$ABG
ASBURY AUTOMOTIVE GROUP INC Stock $abg

$abg Overview Financials Valuation SEC Filings Company Website

2017 Q4 Form 10-Q Financial Statement

#000114498017000134 Filed on October 25, 2017

Income Statement

Concept	2017 Q4	2017 Q3	2016 Q3
Revenue	$1.671B	$1.602B	$1.683B
YoY Change	0.26%	-4.81%	-1.94%
Cost Of Revenue	$1.403B	$1.342B	$1.417B
YoY Change	0.04%	-5.33%	-1.82%
Gross Profit	$268.4M	$260.3M	$265.7M
YoY Change	1.44%	-2.03%	-2.57%
Gross Profit Margin	16.06%	16.25%	15.79%
Selling, General & Admin	$180.5M	$182.5M	$185.7M
YoY Change	-1.53%	-1.72%	-1.64%
% of Gross Profit	67.25%	70.11%	69.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$8.100M	$8.100M	$7.800M
YoY Change	5.19%	3.85%	4.0%
% of Gross Profit	3.02%	3.11%	2.94%
Operating Expenses	$189.2M	$182.5M	$185.7M
YoY Change	2.55%	-1.72%	-1.64%
Operating Profit	$79.20M	$69.70M	$70.70M
YoY Change	-1.12%	-1.41%	-7.7%
Interest Expense	-$19.70M	-$19.60M	-$19.00M
YoY Change	5.35%	3.16%	20.25%
% of Operating Profit	-24.87%	-28.12%	-26.87%
Other Income/Expense, Net		-$19.60M	-$19.00M
YoY Change		3.16%	-439.29%
Pretax Income	$54.40M	$50.10M	$51.70M
YoY Change	-49.11%	-3.09%	-37.1%
Income Tax	$4.000M	$19.40M	$19.30M
% Of Pretax Income	7.35%	38.72%	37.33%
Net Earnings	$42.50M	$30.70M	$32.40M
YoY Change	-36.66%	-5.25%	-36.59%
Net Earnings / Revenue	2.54%	1.92%	1.93%
Basic Earnings Per Share	$2.06	$1.49	$1.47
Diluted Earnings Per Share	$2.03	$1.48	$1.47
COMMON SHARES
Basic Shares Outstanding	20.82M shares	20.60M shares	22.00M shares
Diluted Shares Outstanding		20.80M shares	22.10M shares

Balance Sheet

Concept	2017 Q4	2017 Q3	2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.700M	$2.800M	$3.700M
YoY Change	38.24%	-24.32%	-5.13%
Cash & Equivalents	$4.700M	$2.800M	$3.700M
Short-Term Investments
Other Short-Term Assets	$119.3M	$117.7M	$93.70M
YoY Change	22.99%	25.61%	-2.5%
Inventory	$826.0M	$843.5M	$892.4M
Prepaid Expenses	$5.200M
Receivables	$128.5M	$108.7M	$111.9M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.302B	$1.221B	$1.337B
YoY Change	-2.27%	-8.71%	4.3%
LONG-TERM ASSETS
Property, Plant & Equipment	$834.2M	$823.0M	$800.3M
YoY Change	2.31%	2.84%	5.08%
Goodwill	$160.8M	$160.8M	$128.0M
YoY Change	25.53%	25.63%	-1.69%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$10.00M	$10.60M	$12.60M
YoY Change	-14.53%	-15.87%	-81.9%
Total Long-Term Assets	$1.055B	$1.049B	$989.4M
YoY Change	5.07%	6.03%	2.91%
TOTAL ASSETS
Total Short-Term Assets	$1.302B	$1.221B	$1.337B
Total Long-Term Assets	$1.055B	$1.049B	$989.4M
Total Assets	$2.357B	$2.270B	$2.327B
YoY Change	0.88%	-2.44%	3.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$92.40M	$277.8M	$271.1M
YoY Change	12.82%	2.47%	2.5%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$732.1M	$688.3M	$769.5M
YoY Change	-6.36%	-10.55%	-8.16%
Long-Term Debt Due	$12.90M	$14.30M	$13.90M
YoY Change	-7.86%	2.88%	0.72%
Total Short-Term Liabilities	$1.058B	$980.4M	$1.100B
YoY Change	-4.23%	-10.86%	-4.08%
LONG-TERM LIABILITIES
Long-Term Debt	$862.6M	$901.4M	$916.3M
YoY Change	-5.49%	-1.63%	22.52%
Other Long-Term Liabilities	$29.20M	$31.60M	$36.10M
YoY Change	-2.34%	-12.47%	20.74%
Total Long-Term Liabilities	$29.20M	$31.60M	$36.10M
YoY Change	-2.34%	-12.47%	20.74%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.058B	$980.4M	$1.100B
Total Long-Term Liabilities	$29.20M	$31.60M	$36.10M
Total Liabilities	$1.087B	$1.012B	$1.136B
YoY Change	-4.18%	-10.91%	-3.45%
SHAREHOLDERS EQUITY
Retained Earnings	$750.3M	$707.8M	$544.4M
YoY Change	22.7%	30.01%	35.02%
Common Stock	$563.9M	$560.2M	$547.0M
YoY Change	2.56%	2.41%	2.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$919.1M	$918.9M	$829.4M
YoY Change	4.5%	10.79%	33.9%
Treasury Stock Shares	20.16M shares	20.15M shares	18.59M shares
Shareholders Equity	$394.2M	$347.3M	$255.6M
YoY Change
Total Liabilities & Shareholders Equity	$2.357B	$2.270B	$2.327B
YoY Change	0.88%	-2.44%	3.7%

