Exhibit 99.1

Investors & Reporters May Contact:
Matt Pettoni
VP of Finance & Treasurer
(770) 418-8219

Record first quarter EPS of $2.11 per diluted share,
up 9% over prior year EPS

Record first quarter adjusted EPS of $2.20 per diluted share
(a non-GAAP measure), up 14% over prior year EPS

DULUTH, GA, April 23, 2019 - Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the first quarter 2019 of $40.9 million ($2.11 per diluted share) and adjusted net income (a non-GAAP measure) of $42.7 million ($2.20 per diluted share). This compares to net income of $40.1 million ($1.93 per diluted share) in the prior year quarter. Net income for the first quarter 2019 was adjusted for a fixed assets write-off of $2.4 million
pre-tax ($0.09 per diluted share). There were no non-core adjustments in the first quarter of 2018.
“In a lower SAAR environment, we grew revenue 4%, delivered 8% parts and service gross profit growth, improved our SG&A as a percentage of gross profit 100 basis points, and grew adjusted EPS 14%,” said David Hult, Asbury's President and Chief Executive Officer. “We also continued with our balanced approach to capital allocation, acquiring 4 dealerships, repurchasing $7 million of our common stock, and investing $9 million in our dealerships.”
First Quarter 2019 Operational Summary
Total company:
Total revenue increased 4%; gross profit increased 5%
Gross margin increased 20 basis points to 16.7%
SG&A as a percentage of gross profit decreased 100 basis points to 68.4%
Adjusted income from operations increased 10%
Adjusted operating margin increased 30 basis points to 4.8%
Adjusted EPS from continuing operations increased 14%
Same store:
Total revenue increased 1%; gross profit increased 2%
New vehicle revenue decreased 1%; gross profit decreased 5%
Used vehicle retail revenue increased 2%; gross profit decreased 1%


The following information was filed by Asbury Automotive Group Inc (ABG) on Tuesday, April 23, 2019 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Asbury Automotive Group Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Asbury Automotive Group Inc.


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


FREE Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue for FREE

Log in with your credentials


Forgot your details?

Create Account