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Dec 31, 2022
Asbury Q4 2022 Earnings Report
Asbury's financial performance in Q4 2022 showed significant growth, driven by strategic acquisitions and successful initiatives.
Key Takeaways
Asbury Automotive Group reported record fourth-quarter and full-year 2022 financial results. Net income increased by 151% in the fourth quarter, and revenue grew by 40% to $3.7 billion. The company's strategic initiatives, including dealership acquisitions and the Clicklane platform, contributed to the strong performance.
Net income increased by 151% to $353 million in Q4 2022.
Revenue grew by 40% to $3.7 billion in Q4 2022.
Adjusted EPS increased by 22% to $9.12.
Clicklane sales reached an all-time record of over 8,400 vehicles in Q4 2022.
Asbury
Asbury
Asbury Revenue by Segment
Revenue by Segment
New Vehicle Revenue
CapyFin.comUsed Vehicle Revenue
CapyFin.comParts & Service Revenue
CapyFin.comF&I Net Revenue
CapyFin.com Forward Guidance
Asbury believes they are well-positioned going into 2023 to achieve their strategic goals.
Revenue & Expenses
Visualization of income flow from segment revenue to net income