Asbury’s Net Income Rises

By Staff Writer February 07, 2020

Asbury Automotive Group, Inc. reported net income for the fourth quarter of $43.6 million ($2.26 per diluted share).  This compares to net income of $40.4 million ($2.06 per diluted share) in the prior year quarter.

“We delivered a very strong quarter,” said David Hult, president & CEO.  “We grew revenue 6 percent, increased used unit sales 15 percent, delivered 8 percent parts and service gross profit growth, grew F&I gross profit by 8 percent, and grew adjusted EPS 15 percent.”

It also reported adjusted net income (a non-GAAP measure) for the fourth quarter of $48.9 million ($2.53 per diluted share) compared to $43.2 million ($2.20 per diluted share) in the prior year quarter, a 15 percent increase in adjusted earnings per share.

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Last modified on Wednesday, 12 February 2020 14:36

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