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 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 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 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 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 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.
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.
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).
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%).
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 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%).
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.
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