July 14, 2024


Learn new things

Asbury Automotive Team Reschedules Get in touch with to Unveil the Initial Ever Close-to-Conclude Automobile-Getting Option

DULUTH, Ga., Nov. 16, 2020 /PRNewswire/ — Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Corporation”), a single of the major automotive retail and provider companies in the U.S., declared today that it will reschedule its simply call to announce the first-at any time close-to-end car obtaining remedy.  “We are more fired up than at any time about our marketplace-foremost vehicle buying option, having said that, we are doing work by specified aspects pertaining to our mental residence legal rights,” stated CEO & President David Hult. Asbury will announce the new date and time of the connect with inside the subsequent two weeks.

About Asbury Automotive Team, Inc.
Asbury Automotive Group, Inc. (“Asbury”), a Fortune 500 organization headquartered in Duluth, GA, is a single of the greatest automotive vendors in the U.S.  Asbury at this time operates 90 dealerships, consisting of 113 franchises, symbolizing 31 domestic and foreign brand names of automobiles.  Asbury also operates 25 collision fix centers.  Asbury presents buyers an intensive array of automotive merchandise and companies, together with new and utilized car income and connected financing and insurance coverage, automobile upkeep and maintenance companies, replacement pieces and services contracts.

Ahead-Seeking Statements
This press launch includes “ahead-seeking statements” in just the which means of the Non-public Securities Litigation Reform Act of 1995. Forward-hunting statements are statements other than historical fact, and may perhaps include statements relating to ambitions, ideas, expectations and projections concerning the predicted added benefits of our finish-to-close car or truck-getting answer, management’s programs, projections and goals for foreseeable future functions, scale and performance, integration plans and expected synergies from acquisitions, our money place, outcomes of functions, market placement, cash allocation strategy, organization technique and anticipations of our management with respect to, between other items: modifications in general economic and small business conditions, including the affect of COVID-19 on the automotive business in normal, the automotive retail market in specific and our customers, suppliers, vendors and business enterprise associates our interactions with auto manufacturers our capability to enhance our margins operating funds flows and availability of funds cash expenditures the quantity of our indebtedness the completion of any pending and future acquisitions and divestitures long term return targets long run annual personal savings normal economic traits, which include customer self-assurance degrees, desire premiums, and fuel costs and automotive retail marketplace trends. The subsequent are some but not all of the elements that could induce precise success or gatherings to vary materially from people anticipated, which include: the influence of the COVID-19 pandemic, marketplace things, Asbury’s relationships with, and the money and operational security of, auto brands and other suppliers, acts of God or other incidents which may well adversely affect source from vehicle manufacturers and/or existing retail sales troubles, hazards linked with Asbury’s indebtedness (which includes out there borrowing potential, compliance with its money covenants and capability to refinance or repay these types of indebtedness, on favorable phrases), Asbury’s interactions with, and the monetary security of, its lenders and lessors, pitfalls associated to level of competition in the automotive retail and assistance industries, normal economic ailments both equally nationally and locally, governmental rules, legislation, adverse results in litigation and other proceedings, and Asbury’s potential to execute its engineering initiatives and other operational approaches, Asbury’s means to leverage gains from its dealership portfolio, like its capacity to comprehend the expected positive aspects of the acquisition of the Park Place dealership team, Asbury’s potential to capitalize on opportunities to repurchase its debt and fairness securities or obtain houses that it presently leases, and Asbury’s skill to continue to be within just its focused array for money expenditures. There can be no assures that Asbury’s strategies for potential operations will be effectively implemented or that they will confirm to be commercially prosperous. These challenges, uncertainties and other aspects are disclosed in Asbury’s Yearly Report on Form 10-K, subsequent quarterly reviews on Variety 10-Q and other periodic and present-day studies filed with the Securities and Exchange Commission from time to time.  These ahead-seeking statements and such challenges, uncertainties and other variables discuss only as of the date of this push launch. We expressly disclaim any obligation or enterprise to disseminate any updates or revisions to any forward-searching statement contained herein, whether or not as a result of new information and facts, potential situations or in any other case.

Resource Asbury Automotive Team, Inc.

Relevant Hyperlinks