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Asbury Automotive Group

Headquarters: 622 Third Avenue, 37th Floor
New York, NY 10017
Phone: (212) 885-2500
Employees: 8,700
CEO: Kenneth Gilman
Stock Symbol: ABG

Website: http://www.asburyauto.com

Asbury Automotive Group is one of the largest automobile retailers in the U.S. Built through a combination of organic growth and a series of strategic acquisitions, Asbury currently operates 89 retail auto stores, encompassing 124 franchises for the sale and servicing of 33 different brands of American, European and Asian automobiles.

The company offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts.

In 2005, Asbury reported revenues of $5.5 billion and net income of $61 million. The company sold 101,179 new cars in 2005 which made up $3.3 billion of annual revenue and used car sales generated $1.3 billion with 58,397 sold. The company generated a gross profit of $2,213 for each new car sold and $1,984 for used cars.

Asbury's main dealership partners are located in California, Oregon, Florida, North Carolina, Texas, Mississippi, Arkansas and Georgia.

The company was founded in 1995 and became publicly traded in 2002.

Updated March 16, 2006

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