The Industry Standard: Intelligence for the Information Economy

  September 5, 2001
  NEWS & ANALYSIS
   Headlines
   Money & Markets
   Tech & Telecom
   Media & Marketing
   Metrics & Stats
   Policy & Politics
  SEARCH
   
  advanced search
  SERVICES
   Company Index
   Newsletters
   Wireless
  PRINT EDITION
   Read the Magazine

Home > Company Index > Specialty Retail > Auto Dealers & Distributors > Asbury Automotive Group, Inc.

Asbury Automotive Group, Inc.
 NEWS FROM THE STANDARD
Amazon to Put New-Car Service Into Gear
Aug 23 2000 12:37 PM PDT

 PROFILE
Asbury Automotive Group, the largest privately-owned dealership group in the US, is about to go public. The company, which has grown through acquisitions, sells about 30 auto brands through nine major dealership groups (about 90 locations) in Arkansas, Florida, Georgia, Mississippi, Missouri, North Carolina, Oregon, Texas, and Virginia. Asbury Automotive sells more than 150,000 new and used cars annually. The company's strategy is to buy majority interests in multi-location dealerships with at least $150 million in annual sales, transforming each into a joint venture. Investment firms Ripplewood Holdings and Freeman Spogli & Co. own Asbury Automotive. The company announced plans to go public in July 2001.

 COMPETITION
AutoNation, Inc. (AN)
Hendrick Automotive Group (dossier)
VT Inc. (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 4,589.20
1-Yr. Sales Growth: 14.7%
Employees: 7,030
Revenue per employee: $652,802.28

 KEY PEOPLE
• Brian E. Kendrick
    CEO
• Thomas F. Gilman
    CFO

 CONTACT INFO
3 Landmark Sq., Ste. 500
Stamford, CT 06901
US
Phone: 203-356-4400
Fax: 203-356-4450
Online: Web Site

Company Data   News, quotes & more       

Hoovers Online   Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.


ADVERTISEMENT
FEATURED LINKS
Home |  Customer Service |  About Us
Australia |  Brazil |  China |  Korea |  Norway |  Poland |  Sweden |  Taiwan

Copyright ©2001 Standard Media International. Privacy Policy
Stock data provided by Stockpoint and its data suppliers. Copyright © 1995-2001