Asbury Automotive Group Schedules Release of First Quarter 2023 Financial Results

Rhea-AI Summary

Asbury Automotive Group, Inc. (NYSE: ABG) will release its first quarter financial results on April 25, 2023, before market opening. A conference call will follow at 10:00 a.m. Eastern Time, accessible via the company’s investor relations website. Asbury Automotive, headquartered in Duluth, GA, is among the largest automotive retailers in the U.S., with 139 new vehicle dealerships and a portfolio of 186 franchises representing various brands. The company is focused on growth through digital innovation, like its Clicklane platform, and aims to enhance revenue and profitability over the next five years. They offer a wide range of services, including vehicle sales, parts, repair, and finance options.

Positive

• Launch of Clicklane digital vehicle purchasing platform is expected to enhance customer experience and drive sales.
• Strategic five-year plan focused on organic and acquisitive growth may lead to increased revenue and profitability.

Negative

• None.

DULUTH, Ga.--(BUSINESS WIRE)-- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its first quarter financial results before the market opens on Tuesday, April 25, 2023. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.

The conference call will be simulcast live on the internet and can be accessed by logging onto https://investors.asburyauto.com. A replay will be available on this site for 30 days.

In addition, live audio will be accessible to the public. Participants may enter the conference call five to ten minutes prior to the scheduled start of the call by dialing:

Domestic:	(877) 407-2988
International:	+1 (201) 389-0923
Passcode:	13737927

About Asbury Automotive Group, Inc

Asbury Automotive Group, Inc. (NYSE: ABG), a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S. In late 2020, Asbury embarked on a five-year plan to increase revenue and profitability strategically through organic and acquisitive growth as well as their innovative Clicklane digital vehicle purchasing platform, with its guest-centric approach as Asbury’s constant North Star. As of December 31, 2022, Asbury operated 139 new vehicle dealerships, consisting of 186 franchises, representing 31 domestic and foreign brands of vehicles. Asbury also operates Total Care Auto, Powered by Landcar, a leading provider of service contracts and other vehicle protection products, and 32 collision repair centers. Asbury offers an extensive 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 products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, and prepaid maintenance.

For additional information, visit www.asburyauto.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230411005288/en/

Investors & Reporters May Contact:

Joe Sorice

Manager, Investor Relations

(770) 418-8211

ir@asburyauto.com

Source: Asbury Automotive Group, Inc.

FAQ

When will Asbury Automotive Group release its Q1 financial results?

Asbury Automotive Group will release its Q1 financial results before the market opens on April 25, 2023.

What time is the conference call for Asbury Automotive's Q1 results?

The conference call will take place at 10:00 a.m. Eastern Time on April 25, 2023.

How can I access Asbury Automotive's Q1 earnings call?

The conference call can be accessed online through Asbury's investor relations website.

What is the focus of Asbury Automotive's strategic five-year plan?

The plan aims to increase revenue and profitability through organic and acquisitive growth.

How many dealerships does Asbury Automotive operate?

Asbury operates 139 new vehicle dealerships with 186 franchises.