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Stock impact report

Asbury Automotive Group Reports Fourth Quarter Financial Results [Yahoo! Finance]

Asbury Automotive Group Inc (ABG) 
Last asbury automotive group inc earnings: 2/3 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
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 $146 million EPS of $2.70 per diluted share; adjusted EPS, a non-GAAP measure, of $7.12 per diluted share Adjusted EBITDA, a non-GAAP measure, of $255 million Repurchased 246,000 shares for $47 million DULUTH, Ga., February 08, 2024 BUSINESS WIRE )--Asbury Automotive Group, Inc. (NYSE: ABG) (the "Company"), one of the largest automotive retail and service companies in the U.S., reported fourth quarter 2023 net income of $56 million ($2.70 per diluted share), a decrease of 89% from $353 million ($15.95 per diluted share) in fourth quarter 2022. Fourth quarter 2023 results include non-c Show less Read more
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