Asbury automotive group reports record fourth quarter and record full year 2022 financial results

Duluth, ga.--( business wire )--asbury automotive group, inc. (nyse: abg) (the “company”), one of the largest automotive retail and service companies in the u.s., reported fourth quarter 2022 net income of $353 million ($15.95 per diluted share), an increase of 151% from $141 million ($6.44 per diluted share) in the prior year quarter. fourth quarter 2022 adjusted net income, a non-gaap measure, increased 24% year-over-year to $202 million ($9.12 per diluted share) compared to adjusted net income of $163 million ($7.46 per diluted share) in fourth quarter 2021.
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