Highest-materiality recent filing
Asbury Automotive appoints Daniel Clara CEO; employment agreement details disclosed
Daniel Clara promoted to President and CEO effective May 4, 2026, succeeding prior leadership.
Asbury shareholders remove supermajority vote rules; reject special meeting proposal
Amendment to charter and bylaws replacing 80% supermajority with majority vote approved: 16,612,986 for, 18,028 against.
Asbury Q1 GAAP EPS $9.87 on gain from divestitures; adjusted EPS $5.37 down 24% YoY
GAAP net income $188M ($9.87/diluted) up 42% YoY; adjusted net income $102M ($5.37/diluted) down 24%.
Asbury Q4 net income down 53% to $60M; adjusted EPS $6.67; record annual revenue $18B
Q4 net income $60M ($3.10 diluted EPS) down 53% YoY; adjusted net income $129M ($6.67 adj. EPS) down 10%.
Asbury Automotive appoints new director, lowers special meeting threshold, Maritz departing board
Christopher DiSantis appointed to Board effective March 1, 2026; will serve on Audit and Compensation Committees.
Asbury Automotive CEO David Hult to become Executive Chairman; COO Dan Clara named CEO
Hult transitions to Executive Chairman after May 2026 Annual Meeting; Clara (current COO) becomes President and CEO.
Asbury Automotive reports record Q3 revenue of $4.8B, EPS $7.52 (+18% YoY)
Revenue $4.8B (+13% YoY); gross profit $803M (+12%); net income $147M.
Asbury Automotive files Herb Chambers financials; Q1 revenue $786M
Herb Chambers total assets $1.08B as of March 31, 2025; net income $7.2M for Q1.
Asbury Q2 GAAP EPS $7.76, adjusted $7.43; revenue $4.4B; acquires Herb Chambers
GAAP EPS $7.76 vs $1.39 YoY; adjusted EPS $7.43 vs $6.40 YoY (up 13%).
Asbury completes $1.45B acquisition of Herb Chambers Companies; adds 33 dealerships in Northeast
Aggregate net purchase price $1.45B including $750M goodwill, $610M real estate, $85M other assets net of $375M floorplan.
Asbury Automotive expects Herb Chambers acquisition to close by end of July 2025
Previously disclosed acquisition of The Herb Chambers Companies now expected to close by end of July 2025.
All 10 director nominees elected: Thomas Reddin received 18.3M for, 246k withheld; broker non-votes 604k.
Asbury Q1 earnings call transcript filed; no financial figures in filing text
8-K filed to furnish transcript of April 29, 2025 earnings call after webcast audio issues.
Asbury Q1 net income $132M ($6.71 EPS); acquires Herb Chambers ($3B revenue)
Net income of $132M ($6.71 diluted EPS), down 10% YoY; adjusted EPS $6.82 (down 9%).
Asbury Automotive extends credit lines by $775M total to fund Herb Chambers acquisition
Revolving credit facility increased from $500M to $925M.
Asbury Automotive appoints Daniel E. Clara as COO effective Feb 17, 2025
Daniel E. Clara, age 45, promoted from SVP of Operations to COO.
Asbury Automotive to acquire Herb Chambers Companies for $1.34B
Purchase price $1.34B, including $750M goodwill and ~$590M real estate; no financing condition.
Asbury Q4 record revenue $4.5B, adj. EPS $7.26, parts & service +19%
Net income $129M ($6.54 diluted EPS), up 132% YoY; adjusted net income $143M ($7.26 diluted EPS), down 2% YoY.
Asbury Automotive appoints Shamla Naidoo to Board effective Jan 1, 2025
Shamla Naidoo appointed to Asbury Board effective Jan 1, 2025; brings cybersecurity and tech expertise.
Asbury Q3 net income falls 25% to $126M; revenue up 16% to $4.2B
Net income $126M ($6.37 diluted EPS) vs $169M ($8.19) YoY; adjusted EPS $6.35 vs $8.12.
FTC files complaint against Asbury Automotive over add-on product sales; company denies allegations
FTC complaint filed Aug 16, 2024, alleging violation of FTC Act and Equal Credit Opportunity Act at three Dallas-area dealerships.
Asbury Q2 net income down 86% to $28M on CDK cyber disruption and $101M impairment
GAAP EPS $1.39 vs $9.34 YoY; adjusted EPS $6.40 vs $8.95, down 31%.
Asbury Automotive reports cyber-attack on vendor CDK Global disrupting operations
Learned June 19, 2024, that CDK Global experienced cyber-attack impacting sales, service, inventory, CRM, and accounting functions.
Nine director nominees elected: Thomas Reddin received 18.70M votes for, others also received over 18.5M; broker non-votes 575,357.
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.
ABG Chief Legal Officer George Villasana to retire; search for successor underway
George Villasana will retire as SVP, CLO and Secretary effective June 30, 2024.
Acquired substantially all assets of Jim Koons Dealerships for ~$1.5B; transaction closed Dec 11, 2023.
Asbury Automotive Q4 net income drops 89% to $56M; adjusted EPS $7.12, down 28% YoY
Revenue $3.8B (+3% YoY); gross profit $673M (-9%); net income $56M ($2.70 diluted EPS) down 89%.
Asbury Automotive completes $1.2B acquisition of Jim Koons Automotive Companies
Acquisition adds 20 dealerships, 29 franchises, and 6 collision centers in VA, MD, DE.
