Asbury Automotive Files 8-K on Operations & Financial Condition
Ticker: ABG · Form: 8-K · Filed: Feb 8, 2024 · CIK: 1144980
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, 8-K
TL;DR
**Asbury Automotive just dropped an 8-K on its financials, get ready for potential stock movement.**
AI Summary
Asbury Automotive Group, Inc. filed an 8-K on February 8, 2024, to report on its results of operations and financial condition. This filing, under Commission File Number 001-31262, indicates that the company is providing an update on its financial performance. For investors, this matters because it offers a timely glimpse into the company's health, potentially influencing stock price based on whether the results meet or miss expectations.
Why It Matters
This filing provides investors with crucial, up-to-date information about Asbury Automotive Group's financial performance, which can directly impact their investment decisions and the stock's valuation.
Risk Assessment
Risk Level: medium — The risk is medium because the filing itself doesn't contain specific financial results, but rather signals that such information is being disclosed, which could be positive or negative.
Analyst Insight
A smart investor would await the full financial statements and results of operations to be released, as indicated by this 8-K, before making any significant investment decisions regarding Asbury Automotive Group, Inc. (ABG).
Key Numbers
- 001-31262 — Commission File Number (identifies the company's registration with the SEC)
- 2024-02-08 — Date of Report (indicates the earliest event reported in the filing)
- 770-418-8200 — Business Phone Number (contact information for the registrant)
- 01-0609375 — IRS Employer Identification No. (tax identification number for the registrant)
Key Players & Entities
- Asbury Automotive Group, Inc. (company) — the registrant filing the 8-K
- February 8, 2024 (date) — date of earliest event reported and filing date
- 001-31262 (dollar_amount) — Commission File Number
- Delaware (company) — state of incorporation for Asbury Automotive Group, Inc.
- ABG (company) — trading symbol for Asbury Automotive Group, Inc. common stock
Forward-Looking Statements
- Asbury Automotive Group's stock (ABG) will experience increased volatility following the full disclosure of the financial results mentioned in this 8-K. (ABG) — medium confidence, target: 2024-02-15
- Analysts will update their price targets for ABG based on the detailed financial information provided in the full report. (ABG) — high confidence, target: 2024-03-01
FAQ
What is the primary purpose of Asbury Automotive Group, Inc.'s 8-K filing on February 8, 2024?
The primary purpose of Asbury Automotive Group, Inc.'s 8-K filing on February 8, 2024, is to report on its 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as per Item Information.
What is the trading symbol for Asbury Automotive Group, Inc. common stock, and on which exchange is it registered?
The trading symbol for Asbury Automotive Group, Inc. common stock is ABG, and it is registered on the New York Stock Exchange.
What is the address of Asbury Automotive Group, Inc.'s principal executive offices?
The address of Asbury Automotive Group, Inc.'s principal executive offices is 2905 Premiere Parkway NW, Suite 300, Duluth, GA, 30097.
What is the state of incorporation for Asbury Automotive Group, Inc.?
Asbury Automotive Group, Inc. is incorporated in Delaware.
What is the Commission File Number for Asbury Automotive Group, Inc.?
The Commission File Number for Asbury Automotive Group, Inc. is 001-31262.
Filing Stats: 538 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-02-08 07:06:23
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value per share ABG New York Stock
Filing Documents
- abg-20240208.htm (8-K) — 34KB
- a2023q4ex991.htm (EX-99.1) — 840KB
- abg-clicklanexpoweredby.jpg (GRAPHIC) — 33KB
- 0001144980-24-000014.txt ( ) — 1083KB
- abg-20240208.xsd (EX-101.SCH) — 2KB
- abg-20240208_lab.xml (EX-101.LAB) — 24KB
- abg-20240208_pre.xml (EX-101.PRE) — 12KB
- abg-20240208_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. Asbury Automotive Group, Inc. (the " Company ") issued an earnings release on February 8, 2024, announcing its financial results for the three months and year ended December 31, 2023. A copy of the earnings release is furnished as Exhibit 99.1 to this Current Report. The information furnished in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibits are furnished as part of this report. Exhibit No. Description 99.1 Press Release dated February 8, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ASBURY AUTOMOTIVE GROUP, INC. Date: February 8, 2024 By: /s/ Michael D. Welch Name: Michael D. Welch Title: Senior Vice President and Chief Financial Officer