Asbury Automotive Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 25, 2023 at 06:34 am EDT
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Asbury Automotive Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 3,742.5 million compared to USD 3,950.1 million a year ago. Net income was USD 196.4 million compared to USD 201.4 million a year ago. Basic earnings per share from continuing operations was USD 9.37 compared to USD 9.11 a year ago. Diluted earnings per share from continuing operations was USD 9.34 compared to USD 9.07 a year ago.
For the six months, revenue was USD 7,324.8 million compared to USD 7,862 million a year ago. Net income was USD 377.7 million compared to USD 439.1 million a year ago. Basic earnings per share from continuing operations was USD 17.78 compared to USD 19.6 a year ago. Diluted earnings per share from continuing operations was USD 17.7 compared to USD 19.52 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. 