Company held its Q3 2023 earnings conference call on October 24, 2023.
Revenue $3.7B down 5% YoY; net income $169M ($8.19 diluted EPS) vs $205M ($9.23) in Q3 2022.
Asbury Automotive to acquire Jim Koons dealerships for ~$1.2B, adding 20 stores in Mid-Atlantic
Purchase price ~$1.2B ($740M goodwill, $417M real estate) for 20 dealerships, 6 collision centers, 29 franchises.
Asbury Automotive in discussions to acquire Jim Koons dealerships; no deal yet
Disclosed talks regarding potential acquisition of Jim Koons dealerships.
Asbury Automotive Q2 2023 net income $196M; adjusted EPS $8.95, down 16% YoY
Revenue $3.7B (-5% YoY); gross profit $713M (-11%); gross margin 19.1% (-127 bps).
Nine directors elected with vote totals ranging from 19,768,275 to 20,149,161 for; broker non-votes of 711,197 on each.
Asbury Automotive Q1 net income down 24% to $181M; EPS $8.37 vs $10.38 YoY
Revenue $3.6B, down 8% YoY; gross profit $696M, down 12%; operating margin 7.7%.
Asbury Automotive reports record Q4 net income up 151%, adjusted EPS $9.12
Q4 revenue $3.7B (+40%); net income $353M ($15.95 EPS); adjusted EPS $9.12 (+22%).
Mr. Briesemeister previously SVP & Corporate Controller at Global Payments Inc. (GPN) since March 2020.
Asbury Q3 net income $205M ($9.23 EPS), revenue $3.9B, up 39% and 61% YoY
Net income $205M ($9.23 diluted EPS), up 39% YoY; no adjustments in current quarter.
Asbury Automotive amends credit agreement, increases real estate borrowing base cap to 40%
Real estate component of Revolving Borrowing Base cap raised from 25% to 40% of Aggregate Revolving Commitments.
Asbury Q2 record EPS $9.07, adj. EPS $10.04; revenue $4.0B up 53% YoY
Net income $201M (+32% YoY); adj. net income $223M (+47%); adj. EBITDA record $352M (+56%).
Asbury Automotive enters consulting agreement with departing CAO Stax for $200,000
William Stax resigned as VP, Controller & CAO effective May 13, 2022.
Asbury Automotive Q1 EPS $10.38, up 117% YoY; revenue $3.9B, up 78%
Record diluted EPS of $10.38; adjusted EPS $9.27, up 98% YoY. Net income $237.7M (+156%).
Asbury Automotive shareholders elect all nine director nominees, approve say-on-pay, ratify EY
Nine director nominees elected with 21.0–21.3M votes each; broker non-votes ~1.03M.
Asbury Automotive VP, Controller & CAO William Stax to resign effective May 13, 2022
William Stax, Vice President, Controller and CAO, resigns to relocate out of state for family reasons.
Asbury Automotive appoints Hilliard C. Terry, III to Board of Directors effective Feb 22, 2022
Hilliard C. Terry, III appointed to Board effective February 22, 2022; total board now 10 members, 9 independent.
GAAP EPS $6.44 diluted (+40% YoY); adjusted EPS $7.46 (+68% YoY).
Asbury completes $3.2B acquisition of Larry H. Miller Dealerships and Total Care Auto
Purchase price $3.2B for 54 new-vehicle dealerships, 7 used-car stores, 11 collision centers, a wholesale business, and an F&I product provider.
Asbury Automotive acquires Stevinson Automotive for ~$377M, adds $715M annualized revenue
Acquired 8 dealerships in Denver (Lexus, Toyota, Porsche, Chevrolet, Hyundai, Jaguar) plus Land Rover open point.
Management to present at BofA Securities Leveraged Finance Virtual Conference on Nov 30, 2021 at 8:15 a.m. ET.
On May 4, 2026 (the “Transition Date”), the Company announced that it had entered into an employment agreement with Daniel Clara (the “Clara Agreement”) in connection with his promotion to President and Chief Executive Officer of the Company
appointed Shamla Naidoo to serve as a member of the Board effective January 1, 2025.
George A. Villasana, the Company’s Senior Vice President, Chief Legal Officer and Secretary will retire from those positions effective June 30, 2024.
Nathan Briesemeister, age 50, has been appointed to serve as Vice President, Chief Accounting Officer & Controller of the Company, effective November 7, 2022.
Mr. William Stax had provided notice of his intention to resign as Vice President, Controller and Chief Accounting Officer of the Company effective on May 13, 2022.
On March 17, 2022, Mr. William Stax provided notice of his intention to resign as Vice President, Controller and Chief Accounting Officer of Asbury Automotive Group, Inc. effective on May 13, 2022 in order to relocate out of state and be closer to his family.
On February 22, 2022, the Board of Directors (the “Board”) of Asbury Automotive Group, Inc. (the “Company”), upon the recommendation of the Governance & Nominating Committee, appointed Hilliard C. Terry, III to serve as a member of the Board effective February 22, 2022.
replacing William Stax, who has been serving as interim principal financial officer. Mr. Stax will continue to serve as Vice President, Corporate Controller & Chief Accounting Officer of the Company.
On July 5, 2021, the Board of Directors of Asbury Automotive Group, Inc. (the "Company") appointed Michael Welch, age 46, to serve as Senior Vice President & Chief Financial Officer of the Company, effective August 9, 2021.
Max materiality 1.00 · Median 0.75 · Most common event earnings