Press Releases

Date Title and Summary
Toggle Summary Asbury Automotive Group Reports All-Time Record EPS of $10.38, for First Quarter 2022, up 117% Over Prior Year, and Announces Update to Strategic Growth Plan
First quarter EPS of $10.38 per diluted share, up 117% over prior year First quarter adjusted EPS of $9.27 per diluted share (a non-GAAP measure), up 98% over prior year First quarter revenue increased 78% and gross profit increased 107% over prior year quarter; operating margin of 8.2% rose 200
Toggle Summary Asbury Automotive Group Schedules Release of First Quarter 2022 Financial Results
  DULUTH, Ga. --(BUSINESS WIRE)--Apr. 12, 2022-- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S. , announced that it will release its first quarter financial results before the market opens on April 28, 2022 .
Toggle Summary Asbury Automotive Group Appoints New Director to Its Board
Hilliard C. Terry , III Provides Asbury Automotive Group with In-Depth Knowledge of Finance, Capital Allocation, and Corporate Development DULUTH, Ga. --(BUSINESS WIRE)--Feb. 22, 2022-- Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and
Toggle Summary Asbury Automotive Group Announces Record Financial Results for Fourth Quarter and Full Year 2021 and Increase in Share Repurchase Authorization
Fourth quarter EPS of $6.44 per diluted share, up 40% over prior year EPS Fourth quarter adjusted EPS of $7.46 per diluted share (a non-GAAP measure), up 68% over prior year adjusted EPS Fourth quarter revenue increased 19% and gross profit increased 46% over prior year quarter; operating margin of
Toggle Summary Asbury Automotive Group Schedules Release of Fourth Quarter and Full Year 2021 Financial Results
DULUTH, Ga. --(BUSINESS WIRE)--Jan. 20, 2022-- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S. , announced that it will release its fourth quarter and full year financial results before the market opens on February 15, 2022 .
Toggle Summary Asbury Automotive Group Completes the Transformative Acquisition of Larry H. Miller Dealerships and Total Care Auto, Powered by Landcar
Acquisition Represents: Eighth largest franchised dealership group in the US 1 Over 60 stores in the attractive Western US representing 18 franchise brands with best-in-class operators Provider of service contracts and other vehicle protection products Well-respected group with the leading brands
Toggle Summary Asbury Automotive Group Adds Approximately $715 Million in Annualized Revenues with Acquisition of Stevinson Automotive
Eight dealerships in the attractive Denver, Colorado market representing six franchise brands, plus an additional franchise open point Well-respected group with an impressive share of leading brands in this desirable market Adds approximately $715 million in annualized revenue DULUTH, Ga.
Toggle Summary Asbury Automotive Group Announces Pricing of Its Private Offering of Senior Notes Due 2029 and Senior Notes Due 2032
DULUTH, Ga. --(BUSINESS WIRE)--Nov. 4, 2021-- Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury”) announced today that it has priced its previously announced private placement of senior notes, consisting of $800 million aggregate principal amount of 4.625% Senior Notes due 2029 (the “2029 Notes”)
Toggle Summary Asbury Automotive Group Announces Pricing of Common Stock Offering
DULUTH, Ga. --(BUSINESS WIRE)--Nov. 2, 2021-- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest U.S. -based franchised automotive retailers (“Asbury”), announced today that it has priced its previously announced public offering of 3,300,000 shares of its common stock at $182.00 per
Toggle Summary Asbury Automotive Group Announces Public Proposed Offering of Common Stock
DULUTH, Ga. --(BUSINESS WIRE)--Nov. 1, 2021-- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest U.S. -based franchised automotive retailers (“Asbury”), announced today that it has commenced an underwritten public offering of 3,300,000 shares of its common stock pursuant to an automatic
Toggle Summary Asbury Automotive Group Announces Private Offering of Senior Notes Due 2029 and Senior Notes Due 2032
DULUTH, Ga. --(BUSINESS WIRE)--Nov. 1, 2021-- Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury”) announced today that it intends to offer up to $1.5 billion aggregate principal amount of Senior Notes, which will consist of Senior Notes due 2029 (the “2029 Notes”) and Senior Notes due 2032 (the
Toggle Summary Asbury Automotive Group Announces Record Third Quarter 2021 Financial Results
Third quarter EPS of $7.54 per diluted share, up 52% over prior year EPS Third quarter adjusted EPS of $7.36 per diluted share (a non-GAAP measure), up 80% over prior year adjusted EPS Third quarter revenue increased 30% and gross profit increased 43% over prior year quarter Third quarter SG&A as a
Toggle Summary Asbury Automotive Group Schedules Release of Third Quarter 2021 Financial Results
DULUTH, Ga. --(BUSINESS WIRE)--Oct. 8, 2021-- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S. , announced that it will release its third quarter financial results before the market opens on Tuesday, October 26, 2021 .
Toggle Summary Asbury Automotive Group Adds Approximately $5.7 Billion in Annualized Revenues with Transformational Acquisition of Larry H. Miller Dealerships and Total Care Auto, Powered by Landcar
Acquisition Represents: Eighth largest dealership group in the US 1 Over 60 stores in the attractive Western US representing 18 franchise brands with best-in-class operators Provider of service contracts and other vehicle protection products with EBITDA margins of 20%+ Well-respected group with the
Toggle Summary Asbury Automotive Group Announces Record Second Quarter 2021 Financial Results
Second quarter EPS of $7.80 per diluted share, up 204% over prior year EPS Second quarter adjusted EPS of $7.78 per diluted share (a non-GAAP measure), up 209% over prior year adjusted EPS Second quarter revenue increased 79% and gross profit increased 105% over prior year quarter DULUTH, Ga.
Toggle Summary Asbury Automotive Group Enhances Clicklane with Addition of Accessories and Customization Platform Powered by Insignia Group
The enhancement gives Clicklane customers the ability to visualize accessories on their vehicles and purchase accessories completely online DULUTH, Ga. --(BUSINESS WIRE)--Jul. 12, 2021-- Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and
Toggle Summary Asbury Automotive Group Enhances Clicklane With Salty’s Embedded Insurance®
This partnership expands customers’ ability to purchase a vehicle entirely online by delivering a competitive, bindable car insurance quote as part of the checkout experience. DULUTH, Ga. --(BUSINESS WIRE)--Jul. 8, 2021-- Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of
Toggle Summary Asbury Automotive Group Schedules Release of Second Quarter 2021 Financial Results
DULUTH, Ga. --(BUSINESS WIRE)--Jul. 7, 2021-- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S. , announced that it will release its second quarter financial results before the market opens on July 27, 2021 .
Toggle Summary Asbury Automotive Group, Inc. Announces Appointment of Michael Welch as Chief Financial Officer
DULUTH, Ga. --(BUSINESS WIRE)--Jul. 6, 2021-- Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S. , today announced that Michael Welch will join the Company as its Senior Vice President and Chief Financial
Toggle Summary Asbury Automotive Group Announces Departure of Patrick J. Guido as CFO
DULUTH, Ga. --(BUSINESS WIRE)--Jun. 28, 2021-- Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S. , today announced that Patrick J. Guido provided notice of his decision to resign from the position of Senior