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Report: While profit margins fall, dealership acquisitions continue to rise | Auto Remarketing

Report: While profit margins fall, dealership acquisitions continue to rise | Auto Remarketing
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Asbury Automotive Group Reports Fourth Quarter Financial Results

Revenue of $3.8 billion

Completed acquisition of Jim Koons Automotive Companies, the ninth-largest privately-owned dealership group in the U.S., with over $3 billion in annual revenue

Gross...

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News Briefs: January 25-31, 2024 - Falls Church News-Press Online

Finarelli Announces Plans To Leave F.C. PIO Post Susan Finarelli, for 13 years the chief public information officer for the City of Falls Church, announced ...

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12 Most Promising Car Stocks According to Analysts

In this article, we discuss the 12 most promising car stocks according to analysts.

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Jim Koons deal brings Asbury closer to 2025 revenue goal

Jim Koons deal brings Asbury closer to 2025 revenue goal
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Asbury Automotive Group Completes Acquisition of Jim Ko...

Asbury Automotive Group Completes Acquisition of Jim Ko...
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Asbury Automotive Group Completes Acquisition of Jim Koons Automotive Companies

DULUTH, Ga.--(BUSINESS WIRE)--Dec 11, 2023--

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Asbury Automotive Group Completes Acquisition of Jim Koons Automotive Companies

Asbury Automotive Group Completes Acquisition of Jim Koons Automotive Companies
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Asbury Automotive Group Reports Third Quarter 2023 Financial Results

Revenue of $3.7 billion

Gross profit of $674 million

SG&A as a percentage of gross profit of 58.2%; adjusted SG&A as a percentage of gross profit, a non-GAAP measure, of 58.4%

Operating...

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Asbury Automotive Group Agrees to Acquire Jim Koons Automotive Companies in the Largest Auto Retail Acquisition Since 2021

Sale of ninth largest private dealership group in the US includes 29 franchises, six collision centers, 20 dealerships in Virginia, Maryland and Delaware and on

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