Cashflow Statement

Concept	2017 Q4	2017 Q3	2016 Q3
OPERATING ACTIVITIES
Net Income	$42.50M	$30.70M	$32.40M
YoY Change	-36.66%	-5.25%	-36.59%
Depreciation, Depletion And Amortization	$8.100M	$8.100M	$7.800M
YoY Change	5.19%	3.85%	4.0%
Cash From Operating Activities	$23.10M	$124.9M	$81.50M
YoY Change	-362.5%	53.25%	46.06%
INVESTING ACTIVITIES
Capital Expenditures	-$31.80M	-$9.900M	-$25.70M
YoY Change	-6.74%	-61.48%	76.03%
Acquisitions
YoY Change
Other Investing Activities	$2.000M	$3.800M	$0.00
YoY Change	-98.28%		-100.0%
Cash From Investing Activities	-$29.80M	-$6.100M	-$25.70M
YoY Change	-136.17%	-76.26%	-164.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	8.600M	-118.7M	-53.90M
YoY Change	-111.64%	120.22%	-42.35%
NET CHANGE
Cash From Operating Activities	23.10M	124.9M	81.50M
Cash From Investing Activities	-29.80M	-6.100M	-25.70M
Cash From Financing Activities	8.600M	-118.7M	-53.90M
Net Change In Cash	1.900M	100.0K	1.900M
YoY Change	-733.33%	-94.74%	-5.0%
FREE CASH FLOW
Cash From Operating Activities	$23.10M	$124.9M	$81.50M
Capital Expenditures	-$31.80M	-$9.900M	-$25.70M
Free Cash Flow	$54.90M	$134.8M	$107.2M
YoY Change	117.0%	25.75%	52.27%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	abg	Cash Paid During Period Related To Floor Plan Interest CashPaidDuringPeriodRelatedToFloorPlanInterest	14300000	USD
	abg	Cash Paid During Period Related To Floor Plan Interest CashPaidDuringPeriodRelatedToFloorPlanInterest	16900000	USD
CY2016Q4	abg	Contractsintransit Contractsintransit	182600000	USD
CY2017Q3	abg	Contractsintransit Contractsintransit	131800000	USD
	abg	Deferred Income Tax Expense Benefit Continuing Operations And Discontinued Operations DeferredIncomeTaxExpenseBenefitContinuingOperationsAndDiscontinuedOperations	6400000	USD
	abg	Deferred Income Tax Expense Benefit Continuing Operations And Discontinued Operations DeferredIncomeTaxExpenseBenefitContinuingOperationsAndDiscontinuedOperations	100000	USD
	abg	Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount	200000	USD
CY2016Q3	abg	Financeandinsurancenet Financeandinsurancenet	65400000	USD
	abg	Financeandinsurancenet Financeandinsurancenet	192600000	USD
CY2017Q3	abg	Financeandinsurancenet Financeandinsurancenet	67700000	USD
	abg	Financeandinsurancenet Financeandinsurancenet	202500000	USD
	abg	Floor Plan Borrowings Acquisitions FloorPlanBorrowingsAcquisitions	0	USD
	abg	Floor Plan Borrowings Acquisitions FloorPlanBorrowingsAcquisitions	25100000	USD
CY2016Q3	abg	Floor Plan Interest Expense FloorPlanInterestExpense	5000000	USD
	abg	Floor Plan Interest Expense FloorPlanInterestExpense	14400000	USD
CY2017Q3	abg	Floor Plan Interest Expense FloorPlanInterestExpense	5800000	USD
	abg	Floor Plan Interest Expense FloorPlanInterestExpense	17100000	USD
CY2016Q4	abg	Floor Plan Notes Payable Non Trade FloorPlanNotesPayableNonTrade	673500000	USD
CY2017Q3	abg	Floor Plan Notes Payable Non Trade FloorPlanNotesPayableNonTrade	578600000	USD
CY2016Q4	abg	Floor Plan Notes Payable Non Trade Gross FloorPlanNotesPayableNonTradeGross	732700000	USD
CY2017Q3	abg	Floor Plan Notes Payable Non Trade Gross FloorPlanNotesPayableNonTradeGross	641800000	USD
CY2016Q4	abg	Floor Plan Notes Payable Non Trade Offsets FloorPlanNotesPayableNonTradeOffsets	59200000	USD
CY2017Q3	abg	Floor Plan Notes Payable Non Trade Offsets FloorPlanNotesPayableNonTradeOffsets	63200000	USD
CY2016Q4	abg	Floor Plan Notes Payable Offsets FloorPlanNotesPayableOffsets	70900000	USD
CY2017Q3	abg	Floor Plan Notes Payable Offsets FloorPlanNotesPayableOffsets	75000000	USD
CY2016Q4	abg	Floor Plan Notes Payable Trade FloorPlanNotesPayableTrade	108300000	USD
CY2017Q3	abg	Floor Plan Notes Payable Trade FloorPlanNotesPayableTrade	109700000	USD
CY2016Q4	abg	Floor Plan Notes Payable Trade Gross FloorPlanNotesPayableTradeGross	120000000	USD
CY2017Q3	abg	Floor Plan Notes Payable Trade Gross FloorPlanNotesPayableTradeGross	121500000	USD
CY2016Q4	abg	Floor Plan Notes Payable Trade Offsets FloorPlanNotesPayableTradeOffsets	11700000	USD
CY2017Q3	abg	Floor Plan Notes Payable Trade Offsets FloorPlanNotesPayableTradeOffsets	11800000	USD
