Asbury Automotive Group Inc (ABG) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

Asbury Automotive Group Inc

CIK: 1144980 Ticker: ABG

Exhibit 99.1

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Fourth quarter adjusted EPS from continuing operations of $0.54 per diluted share, up 46% over prior period quarter

Full year 2011 adjusted EPS from continuing operations of $1.82 per diluted share, up
29% over prior year

Duluth, GA, February 14, 2012 - Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today reported adjusted income from continuing operations for the fourth quarter 2011 of $17.0 million, or $0.54 per diluted share, versus adjusted income from continuing operations in the fourth quarter 2010 of $12.2 million, or $0.37 per diluted share, a 46% increase per diluted share. Net income for the fourth quarter 2011 was $21.5 million, or $0.68 per diluted share, compared to $5.4 million, or $0.16 per diluted share in the prior year period. See attached reconciliation of reported amounts to adjusted amounts.
Fourth Quarter 2011 Highlights (compared to the prior year period):
Total revenues increased 8% to $1.1 billion
New vehicle retail revenues increased 6%, including 4% from same store revenues
Used vehicle retail revenues up 21%, including 18% from same store revenues
Finance and insurance revenues up 24%
Total gross profit up 8% with increases in all business lines
SG&A expense as a percent of gross profit improved 200 basis points to 74.7%


The following information was filed by Asbury Automotive Group Inc (ABG) on Tuesday, February 14, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Definitive Proxy Statement (Form DEF 14A)
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Asbury Automotive Group Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2012 10-K Annual Report includes:

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  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors


Ticker: ABG
CIK: 1144980
Form Type: 10-K Annual Report
Accession Number: 0001144980-12-000031
Submitted to the SEC: Wed Feb 22 2012 5:24:39 PM EST
Accepted by the SEC: Wed Feb 22 2012
Period: Saturday, December 31, 2011
Industry: Retail Auto Dealers And Gasoline Stations

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