Asbury Automotive reports Q4 adjusted EPS $6.67, consensus $6.66

Reports Q4 revenue $4.68B, consensus $4.9B. “Our fourth quarter results wrapped up a productive year for Asbury,” said David Hult, Asbury’s president and CEO. “This year, we acquired $2.9 billion in annualized revenue, repurchased $100 million in shares and continued our transition to Tekion. We invested in our stores by deploying $186 million in capital expenditures and ended the year ahead of our leverage forecast, showing our discipline in running the business today with an eye towards our sustainable growth trajectory.”