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.
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.
Max materiality 0.90 · Median 0.72 · Most common event earnings