Asbury automotive group reports third quarter 2023 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 third quarter 2023 net income of $169 million ($8.19 per diluted share), a decrease of 17% from $205 million ($9.23 per diluted share) in third quarter 2022. third quarter 2023 adjusted net income, a non-gaap measure, decreased 18% year-over-year to $168 million ($8.12 per diluted share) compared to adjusted net income of $205.
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