	abg	Increase Decrease In Floor Plan Notes Payable Trade IncreaseDecreaseInFloorPlanNotesPayableTrade	-20400000	USD
	abg	Increase Decrease In Floor Plan Notes Payable Trade IncreaseDecreaseInFloorPlanNotesPayableTrade	1400000	USD
	abg	Loaner Vehicles Amount Transferred From Other Current Assets To Inventory LoanerVehiclesAmountTransferredFromOtherCurrentAssetsToInventory	86600000	USD
	abg	Loaner Vehicles Amount Transferred From Other Current Assets To Inventory LoanerVehiclesAmountTransferredFromOtherCurrentAssetsToInventory	111800000	USD
CY2016Q4	abg	Long Term Debt And Capital Lease Obligations Current And Noncurrent LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent	931300000	USD
CY2017Q3	abg	Long Term Debt And Capital Lease Obligations Current And Noncurrent LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent	919800000	USD
CY2016Q4	abg	Long Term Debtand Capital Lease Obligations Currentand Noncurrent Including Unamortized Premium Discount LongTermDebtandCapitalLeaseObligationsCurrentandNoncurrentIncludingUnamortizedPremiumDiscount	926700000	USD
CY2017Q3	abg	Long Term Debtand Capital Lease Obligations Currentand Noncurrent Including Unamortized Premium Discount LongTermDebtandCapitalLeaseObligationsCurrentandNoncurrentIncludingUnamortizedPremiumDiscount	915700000	USD
CY2016Q3	abg	New Vehicle Cost Of Sales NewVehicleCostOfSales	893400000	USD
	abg	New Vehicle Cost Of Sales NewVehicleCostOfSales	2536600000	USD
CY2017Q3	abg	New Vehicle Cost Of Sales NewVehicleCostOfSales	840600000	USD
	abg	New Vehicle Cost Of Sales NewVehicleCostOfSales	2474600000	USD
CY2016Q3	abg	New Vehicle Revenue NewVehicleRevenue	940900000	USD
	abg	New Vehicle Revenue NewVehicleRevenue	2676300000	USD
CY2017Q3	abg	New Vehicle Revenue NewVehicleRevenue	881600000	USD
	abg	New Vehicle Revenue NewVehicleRevenue	2597000000	USD
CY2017Q3	abg	Number Of Collision Repair Centers NumberOfCollisionRepairCenters	24	CollisionRepairCenters
CY2017Q3	abg	Number Of Dealership Locations NumberOfDealershipLocations	80	DealershipLocations
CY2017Q3	abg	Number Of Franchises NumberOfFranchises	94	Franchises
CY2017Q3	abg	Number Of Metropolitan Markets NumberOfMetropolitanMarkets	17	MetropolitanMarkets
CY2017Q3	abg	Number Of Vehicle Brands NumberOfVehicleBrands	29	VehicleBrands
	abg	Proceeds From Floor Plan Borrowings Non Trade ProceedsFromFloorPlanBorrowingsNonTrade	2920400000	USD
	abg	Proceeds From Floor Plan Borrowings Non Trade ProceedsFromFloorPlanBorrowingsNonTrade	2818100000	USD
	abg	Repayments Of Floor Plan Payables Non Trade RepaymentsOfFloorPlanPayablesNonTrade	2813900000	USD
	abg	Repayments Of Floor Plan Payables Non Trade RepaymentsOfFloorPlanPayablesNonTrade	2938100000	USD
CY2016Q3	abg	Swap Interest Expense SwapInterestExpense	800000	USD
	abg	Swap Interest Expense SwapInterestExpense	2400000	USD
CY2017Q3	abg	Swap Interest Expense SwapInterestExpense	400000	USD
	abg	Swap Interest Expense SwapInterestExpense	1600000	USD
CY2016Q3	abg	Used Vehicle Cost Of Sales UsedVehicleCostOfSales	446600000	USD
	abg	Used Vehicle Cost Of Sales UsedVehicleCostOfSales	1307700000	USD
CY2017Q3	abg	Used Vehicle Cost Of Sales UsedVehicleCostOfSales	426800000	USD
	abg	Used Vehicle Cost Of Sales UsedVehicleCostOfSales	1301200000	USD
CY2016Q3	abg	Used Vehicle Revenue UsedVehicleRevenue	476400000	USD
	abg	Used Vehicle Revenue UsedVehicleRevenue	1407500000	USD
CY2017Q3	abg	Used Vehicle Revenue UsedVehicleRevenue	455600000	USD
	abg	Used Vehicle Revenue UsedVehicleRevenue	1396600000	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
	dei	Document Period End Date DocumentPeriodEndDate	2017-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001144980
CY2017Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	20817702	shares
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	ASBURY AUTOMOTIVE GROUP INC
CY2016Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	309100000	USD
CY2017Q3	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	277800000	USD
CY2016Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	140300000	USD
CY2017Q3	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	110300000	USD
CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2100000	USD
CY2017Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1800000	USD
CY2016Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	549400000	USD
CY2017Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	559800000	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1900000	USD
CY2017Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	1600000	USD
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	3100000	USD
	us-gaap	Asset Impairment Charges AssetImpairmentCharges	0	USD
CY2016Q4	us-gaap	Assets Assets	2336100000	USD
CY2017Q3	us-gaap	Assets Assets	2269800000	USD
CY2016Q4	us-gaap	Assets Current AssetsCurrent	1332400000	USD
CY2017Q3	us-gaap	Assets Current AssetsCurrent	1220700000	USD
CY2016Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current AssetsHeldForSaleNotPartOfDisposalGroupCurrent	16100000	USD
CY2017Q3	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current AssetsHeldForSaleNotPartOfDisposalGroupCurrent	16200000	USD
CY2016Q4	us-gaap	Capital Lease Obligations CapitalLeaseObligations	3400000	USD
CY2017Q3	us-gaap	Capital Lease Obligations CapitalLeaseObligations	3300000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2800000	USD
CY2016Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3700000	USD
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3400000	USD
CY2017Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2800000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	900000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-600000	USD
CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2017Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	90000000	shares
CY2017Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	90000000	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	40750765	shares
CY2017Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	40973460	shares
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	400000	USD
CY2017Q3	us-gaap	Common Stock Value CommonStockValue	400000	USD
CY2016Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	33000000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	97200000	USD
CY2017Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	30900000	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	96900000	USD
CY2016Q3	us-gaap	Cost Of Revenue CostOfRevenue	1417400000	USD
	us-gaap	Cost Of Revenue CostOfRevenue	4067200000	USD
CY2017Q3	us-gaap	Cost Of Revenue CostOfRevenue	1341800000	USD
	us-gaap	Cost Of Revenue CostOfRevenue	3998100000	USD
CY2016Q3	us-gaap	Cost Of Services CostOfServices	77400000	USD
	us-gaap	Cost Of Services CostOfServices	222900000	USD
CY2017Q3	us-gaap	Cost Of Services CostOfServices	74400000	USD
	us-gaap	Cost Of Services CostOfServices	222300000	USD
	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	15600000	USD
	us-gaap	Cost Of Services Depreciation And Amortization CostOfServicesDepreciationAndAmortization	16800000	USD
CY2016Q4	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	7600000	USD
CY2017Q3	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	7100000	USD
CY2016Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	12200000	USD
CY2017Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	11200000	USD
CY2016Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	8900000	USD
CY2017Q3	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	9100000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	23000000	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	24000000	USD
CY2016Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	7800000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	23000000	USD
CY2017Q3	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	8100000	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	24000000	USD
CY2016Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.47
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	4.39
CY2017Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.49
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	4.64
CY2016Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.47
