Asbury Automotive

Public dealerships plan for growth

12:01 am U.S. ET | April 27, 2015

AutoNation, Sonic, Asbury and Lithia gave updates on their new projects as they reported generally robust first-quarter earnings. Here's what they said....
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Asbury's first quarter net income rises 14%

9:06 am U.S. ET | April 21, 2015

Asbury Automotive Group's net income jumped 14 percent in the first quarter of 2015 from the year-earlier period, to $35.9 million, as all parts of its business experienced profit gains....
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Asbury plans to hire 200-400 technicians

11:04 am U.S. ET | March 16, 2015

Asbury Automotive Group says it will hire between 200 and 400 technicians during the next one to two years in a bid to meet potential growth opportunities in its parts-and-service business....
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For Q auto, expansion to follow profit

12:01 am U.S. ET | Feb. 9, 2015

Asbury Automotive Inc. has put opening more Q auto used-vehicle stores on hold this year while it works to turn a profit at its three existing stores....
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Asbury's Q4 net income falls on financing charge; operating income up 15%

11:17 am U.S. ET | Feb. 4, 2015

Despite higher revenue and operating profit, Asbury Automotive Group's net income dropped by more than half in the fourth quarter because of a loss on the extinguishment of long-term debt....
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'We feel very good about 2015'

3:47 pm U.S. ET | Jan. 22, 2015

It is party time for U.S. car dealers in the short term. But don't get complacent. Industry leaders said the cheap gasoline prices, low interest rates and general prosperity supporting auto sales will reverse, possibly by year-end or early 2016....
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Q auto's sales strategy: 1 person, 1 price

12:01 am U.S. ET | Oct. 27, 2014

Casey Coffey said the goal at Q auto -- Asbury Automotive Group Inc.'s new line of used-only dealerships -- is to stock an array of quality used vehicles and make quick, no-hassle sales to consumers. To speed sales, Q auto's strategy calls for product specialists to handle deals from beginning to end....
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Asbury raises its acquisition goal

12:01 am U.S. ET | Oct. 27, 2014

Asbury Automotive Group Inc.'s acquisition ambitions keep getting bigger. The nation's seventh-largest dealership group said that it now aims to buy stores that will add $500 million in annual revenue during the next 18 months....
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Rivals see Buffett as just another competitor

12:01 am U.S. ET | Oct. 25, 2014

Warren Buffett's entry into automotive retailing may mean more overall competition for acquisitions, but public dealership groups expect no interruptions to their growth plans....
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Asbury names former Group 1, RML exec David Hult COO

10:50 am U.S. ET | Oct. 24, 2014

Former Group 1 and RML Automotive executive David Hult will become the next COO of Asbury Automotive Group Inc. as the public retailer expands a used-car store initiative and looks to grow through acquisitions....
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Asbury to double pace of acquisitions

12:01 am U.S. ET | July 28, 2014

Asbury Automotive Group Inc. aims to double its acquisition pace during the next 18 months....
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Asbury posts Q2 double-digit profit, revenue gains

7:07 am U.S. ET | July 22, 2014

Improving car sales and a double-digit revenue jump helped drive second-quarter profits up 33 percent at Asbury Automotive Group, as all parts of its business showed gains, the auto retailer said today....
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Sonic, Asbury's paths to stand-alone used-car stores diverge

12:01 am U.S. ET | May 26, 2014

When it comes to stand-alone used-car stores, Asbury Automotive Group Inc. is dipping its toe in the water while Sonic Automotive Inc. is jumping in....
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