Asbury automotive group reports fourth quarter 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 2023 net income of $56 million ($2.70 per diluted share), a decrease of 89% from $353 million ($15.95 per diluted share) in fourth quarter 2022. fourth quarter 2023 results include non-cash asset impairments of $117.2 million or $4.29 per diluted share. fourth quarter 2022 results include gains on dealership dive.
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