Saturday, August 10, 2013

ABG Asbury Automotive Group Inc


ABG    Asbury Automotive Group Inc
We are one of the largest automotive retailers in the United States, operating  124 franchises at 93 dealership locations as of December 31, 2007. We offer our  customers an extensive range of automotive products and services, including:  ? new and used vehicles;  ? vehicle maintenance and repair services;  ? replacement parts;  ? arranging new and used vehicle financing; and  ? arranging the sale of warranty, insurance and extended service contracts.  For the year ended December 31, 2007, our revenues were $5.7 billion and our net  income was $51.0 million. Our income from continuing operations and net income  during 2007 was impacted by several items (the ?Adjusting items?) as detailed in  the ?Reconciliation of Non-GAAP Financial Information? section of Management?s  Discussion and Analysis of Financial Condition and Results of Operations.  ... Asbury Automotive Group, Inc. (Asbury) is an automotive retailers in the United States. As of December 31, 2011, the Company operated 99 franchises (79 dealership locations). It offers a range of automotive products and services, including new and used vehicles; vehicle maintenance; replacement parts and collision repair services; new and used vehicle financing, and aftermarket products, such as insurance, warranty and service contracts. As of December 31, 2011, it offered 30 domestic and foreign brands of new vehicles. Its brand mix is weighted 84% towards luxury and mid-line import brands, with the remaining 16% consisting of domestic brands. During the year ended December 31, 2011, the Company sold its heavy truck business in Atlanta, Georgia, two franchises and one additional ancillary business. On May 2, 2011, the Company sold its luxury brand dealership in California. In December 2012, the Company acquired a Volkswagen and a Bentley store in the Atlanta, Georgia market.

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