Press Releases

Date Title and Summary
Toggle Summary Asbury Automotive Group Announces Record Second Quarter 2020 Financial Results
Record operating margin of 5.7%   Record low SG&A as a percentage of gross profit of 62.7%   Record 20% of used sales transacted online DULUTH, Ga. , July 28, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S.
Toggle Summary Asbury Automotive Group Schedules Release of Second Quarter 2020 Financial Results
DULUTH, Ga. , July 16, 2020 /PRNewswire/ -- 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 28, 2020 .  Asbury will host a
Toggle Summary Asbury Automotive Group Announces Acquisition Of Park Place Dealerships And Provides Update On Recent Performance
Acquisition includes revised transaction terms from the previously-announced transaction on December 11, 2019   Business dramatically improves in May and June   Streamlined cost structure supporting continued profitability and cash flow generation   Acquisition expected to be immediately accretive
Toggle Summary Asbury Automotive Group Announces 2020 First Quarter Financial Results
First quarter EPS of $1.01 per diluted share, down 52% over prior year EPS First quarter adjusted EPS of $1.80 per diluted share (a non-GAAP measure), down 18% over prior year adjusted EPS DULUTH, Ga. , May 5, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc.
Toggle Summary Asbury Automotive Group Schedules Release of First Quarter 2020 Financial Results
DULUTH, Ga. , April 20, 2020 /PRNewswire/ -- 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 May 5, 2020 .  Asbury will host a conference
Toggle Summary Asbury Automotive Group, Inc. Announces Appointment of Patrick Guido as Chief Financial Officer
DULUTH, Ga. , April 17, 2020 /PRNewswire/ -- 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 ("PJ") Guido will join the company as its Senior Vice President and Chief
Toggle Summary Asbury Automotive Group Announces Change to a Virtual-Only Meeting Format for 2020 Annual Meeting of Stockholders
DULUTH, Ga. , April 10, 2020 /PRNewswire/ --  Asbury Automotive Group, Inc. (NYSE: ABG) (the "Company"), today announced its 2020 Annual Meeting of Stockholders (the "Annual Meeting") will be conducted exclusively online by remote communication due to public health concerns regarding COVID-19 and
Toggle Summary Asbury Automotive Group Announces Pricing Of Its Private Offering Of Senior Notes Due 2028 And Senior Notes Due 2030
DULUTH, Ga. , Feb. 5, 2020 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG)  announced today that it has priced its previously announced private placement of senior unsecured notes, consisting of $525,000,000 aggregate principal amount of 4.50% Senior Notes due 2028 (the "2028 Notes") and
Toggle Summary Asbury Automotive Group Announces Private Offering Of Senior Notes Due 2028 And Senior Notes Due 2030
DULUTH, Ga. , Feb. 3, 2020 /PRNewswire/ --  Asbury Automotive Group, Inc. (NYSE: ABG)  announced today that it intends to offer up to $1,125,000,000 aggregate principal amount of senior notes, which will consist of senior notes due 2028 (the "2028 Notes") and senior notes due 2030 (the "2030 Notes"
Toggle Summary Asbury Automotive Group Announces 2019 Fourth Quarter And Full-Year Financial Results
Record fourth quarter EPS of $2.26 per diluted share, up 10% over prior year EPS Record fourth quarter adjusted EPS of $2.53 per diluted share (a non-GAAP measure), up 15% over prior year adjusted EPS Record full-year EPS of $9.55 per diluted share, up 15% over prior year EPS Record full-year
Toggle Summary Asbury Automotive Group Schedules Release of Fourth Quarter and Full Year 2019 Financial Results
DULUTH, Ga. , Jan. 20, 2020 /PRNewswire/ -- 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 3 , 2020.  Asbury will
Toggle Summary Asbury Automotive Group Announces The Acquisition Of Park Place Dealerships
High volume, award winning luxury dealerships in high growth markets Increases presence in Dallas, one of the nation's most desirable luxury markets Increases luxury mix from 33% to 50% Strong, stable margins with higher percentage of gross profit from parts and service Generates approximately $1.9
Toggle Summary Asbury Automotive Group Announces 2019 Third Quarter Financial Results
Record third quarter EPS of $2.33 per diluted share, up 7% over prior year EPS and up 5% over prior year adjusted EPS (a non-GAAP measure) DULUTH, Ga. , Oct. 22, 2019 /PRNewswire/ --  Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S.,
Toggle Summary Asbury Automotive Group Acquires Its First-Ever Subaru Store in Colorado
DULUTH, Ga. , Oct. 14, 2019 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail companies in the U.S., has acquired Mike Shaw Subaru located in Thornton, Colorado . This will be the first dealership in Colorado as well as the first Subaru brand store for
Toggle Summary Asbury Automotive Group Announces Departure of Sean Goodman as CFO
DULUTH, Ga. , Oct. 11, 2019 /PRNewswire/ -- 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 Sean Goodman provided notice of his intention to resign from the position of Senior Vice
Toggle Summary Asbury Automotive Group Schedules Release of Third Quarter 2019 Financial Results
  DULUTH, Ga. , Oct. 7, 2019 /PRNewswire/ -- 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 October 22, 2019 . President and CEO David W.
Toggle Summary Asbury Automotive Group Announces Amended and Restated $1.45 Billion Senior Credit Facility
  DULUTH, Ga. , Sept. 25, 2019 /PRNewswire/ --  Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies today announced that it has entered into a third amended and restated $1.45 billion , five-year syndicated senior credit facility.  Asbury's new
Toggle Summary Asbury Automotive Group Announces 2019 Second Quarter Financial Results
Record second quarter EPS of $2.84 per diluted share, up 35% over prior year EPS Record second quarter adjusted EPS of $2.38 per diluted share (a non-GAAP measure), up 14% over prior year EPS DULUTH, Ga. , July 26, 2019 /PRNewswire/ --  Asbury Automotive Group, Inc.
Toggle Summary Asbury Automotive Group Schedules Release of Second Quarter 2019 Financial Results
DULUTH, Ga. , July 9, 2019 /PRNewswire/ -- 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 26 , 2019.  President and CEO David W.
Toggle Summary Asbury Automotive Group Announces Board Succession
DULUTH, Ga. , April 23, 2019 /PRNewswire/ --  Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S.,  announced today that, as planned and in accordance with its rotation of chairs policy, current board member