Asbury Automotive Group Inc. (ABG) has released its annual 10-K report, highlighting significant financial growth, strategic acquisitions, and operational milestones for the past fiscal year. The report details a 5% increase in total revenue to $18 billion and a 14% rise in net income to $492 million, driven by strategic acquisitions like Herb Chambers. ABG also outlines future plans for integrating service offerings, investing in technology, and managing capital while acknowledging various operational, market, regulatory, and financial risks.
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ASBURY AUTOMOTIVE GROUP INC SEC 10-K Report
Asbury Automotive Group Inc. (ABG) has released its annual 10-K report, highlighting significant financial growth, strategic acquisitions, and operational milestones for the past fiscal year. The report details a 5% increase in total revenue to $18 billion and a 14% rise in net income to $492 million, driven by strategic acquisitions like Herb Chambers. ABG also outlines future plans for integrating service offerings, investing in technology, and managing capital while acknowledging various operational, market, regulatory, and financial risks.