Asbury Automotive Group (ABG) Misses Q4 EPS by 53c

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Go back to Asbury Automotive Group (ABG) Misses Q4 EPS by 53c

Asbury Automotive Group Reports Fourth Quarter Financial Results

February 8, 2024 7:12 AM EST

Revenue of $3.8 billion Completed acquisition of Jim Koons Automotive Companies, the ninth-largest privately-owned dealership group in the U.S., with over $3 billion in annual revenue Gross profit of $673 million SG&A as a percentage of gross profit of 61.5%; adjusted SG&A as a percentage of gross profit, a non-GAAP measure, of 61.0% Fourth quarter non-cash asset impairments of $117.2 million or $4.29 per diluted share Operating margin of 3.3%; adjusted operating margin, a non-GAAP measure, of 6.4% Net income of $56 million; adjusted net income, a non-GAAP measure, of... More