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Asbury Automotive Group Inc - ABG STOCK NEWS

Welcome to our dedicated news page for Asbury Automotive Group (Ticker: ABG), a resource for investors and traders seeking the latest updates and insights on Asbury Automotive Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Asbury Automotive Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Asbury Automotive Group's position in the market.

News
Asbury Automotive Announces Chief Legal Officer George Villasana to Retire
Rhea-AI Summary
Asbury Automotive Group, Inc. (NYSE: ABG) announced the retirement of Chief Legal Officer George Villasana after 12 years of service. A long-term transition plan is in place to ensure a smooth succession process. The company is conducting a thorough selection process for a new Chief Legal Officer.
Rhea-AI Impact
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End-of-Day
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Asbury Automotive Group Releases 2023 Corporate Responsibility Report
Rhea-AI Summary
Asbury Automotive Group, Inc. (NYSE: ABG) releases its 2023 Corporate Responsibility Report showcasing its Environmental, Social, and Governance commitments and initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
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Asbury Automotive Group Schedules Release of First Quarter 2024 Financial Results
Rhea-AI Summary
Asbury Automotive Group, Inc. (ABG) will release its first-quarter financial results on April 25, 2024, followed by a conference call. The call will be simulcast live on the internet, with a replay available for 30 days. Participants can join by dialing specific numbers and using a passcode.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.3%
Tags
earnings
News
The Presidio Group Advises Asbury Automotive Group on the Sale of Delaware Lexus Store
Rhea-AI Summary
The Presidio Group facilitated the sale of a Lexus dealership in Wilmington, Del., from Asbury Automotive Group to MileOne Autogroup. Asbury acquired the dealership as part of a larger acquisition. The deal was praised by both parties for its seamless execution and strategic benefits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
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Asbury Automotive Group Reports Fourth Quarter Financial Results
Rhea-AI Summary
Asbury Automotive Group, Inc. (ABG) reported a fourth-quarter net income of $56 million, a decrease of 89% from the previous year. Adjusted net income also decreased by 28% year-over-year. The company completed sixteen divestitures that contributed $683 million in revenue for the year. The total revenue for the full year 2023 was $14.8 billion, a decrease of 4%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.87%
Tags
earnings
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Asbury Automotive Group Schedules Release of Fourth Quarter 2023 Financial Results
Rhea-AI Summary
Asbury Automotive Group, Inc. (NYSE: ABG) will release its fourth quarter financial results on February 8, 2024. The company will host a conference call at 10:00 a.m. Eastern Time, which will be simulcast live on the internet. Participants can access the call through the company's investor website. A replay will be available for 30 days, and live audio will be accessible to the public.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
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earnings
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Asbury Automotive Group Completes Acquisition of Jim Koons Automotive Companies
Rhea-AI Summary
Asbury Automotive Group, Inc. (NYSE: ABG) has completed the acquisition of Jim Koons Automotive Companies, including 29 franchises, six collision centers, 20 dealerships in Virginia, Maryland and Delaware, and one of the highest volume Toyota dealerships in the US. The acquisition will add approximately $3 billion in expected annualized revenues. The purchase price of approximately $1.2 billion includes $740 million of goodwill, $420 million of real estate and leasehold improvements, as well as vehicle inventory, parts inventory, and fixed assets of the dealerships.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
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acquisition
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Asbury Automotive Group Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Asbury Automotive Group reports third quarter 2023 net income of $169 million, a decrease of 17% from the previous year. The company also announced a definitive agreement to acquire Jim Koons Automotive Companies, with over $3 billion in annual revenue.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.35%
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earnings
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Larry H. Miller Hyundai Peoria Celebrates Grand Re-Opening of Cutting-Edge Facility
Rhea-AI Summary
Larry H. Miller Hyundai Peoria announces grand re-opening of showroom with innovative upgrades
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Rhea-AI Sentiment
End-of-Day
-1.56%
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Asbury Automotive Group Schedules Release of Third Quarter 2023 Financial Results
Rhea-AI Summary
Asbury Automotive Group, Inc. (NYSE: ABG) to release Q3 financial results on October 24, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
Tags
earnings
Stock ABG logo
Asbury Automotive Group Inc

NYSE:ABG

ABG Rankings

#1272 Ranked by Market Cap
#973 Ranked by Stock Gains
N/A Ranked by Dividends

ABG Stock Data

4.37B
16.11M
0.55%
110.54%
10.06%
New Car Dealers
Retail Trade
Link
US
Duluth

About ABG

asbury automotive group, inc. (nyse: abg), headquartered in duluth, ga, a suburb of atlanta, is one of the largest automotive retailers in the u.s., with 2014 revenues over $5 billion. built through a combination of organic growth and a series of strategic acquisitions, asbury currently operates 87 retail auto stores, encompassing 104 franchises for the sale and servicing of 29 different brands of american, european and asian automobiles. asbury also operates 25 collision repair centers and three stand-alone used vehicle stores. asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts.