March 25, 2017 7:47 PM ET

Specialty Retail

Company Overview of Asbury Automotive Group, Inc.

Company Overview

Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance. As of December 31, 2016, the company owned and operated 93 new vehicle franchises representing 28 brands of automobiles at 77 dealership locations, and 23 c...

2905 Premiere Parkway, NW

Suite 300

Duluth, GA 30097

United States

Founded in 1995

7,900 Employees

Phone:

770-418-8200

Key Executives for Asbury Automotive Group, Inc.

Chief Executive Officer, President and Director
Age: 59
Total Annual Compensation: $996.6K
Chief Operating Officer and Executive Vice President
Age: 50
Total Annual Compensation: $745.2K
Senior Vice President, General Counsel and Secretary
Age: 48
Total Annual Compensation: $448.0K
Senior Vice President of Corporate Development and Real Estate
Age: 41
Total Annual Compensation: $397.7K
Compensation as of Fiscal Year 2016.

Asbury Automotive Group, Inc. Key Developments

Asbury Automotive Group, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Year Ended December 31, 2016

Asbury Automotive Group, Inc. announced unaudited consolidated earnings results for fourth quarter and year ended December 31, 2016. For the quarter, the company reported total revenues of $1,666.5 million against $1,640.5 million a year ago. Income from operations was $80.1 million against $69.7 million a year ago. Income from continuing operations before income taxes was $106.9 million against $65.6 million a year ago. Income from continuing operations was $67.1 million against $41.2 million a year ago. Net income was $67.1 million against $41.1 million a year ago. Diluted earnings per share from continuing operations were $3.08 against $1.65 a year ago. Diluted earnings per share were $3.08 against $1.64 a year ago. Adjusted income from operations was $74.0 million against $69.7 million a year ago. Adjusted income from continuing operations was $34.0 million against $32.8 million a year ago. Adjusted diluted eps from continuing operations was $1.56 compared to $1.31 a year ago. For the year, the company reported total revenues of $6,527.8 million against $6,588.3 million a year ago. Income from operations was $297.8 million against $301.6 million a year ago. Income from continuing operations before income taxes was $267.8 million against $273.4 million a year ago. Income from continuing operations was $167.2 million against $169.4 million a year ago. Net income was $167.2 million against $169.2 million a year ago. Diluted earnings per share from continuing operations were $7.40 against $6.41 a year ago. Diluted earnings per share were $7.40 against $6.42 a year ago. Adjusted EBITDA was $308.3 million against $304.6 million a year ago. Adjusted income from operations was $296.9 million against $301.6 million a year ago. Adjusted income from continuing operations was $137.3 million against $147.0 million a year ago. Adjusted diluted eps from continuing operations was $6.08 compared to $5.57 a year ago.

Asbury Automotive Group Announces Departure of Keith Style as Senior Vice President and Chief Financial Officer, Effective March 7, 2017

Asbury Automotive Group, Inc. announced that Keith Style provided notice of his intention to resign from the position of Senior Vice President and Chief Financial Officer of the company effective March 7, 2017, to accept the position of President and Chief Financial Officer of a privately-owned company. The company also announced that William Stax, Corporate Controller and Chief Accounting Officer of the company, was appointed interim Principal Financial Officer effective March 8, 2017 while the company conducts a search for a new Chief Financial Officer.

Asbury Automotive Group, Inc. to Report Q4, 2016 Results on Feb 07, 2017

Asbury Automotive Group, Inc. announced that they will report Q4, 2016 results at 9:00 AM, Eastern Standard Time on Feb 07, 2017

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 7, 2017
Chevy Franchise And An Isuzu Truck Franchise in Indianapolis
Merger/Acquisition
December 13, 2016
Asbury Automotive Group Inc., 5 Dealerships and Dual Collision Centers in Arkansas
 

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