September 16, 2014 7:27 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; 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 April 23, 2014, it operated 80 retail auto stores, encompassing 101 franchises for the sale and servicing of 29 brands of American, European, and Asian automobiles. Asbury Automotive Group, Inc. was fou...

2905 Premiere Parkway, NW

Suite 300

Duluth, GA 30097

United States

Founded in 1995

7,600 Employees

Phone:

770-418-8200

Key Executives for Asbury Automotive Group, Inc.

Chief Executive Officer
Age: 57
Total Annual Compensation: $916.7K
Chief Operating Officer
Age: 62
Total Annual Compensation: $700.0K
Vice President
Age: 46
Total Annual Compensation: $344.2K
Compensation as of Fiscal Year 2013.

Asbury Automotive Group, Inc. Key Developments

Asbury Automotive Group, Inc. Presents at C.L. King's Best Ideas Conference 2014, Sep-09-2014 03:30 PM

Asbury Automotive Group, Inc. Presents at C.L. King's Best Ideas Conference 2014, Sep-09-2014 03:30 PM. Venue: Omni Berkshire Place Hotel, New York, New York, United States.

Asbury Automotive Group, Inc. Presents at JPMorgan Auto Conference, Aug-13-2014 09:20 AM

Asbury Automotive Group, Inc. Presents at JPMorgan Auto Conference, Aug-13-2014 09:20 AM. Venue: J.P. Morgan Headquarters, 270 Park Ave, between 47th and 48th streets, New York, New York, United States. Speakers: Keith R. Style, Chief Financial Officer and Senior Vice President.

Asbury Automotive Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capex Guidance for 2014

Asbury Automotive Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company has posted total revenue of $1,503.4 million against $1,345.3 million a year ago. Income from continuing operations was $36.2 million or $1.18 diluted per share against $27.2 million or $0.88 diluted per share a year ago. Net income was $35.9 million or $1.18 diluted per share against $27.0 million or $0.87 diluted per share a year ago. Adjusted income from continuing operations was $36.2 million or $1.19 diluted per share against $30.4 million or $0.87 diluted per share a year ago. During the second quarter, the company spent $18.2 million on capex to upgrade stores, expand service capacity and invest in technology. For the six-month period ended June 30, 2014, the company's revenues totaled $2.9 billion, an increase of 11% compared to $2.6 billion in the prior year period. Net income was $67.3 million, or $2.20 per diluted share, compared to $59.5 million, or $1.91 per diluted share, for the prior year period. Income from continuing operations was $67.7 million or $2.23 diluted per share against $51.1 million or $1.66 diluted per share a year ago. Adjusted income from continuing operations was $67.7 million or $2.21 diluted per share against $54.3 million or $1.75 diluted per share a year ago. The company continued to budget capex of $60 million for 2014, which includes core annual capex plan. In addition, the company estimates an incremental $25 million of capital commitments related to Q auto initiative in 2014.

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