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Asbury Automotive Group (ABG) Increases Share Buyback by $100M, Reports Q4 Revenues

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Asbury Automotive Group Announces Record Financial Results for Fourth Quarter and Full Year 2021 and Increase in Share Repurchase Authorization

February 15, 2022 7:00 AM EST

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 8.9% Fourth quarter SG&A as a percentage of gross profit decreased 690 bps over prior year to 54.5%, while adjusted SG&A decreased 710 bps to 54.3% Full year revenue increased 38% and gross profit increased 55% over prior year and adjusted EBITDA (a non-GAAP measure) increased 94% to $828... More