Tranche Update on Asbury Automotive Group, Inc.'s Equity Buyback Plan announced on May 26, 2023.
February 08, 2024 at 07:06 am EST
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From October 1, 2023 to December 31, 2023, the company has repurchased 246,000 shares, representing 1.2% for $46 million. With this, the company has completed the repurchase of 246,000 shares, representing 1.2% for $46 million under the buyback announced on May 26, 2023.
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. 
