Asbury Automotive Group reported first quarter 2025 net income of $132 million, or $6.71 per diluted share, a 10% decrease from $147 million, or $7.21 per diluted share, in Q1 2024. Adjusted net income was $134 million, or $6.82 per diluted share, a 9% decrease from the prior year.
Total revenue for the quarter was $4.148.5 billion, a 1% decrease from $4.201.2 billion in Q1 2024. The company completed two divestitures during the first quarter of 2025, contributing an estimated annualized revenue of $79 million, following six divestitures in 2024 that contributed $225 million in annualized revenue.
As of March 31, 2025, Asbury had $964 million in liquidity, including $204 million in cash and floorplan offset accounts, and $760 million in availability under its credit facilities. The transaction-adjusted net leverage ratio stood at 2.75x at quarter-end.
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