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Auto Dealer Asbury Automotive Group Increases Stock Repurchase Authorization to $400 Million

DULUTH, Ga. Asbury Automotive Group, Inc. (the “Company”), one of the largest automotive retail and service companies in the U.S., today announced its board of directors approved an increase in the authorization of the share repurchase plan for the Company, which expands the remaining availability to $400 million. “This expansion of our previous authorization reflects the commitment to our disciplined capital allocation approach,” said David Hult, Asbury’s President and Chief Executive Officer.

David hultAsbury automotive group incAsbury automotive groupChief executive

Asbury Automotive Group Board Increases Stock Repurchase Authorization to $400 Million

Asbury Automotive Group Board Increases Stock Repurchase Authorization to $400 Million
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Asbury pivots its used-car strategy to put more emphasis on vehicle volume

Asbury pivots its used-car strategy to put more emphasis on vehicle volume
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David hultAsbury automotive group

Prices For Used Cars Are Down For Now, But Nearly-New Ones Still Rare

Used-car prices currently are trending down from recent highs.

David hultTom kontosAsbury automotive groupAdesa us analytical services

Asbury Automotive Group Reports Record $4 2 Billion in Revenue

Operating margin of 6.3% EPS of $7.21 per diluted share Parts and service revenue growth of 15%; parts and service gross profit growth of 18% Repurchased approximately 240,000 shares for.

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