Edition:
India

Asbury Automotive Group Inc (ABG.N)

ABG.N on New York Stock Exchange

90.44USD
13 Jul 2020
Change (% chg)

$-1.56 (-1.70%)
Prev Close
$92.00
Open
$92.40
Day's High
$95.79
Day's Low
$90.33
Volume
90,884
Avg. Vol
88,477
52-wk High
$123.34
52-wk Low
$39.38

Latest Key Developments (Source: Significant Developments)

Asbury Automotive Group Q1 Earnings Per Share $1.01
Tuesday, 5 May 2020 

May 5 (Reuters) - Asbury Automotive Group Inc ::Q1 EARNINGS PER SHARE $1.01.Q1 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.80.QTRLY TOTAL REVENUE $1.61 BILLION, DOWN 4%.Q1 EARNINGS PER SHARE VIEW $1.67, REVENUE VIEW $1.57 BILLION -- REFINITIV IBES DATA.MARCH RESULTS WERE SIGNIFICANTLY IMPACTED BY COVID-19 PANDEMIC.QTRLY SAME STORE TOTAL REVENUE DECREASED 6%.QTRLY SAME STORE NEW VEHICLE REVENUE DECREASED 7%.RIGHT-SIZED BUSINESS, REDUCED EXPENSES, DEFERRED MOST CAPITAL EXPENDITURES, FOCUSSED ON OMNI-CHANNEL SALES INITIATIVES.QTRLY SAME STORE USED VEHICLE RETAIL REVENUE DECREASED 5%.  Full Article

Asbury Automotive Group Announces 2020 First Quarter Financial Results
Tuesday, 5 May 2020 

Asbury Automotive Group Inc ::ASBURY AUTOMOTIVE GROUP ANNOUNCES 2020 FIRST QUARTER FINANCIAL RESULTS.ASBURY AUTOMOTIVE GROUP - Q1 EPS OF $1.01.ASBURY AUTOMOTIVE GROUP - Q1 ADJUSTED EPS OF $1.80.ASBURY AUTOMOTIVE GROUP INC - QTRLY TOTAL REVENUE $1,607.3 MILLION, DOWN 4%.ASBURY AUTOMOTIVE GROUP - TERMINATED AGREEMENT TO ACQUIRE 20 PARK PLACE LUXURY FRANCHISES.ASBURY AUTOMOTIVE GROUP - QTRLY SAME STORE TOTAL REVENUE DECREASED 6%.  Full Article

Asbury Automotive Borrowed Additional $237 Mln Under Revolving Credit Facility
Wednesday, 25 Mar 2020 

March 25 (Reuters) - Asbury Automotive Group Inc ::ASBURY AUTOMOTIVE GROUP INC - ON MARCH 18, 2020, CO BORROWED ADDITIONAL $237 MILLION UNDER REVOLVING CREDIT FACILITY.ASBURY AUTOMOTIVE GROUP INC - BORROWED ADDITIONAL $110 MILLION UNDER USED VEHICLE FLOOR PLAN FACILITY.ASBURY AUTOMOTIVE GROUP INC - HAVE NO REMAINING AVAILABILITY UNDER REVOLVING CREDIT FACILITY OR USED VEHICLE FLOOR PLAN FACILITY.  Full Article

Morgan Stanley Reports Passive Stake In Asbury Automotive Group
Friday, 14 Feb 2020 

Feb 13 (Reuters) - Asbury Automotive Group Inc ::MORGAN STANLEY REPORTS 2% PASSIVE STAKE IN ASBURY AUTOMOTIVE GROUP AS OF DEC 31, 2019 - SEC FILING.MORGAN STANLEY HAD PREVIOUSLY REPORTED PASSIVE STAKE OF 6.1% IN ASBURY AUTOMOTIVE GROUP AS OF DEC 31, 2018.  Full Article

Asbury Automotive Group Announces Pricing Of Its Private Offering Of Senior Notes Due 2028 And Senior Notes Due 2030
Thursday, 6 Feb 2020 

Feb 5 (Reuters) - Asbury Automotive Group Inc ::ASBURY AUTOMOTIVE GROUP ANNOUNCES PRICING OF ITS PRIVATE OFFERING OF SENIOR NOTES DUE 2028 AND SENIOR NOTES DUE 2030.ASBURY AUTOMOTIVE GROUP - PRICED PRIVATE PLACEMENT OF SENIOR UNSECURED NOTES, CONSISTING OF $525 MILLION OF 4.50% SENIOR NOTES DUE 2028.ASBURY AUTOMOTIVE GROUP - PRICED PRIVATE PLACEMENT OF SENIOR UNSECURED NOTES, CONSISTING OF $600 MILLION OF 4.75% SENIOR NOTES DUE 2030.  Full Article

Asbury Automotive Group Announces Private Offering Of Senior Notes Due 2028 And Senior Notes Due 2030
Monday, 3 Feb 2020 

