secwatch.observer — SEC 8-K summary
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Issuer:     ASBURY AUTOMOTIVE GROUP INC (ABG)
CIK:        0001144980
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001144980-26-000076
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Asbury Q1 GAAP EPS $9.87 on gain from divestitures; adjusted EPS $5.37 down 24% YoY
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- GAAP net income $188M ($9.87/diluted) up 42% YoY; adjusted net income $102M ($5.37/diluted) down 24%.
- Divested ten dealerships for net proceeds ~$210M; estimated annualized revenue of $625M from divested stores.
- Repurchased ~678K shares for $147M; $453M remaining on buyback authorization.
- Over 50% of stores converted to Tekion DMS; implementation costs $5M in quarter.
- Adjusted operating margin 5.0%; adjusted SG&A as % of gross profit 68.6%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144980/000114498026000076/0001144980-26-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144980/000114498026000076/abg-20260428.htm
  HTML page:      https://secwatch.observer/filing/0001144980-26-000076

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