Record Revenue Achievement
Asbury Automotive Group generated a record $4.8 billion in revenue for the third quarter.
Strong Gross Profit and Margins
The company reported a gross profit of $803 million and a gross profit margin of 16.7%.
Successful Acquisition Integration
The acquisition of the Chambers Group positively impacted operating metrics and contributed to the company's performance.
Increasing New Vehicle Sales
Same-store revenue for new vehicles was up 8% year-over-year, with units up 7% driven by elevated EV demand.
Consistent Parts and Service Growth
Parts and service business delivered a same-store gross profit increase of 7% and a customer pay segment increase of 8%.
Strong Cash Flow Generation
Adjusted operating cash flow increased by 11% year-to-date over the comparable period last year.