Asbury Automotive Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 08, 2024 at 07:06 am EST
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Asbury Automotive Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 3,811.7 million compared to USD 3,705.9 million a year ago. Net income was USD 55.5 million compared to USD 353.2 million a year ago. Basic earnings per share from continuing operations was USD 2.72 compared to USD 16.02 a year ago. Diluted earnings per share from continuing operations was USD 2.7 compared to USD 15.95 a year ago.
For the full year, revenue was USD 14,802.7 million compared to USD 15,433.8 million a year ago. Net income was USD 602.5 million compared to USD 997.3 million a year ago. Basic earnings per share from continuing operations was USD 28.87 compared to USD 44.78 a year ago. Diluted earnings per share from continuing operations was USD 28.74 compared to USD 44.61 a year ago.
Asbury Automotive Group, Inc. is an automotive retailer company. The Company operates through two segments: Dealerships and Total Care Auto (TCA). The Company offers a range of automotive products and services, including new and used vehicles; parts and service, which includes vehicle repair and maintenance services, replacement parts and collision repair services, and finance and insurance (F&I) products, which includes arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) debt cancellation and prepaid maintenance. The Company operates approximately 160 new vehicle dealerships, consisting of 208 franchises, representing 31 domestic and foreign brands of vehicles. Its TCA, powered by Landcar, is a provider of service contracts and other vehicle protection products, and 37 collision repair centers.
ASBURY AUTOMOTIVE GROUP, INC. 
