Asbury Automotive Group Portfolio Optimization; Increase in Share Repurchase Authorization to Replenish Such Authorization to $500 Million of Availability
Asbury Automotive Group Inc (ABG)
Last asbury automotive group inc earnings: 2/3 07:00 am
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US:NYSE Investor Relations:
asburyauto.com/company/investor-relations
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Source: Business Wire
ATLANTA--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., announced the completed sale of ten dealerships across Indiana, Missouri and South Carolina as part of capital allocation and portfolio optimization efforts.Asbury received approximately $210 million in net proceeds from the sale of the dealerships. The proceeds are net of mortgage payoffs for the real estate and estimated taxes. The annualized revenue from these ten dealerships was approximately $610 million.In addition, the Company today announced that its board of directors approved an increase in the authorization of the share repurchase plan for the Company of $424 million. Year to date, the Company has spent $100M repurchasing 441,000 shares. As of February 25, 2026, the Company had $76 million of remaining availability to repurchase shares of common stock under its existing stock repurchase program. As a result, with th
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ABG
News
- The Presidio Group Advised Asbury Automotive Group on the Sale of Three South Carolina Dealerships to RBM of Atlanta [Yahoo! Finance]Yahoo! Finance
- The Presidio Group Advised Asbury Automotive Group on the Sale of Three South Carolina Dealerships to RBM of AtlantaBusiness Wire
- Asbury Automotive Group Portfolio Optimization; Increase in Share Repurchase Authorization to Replenish Such Authorization to $500 Million of Availability [Yahoo! Finance]Yahoo! Finance
- The Presidio Group Advised Asbury Automotive Group on the Sale of Six Luxury Dealerships in St. Louis to MileOne Autogroup [Yahoo! Finance]Yahoo! Finance
- The Presidio Group Advised Asbury Automotive Group on the Sale of Six Luxury Dealerships in St. Louis to MileOne AutogroupBusiness Wire
ABG
Earnings
- 2/5/26 - Miss
ABG
Sec Filings
- 2/23/26 - Form 4
- 2/23/26 - Form 4
- 2/23/26 - Form 4
- ABG's page on the SEC website