Asbury Automotive Group Incorporated
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Asbury Automotive Group Announces New Debt Facilities (PR Newswire)
biz.yahoo.com | Oct 30, 2008
Asbury Automotive Group Announces New Debt Facilities. - Coupled with transactions announced last month, new debt strategy fully in place
Microsoft beats Street but cuts outlook
money.cnn.com | Oct 23, 2008
Microsoft announced Thursday that revenue and profits rose in its fiscal first quarter thanks to strong sales in its server and business software segments.
http://money.cnn.com/2008/10/23/technology/microsoft_earnings/index.htm
Asbury Automotive Group Schedules Release of Third Quarter Financial Results and Conference Call
www.prnewswire.com
NEW YORK, Oct. 21 /PRNewswire-FirstCall/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today announced that it will release its third quarter financial results before the market opens on October 30, 2008. Charles R.
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/10-21-2008/0004908552&EDATE=
Reports: Google crawler, clicks may have pushed 2002 UAL bankruptcy story to top read (at bizjournals.com)
atlanta.bizjournals.com | Sep 10, 2008
Reports: Google crawler, clicks may have pushed 2002 UAL bankruptcy story to top read
http://atlanta.bizjournals.com/atlanta/stories/2008/09/08/daily52.html?ana=yfcpc
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ABG: Q3 Earnings Call @ 10:00 ET Today [delayed] - Zibb.com
www.zibb.com
Asbury Automotive Group, Incorporated (NYSE : ABG) will host a conference call to discuss its Q3 2008 financial results.Call Details When : Thursday, October 30, 2008 Webcast : Click Here to Listen Phone # : 866-454-4208 Intl # : 913-312-0946 Passcode : 3769146 Replay Information Phone # :
http://www.zibb.com/article/4272591/ABG+Q+Earnings+Call+ET+Today+delayed
Airgas.com - Gas, Welding, Safety Supply
Peter McCausland is Chairman and Chief Executive Officer of Airgas, Inc., (NYSE: ARG), the largest distributor of industrial, medical and specialty gases and welding equipment and one of the largest distributors of safety supplies in the United States. Mr.
http://investor.shareholder.com/arg/management.cfm?BioID=18759
A director of auto dealer group Asbury Automotive Group, Inc. sold 79,654 shares of common stock...
A director of auto dealer group Asbury Automotive Group, Inc. sold 79,654 shares of common stock under a prearranged trading plan, according to Securities and Exchange Commission filings on Monday. In Form 4s filed with the SEC, Jeff I. Wooley reported he sold the shares Jan. 4 and Jan.
Asbury Automotive Group
LASER BUDDY'S BUSINESS WIRE COMPANY HEADLINES Asbury Automotive Group in the News The latest information and news headlines about Asbury Automotive Group, updated daily from the Laser Buddy Business Wire sources. COMPANY HEADLINES LASER BUDDY'S BUSINESS WIRE Save up to 80% A Service of Buddy
News from Zibb.com
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Asbury Automotive Group Q3 net income down - Zibb.com
Oct 31, 2008 (Datamonitor via COMTEX) --
Asbury Automotive Group has reported a net income of $6 million, or $0.19 per diluted share, for the third quarter of 2008, compared to $19 million, or $0.57 per diluted share, in the same quarter of 2007.
For the third quarter of 2008, total revenues were $1.22 billion, compared to $1.47 million in the prior-year period.
For the first nine months of 2008, net income was $27.4 million, or $0.85 per diluted share, compared with $40 million, or $1.19 per diluted share, in the same period of 2007. Total revenues were $3.82 billion, compared to $4.35 billion in the same period of 2007.
Charles Oglesby, president and CEO, said: "The headwinds facing Asbury and the auto retailing industry intensified during the third quarter, as consumer confidence sagged under the weight of further declines in the housing and equity markets. In addition, due to the unprecedented turmoil in the credit markets, many lenders - both captives and independents - significantly tightened their standards for automotive financing."
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Tags: automotive ceo consumer confidence equity president standards
Companies: Asbury Automotive Group Inc (ABG)
David McDavid Automotive Affirms Ample Financing Availability - Zibb.com
DALLAS, Nov 03, 2008 /PRNewswire via COMTEX/ --
David McDavid Automotive, a subsidiary of Asbury Automotive Group, Inc., today announced that despite the current instability in the global capital and credit markets, there are still many available options for customers to receive financing for vehicle purchases and leases at McDavid's dealerships.
"David McDavid Automotive is committed to providing qualifying customers with a wide variety of financing options, just as we provide a broad range of new and used vehicles to fit almost any budget," said Tom McCollum, CEO at David McDavid. "We continue to offer our customers one of the most extensive selections of auto loan and lease options in the marketplace, thanks to our strong relationships with multiple third-party lenders, in addition to the manufacturers' finance affiliates." McDavid has "preferred" partnerships with a variety of independent financing providers, including Wells Fargo, Fifth Thirds Bank, Bank of America, America Credit, Chase Auto Finance, Compass Bank and several Credit Union lenders, among others. Mr. McCollum added, "We have outstanding teams working to help arrange financing for customers at each of our locations, and are still able to meet the needs of consumers with a wide variety of credit profiles. In fact, we believe our ability to finance qualifying customers has not changed materially in the current challenging economic environment."
