"
cik: "0001144980"
company_name: "ASBURY AUTOMOTIVE GROUP INC"
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T08:53:25.261994+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Asbury Q3 net income falls 25% to $126M; revenue up 16% to $4.2B

## Summary
- Net income $126M ($6.37 diluted EPS) vs $169M ($8.19) YoY; adjusted EPS $6.35 vs $8.12.
- Revenue $4.2B (+16% YoY); Parts & Service gross profit +16%; same-store revenue -2%.
- Repurchased ~394k shares for $89M in Q3; YTD ~830k for $183M; $276M remaining authorization.
- Estimated EPS impact $0.39-$0.43 from stop-sale orders (~1,200 lost new units) and Hurricane Helene.
- SG&A as % of gross profit 65.0%; adjusted 64.4%; sequential improvement of 25 bps.

## SEC filing metadata
- accession: 0001144980-24-000145
- form_type: 8-K
- ticker: ABG
- cik: 0001144980
- company_name: ASBURY AUTOMOTIVE GROUP INC
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1144980/000114498024000145/0001144980-24-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1144980/000114498024000145/abg-20241029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001144980-24-000145
- JSON: https://secwatch.observer/filing/0001144980-24-000145.json
- Plain text: https://secwatch.observer/filing/0001144980-24-000145.txt

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