Feb 3 (Reuters) - Asbury Automotive Group Inc ::ASBURY AUTOMOTIVE GROUP ANNOUNCES PRIVATE OFFERING OF SENIOR NOTES DUE 2028 AND SENIOR NOTES DUE 2030.ASBURY AUTOMOTIVE GROUP - INTENDS TO OFFER UP TO $1.13 BILLION OF SENIOR NOTES, WHICH WILL CONSIST OF SENIOR NOTES DUE 2028 & SENIOR NOTES DUE 2030.  Full Article

Asbury Automotive Group - Obtained Amendment To Third Amended And Restated Credit Agreement Dated Sept 26, 2019
Monday, 3 Feb 2020 

Feb 3 (Reuters) - Asbury Automotive Group Inc ::ASBURY AUTOMOTIVE GROUP - ON JAN 31, OBTAINED AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT DATED, AS OF SEPTEMBER 26, 2019.ASBURY AUTOMOTIVE GROUP INC - AMENDMENT INCREASES AGGREGATE COMMITMENTS UNDER REVOLVING CREDIT FACILITY TO $350 MILLION.ASBURY AUTOMOTIVE GROUP - AMENDMENT PROVIDES FOR INCREASE IN AGGREGATE COMMITMENTS UNDER NEW VEHICLE REVOLVING FLOORPLAN FACILITY TO $1.35 BILLION.ASBURY AUTOMOTIVE GROUP INC - AMENDMENT INCREASES AGGREGATE COMMITMENTS UNDER USED VEHICLE REVOLVING FLOORPLAN FACILITY TO $200 MILLION.  Full Article

Asbury Automotive Group Posts Q4 EPS OF $2.26
Monday, 3 Feb 2020 

Feb 3 (Reuters) - Asbury Automotive Group Inc ::ASBURY AUTOMOTIVE GROUP ANNOUNCES 2019 FOURTH QUARTER AND FULL-YEAR FINANCIAL RESULTS.Q4 EPS OF $2.26 PER DILUTED SHARE.Q4 ADJUSTED EPS OF $2.53 PER DILUTED SHARE.QTRLY SAME STORE TOTAL REVENUE INCREASED 2%.QTRLY TOTAL REVENUE $1.89 BILLION VERSUS $1.78 BILLION.Q4 EARNINGS PER SHARE VIEW $2.34, REVENUE VIEW $1.88 BILLION -- REFINITIV IBES DATA.  Full Article

Asbury Automotive Group Acquires Park Place Dealerships
Thursday, 12 Dec 2019 

Dec 12 (Reuters) - Asbury Automotive Group Inc ::ASBURY AUTOMOTIVE GROUP ANNOUNCES THE ACQUISITION OF PARK PLACE DEALERSHIPS.ASBURY AUTOMOTIVE GROUP INC - DEAL FOR $1 BILLION.ASBURY AUTOMOTIVE GROUP INC - DEAL EXPECTED TO BE ACCRETIVE TO 2020 EARNINGS, EXCLUDING IMPACT OF TRANSACTION COSTS.ASBURY AUTOMOTIVE GROUP INC - DEAL AN ALL-CASH TRANSACTION, EXCLUDING VEHICLE INVENTORY..ASBURY AUTOMOTIVE GROUP INC - ACQUISITION WILL ADD APPROXIMATELY $2 BILLION IN EXPECTED ANNUALIZED REVENUES.ASBURY AUTOMOTIVE - DEAL PURCHASE PRICE INCLUDES $785 MILLION OF GOODWILL, ABOUT $215 MILLION FOR REAL ESTATE & LEASEHOLD IMPROVEMENTS.ASBURY AUTOMOTIVE GROUP INC - EXPECT TO ACHIEVE SIGNIFICANT SYNERGIES OVER NEXT THREE YEARS THROUGH COMBINING PARK PLACE WITH ASBURY.ASBURY AUTOMOTIVE - DEAL TO BE FUNDED THROUGH CO'S EXISTING CREDIT FACILITIES, CASH FLOW FROM OPERATIONS, COMMITTED FINANCING ARRANGEMENTS.  Full Article

AMC Entertainment Selects Sean Goodman As Its New CFO
Saturday, 12 Oct 2019 

Oct 11 (Reuters) - AMC Entertainment Holdings Inc::AMC ENTERTAINMENT SELECTS SEAN GOODMAN AS ITS NEW CFO.AMC ENTERTAINMENT HOLDINGS INC - ON OCT 11, CO ANNOUNCED RETIREMENT OF CFO CRAIG RAMSEY, EFFECTIVE FEBRUARY 28, 2020.AMC ENTERTAINMENT HOLDINGS - GOODMAN HAS SERVED SINCE JULY 2017 AS SENIOR VICE PRESIDENT AND CFO OF ASBURY AUTOMOTIVE GROUP.AMC ENTERTAINMENT HOLDINGS - GOODMAN JOINS CO FROM ASBURY AUTOMOTIVE GROUP .AMC ENTERTAINMENT HOLDINGS - SEAN GOODMAN WILL TRANSITION TO THE POSITION OF CFO EFFECTIVE FEB. 28, 2020.  Full Article