About David McDavid Automotive
David McDavid Automotive is a subsidiary of Asbury Automotive Group, Inc. ("Asbury"), one of the largest automobile retailers. Asbury currently operates 89 retail auto stores, encompassing 121 franchises for the sale and servicing of 36 different brands of American, European and Asian automobiles. Asbury 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.
If you would like more information about this topic, or to schedule an interview with Tom McCollum, please call Traci Hargis at (214) 403-7512.
Contact:
Traci Hargis
David McDavid Automotive
Tel: (214) 403-7512
Email: thargis@mcdavid.com
Web: http://www.mcdavid.com
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com.
SOURCE David McDavid Automotive
http://www.mcdavid.com
Tags: automobile automotive bank budget ceo email finance franchises insurance products retail sales schedule web
Companies: Asbury Automotive Group Inc (ABG), Wells Fargo & Co. (WFC)
Asbury Automotive Group Announces New Debt Facilities - Zibb.com
NEW YORK, Oct 30, 2008 /PRNewswire-FirstCall via COMTEX/ --
Coupled with transactions announced last month, new debt strategy fully in place
Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., today announced that it has closed on two new debt facilities totaling over $100 million:
-- A $75 million used vehicle borrowing facility. Led by JPMorgan Chase
Bank, the facility has a four year tenor. Bank of America, N.A. is also
participating.
-- A $29 million new vehicle wholesale floor plan line funded solely by
Bank of America, N.A.
"These transactions represent the final components of our overall financing strategy," said Charles R. Oglesby, President and CEO. "Together with the $200 million revolver and $600 million new vehicle floor plan facilities announced last month, they provide expanded liquidity and flexibility to help Asbury weather this difficult environment and position us to take advantage of growth opportunities as the economy improves. We are also pleased to further broaden our relationships with Bank of America and JPMorgan Chase, both of which have demonstrated their stability and leadership during these turbulent times."
About Asbury Automotive Group
Asbury Automotive Group, Inc. ("Asbury"), headquartered in New York City, 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 122 franchises for the sale and servicing of 36 different brands of American, European and Asian automobiles. Asbury 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.
Forward-Looking Statements
This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements include statements relating to our goals, plans, expectations, and strategies. These statements are based on management's current expectations and involve significant risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, the ability of Asbury's debt facilities to provide Asbury with sufficient liquidity, Asbury's ability to meet its debt obligations, and Asbury's ability to execute its long-term growth strategies. These and other risk factors are discussed in Asbury's annual report on Form 10-K and in its other filings with the Securities and Exchange Commission. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE Asbury Automotive Group, Inc.
http://www.asburyauto.com
Tags: acquisition annual report automobile automotive bank ceo debt environment franchises insurance new_york nyse president products retail sales securities weather wholesale
Companies: Asbury Automotive Group Inc (ABG)
Form 4 Oracle: Boston, MA -- Form4Oracle: Insider Trading Report: Asbury Automotive Group Inc (ABG)
Nov 07, 2008 (M2 PRESSWIRE via COMTEX) --
Several insiders at Asbury Automotive Group Inc (ABG) have reported buying more than $546.82K today as the stock was trading at less than 50 percent of its 52-week high. Notable purchases include:
- Monaghan Craig T, SVP & CFO: reported buying $457.62K
- Deloach Thomas C Jr, Director: reported buying $89.20K
For a current, real-time summary of ABG insider activity, visit http://www.form4oracle.com/company?cik=0001144980&ticker=ABG
About Form4Oracle
Form4Oracle, LLC specializes in distributing insider trading information published by the SEC, making it accessible and actionable for all types of investors. To learn more about how tracking insider trading activity can improve your investment returns, visit http://www.form4oracle.com.
About Asbury Automotive Group Inc
Asbury Automotive Group, Inc. operates as an automotive retailer in the United States. It offers various automotive products and services, including new and used vehicles and related financing, vehicle maintenance and repair services, replacement parts, and warranty, insurance, and extended service contracts. The company?s new vehicle sales comprise the sale of new vehicles to individual retail customers and commercial customers. Its used vehicle sales include the sale of used vehicles to individual retail customers and other dealers at auction. It arranges for the financing of the sale or lease of new and used vehicles to customers through third party vendors. As of December 31, 2007, the company operated 124 franchises at 93 dealership locations and 24 collision repair centers. Asbury Automotive Group was founded in 1995 and is headquartered in New York, New York.
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The companies referenced in this report have not approved the statements made in this report. This report contains statements that imply risks and uncertainties. This material is for informational reporting purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Form4Oracle is not a licensed broker, broker dealer, market maker, investment banker, investment adviser, analyst or underwriter and is not compensated in this regard.
Please consult your broker to understand investing benefits and risks and prior to purchasing any securities mentioned herein.
CONTACT: Kimberly Sutton, on behalf of Form4Oracle Tel: +1 312 315 5077 e-mail: kimberly@form4oracle.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
Tags: automotive broker commercial dealer e-mail franchises insider trading insurance investment market new_york products retail sales securities web
Companies: Asbury Automotive Group Inc (ABG)
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