Company Overview of Asbury Automotive Group, Inc.
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; vehicle maintenance, replacement parts, and collision repair services; and aftermarket products, such as financing, insurance, and service contracts. The company sells new vehicles to individual retail customers and commercial customers; and used vehicles to individual retail customers and other dealers at auction. As of February 4, 2015, it operated 83 dealership locations, including 104 franchises for the sale and servicing of 29 brands of new vehicles, as well as operated 25 collision repair centers and 3 standalone ...
2905 Premiere Parkway, NW
Duluth, GA 30097
Founded in 1995
Key Executives for Asbury Automotive Group, Inc.
Chief Executive Officer, President, Director and Member of Executive Committee
Total Annual Compensation: $950.0K
Chief Financial Officer, Principal Accounting Officer and Senior Vice President
Total Annual Compensation: $391.3K
Chief Operating Officer and Executive Vice President
Total Annual Compensation: $116.7K
Vice President, General Counsel and Secretary
Total Annual Compensation: $368.8K
Compensation as of Fiscal Year 2014.
Asbury Automotive Group, Inc. Key Developments
Asbury Automotive Group, Inc. Provides Earnings Guidance for the Second Quarter of 2015; Provides CapEx Guidance for the Year 2015
Apr 21 15
Asbury Automotive Group, Inc. provided earnings guidance for the second quarter of 2015. The company is anticipating a loss of $0.01 to $0.03 next quarter.
For the year 2015, CapEx budget is approximately $65 million and includes $45 million associated with core annual CapEx plan, with the remaining balance allocated to CapEx related to recent acquisition renovations and construction, which will enable the company to move out its facilities that are currently under lease.
Asbury Automotive Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 21 15
Asbury Automotive Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $1,541.8 million against $1,355.7 million a year ago. Income from operations was $73.1 million against $64.2 million a year ago. Income before income taxes was $58.4 million against $51.5 million a year ago. Income from continuing operations was $35.9 million or $1.30 per share diluted against $31.5 million or $1.03 per share diluted a year ago. Net income was $35.9 million or $1.30 per share diluted against $31.4 million or $1.02 per share diluted a year ago.
Asbury Automotive Mulls Acquisitions
Apr 21 15
Keith Style, Senior Vice President and Chief Financial Officer of Asbury Automotive Group, Inc. (NYSE:ABG) said, "I would say some of the numbers to get (technical difficulty) [quarter-of-$1-billion] is a one-time adjustment instead of ongoing. But we are still committed to it, to getting to the 2.5 times to 3 times range in a balanced way, in a balanced format, looking at internal opportunities, continuing to look at acquisitions."
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