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	4.37
CY2017Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.48
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	4.60
CY2016Q4	us-gaap	Goodwill Goodwill	128100000	USD
CY2017Q3	us-gaap	Goodwill Goodwill	160800000	USD
CY2016Q3	us-gaap	Gross Profit GrossProfit	265700000	USD
	us-gaap	Gross Profit GrossProfit	794100000	USD
CY2017Q3	us-gaap	Gross Profit GrossProfit	260300000	USD
	us-gaap	Gross Profit GrossProfit	787500000	USD
CY2016Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	51700000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	160900000	USD
CY2017Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	50100000	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	154700000	USD
CY2016Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	19300000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	60800000	USD
CY2017Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	19400000	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	58100000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-11000000	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-34300000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-7500000	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-30000000	USD
	us-gaap	Increase Decrease In Contract Receivables Net IncreaseDecreaseInContractReceivablesNet	-46800000	USD
	us-gaap	Increase Decrease In Contract Receivables Net IncreaseDecreaseInContractReceivablesNet	-50800000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-78100000	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-189500000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	111000000	USD
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	145600000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-1500000	USD
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-1600000	USD
CY2016Q3	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	100000	shares
	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	100000	shares
CY2017Q3	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	100000	shares
	us-gaap	Incremental Common Shares Attributable To Contingently Issuable Shares IncrementalCommonSharesAttributableToContingentlyIssuableShares	100000	shares
CY2016Q3	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	0	shares
	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	0	shares
CY2017Q3	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	100000	shares
	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	100000	shares
CY2016Q4	us-gaap	Indefinite Lived Franchise Rights IndefiniteLivedFranchiseRights	48500000	USD
CY2017Q3	us-gaap	Indefinite Lived Franchise Rights IndefiniteLivedFranchiseRights	54700000	USD
CY2016Q3	us-gaap	Interest Expense Other InterestExpenseOther	13200000	USD
	us-gaap	Interest Expense Other InterestExpenseOther	40000000	USD
CY2017Q3	us-gaap	Interest Expense Other InterestExpenseOther	13400000	USD
	us-gaap	Interest Expense Other InterestExpenseOther	40200000	USD
	us-gaap	Interest Paid InterestPaid	46500000	USD
	us-gaap	Interest Paid InterestPaid	48100000	USD
CY2016Q4	us-gaap	Inventory Net InventoryNet	894900000	USD
CY2017Q3	us-gaap	Inventory Net InventoryNet	843500000	USD
CY2016Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	6500000	USD
CY2017Q3	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	5700000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2336100000	USD
CY2017Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2269800000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	1104900000	USD
CY2017Q3	us-gaap	Liabilities Current LiabilitiesCurrent	980400000	USD
CY2016Q4	us-gaap	Long Term Debt LongTermDebt	935500000	USD
CY2017Q3	us-gaap	Long Term Debt LongTermDebt	923600000	USD
CY2016Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	912700000	USD
CY2017Q3	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	901400000	USD
CY2016Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	14000000	USD
CY2017Q3	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	14300000	USD
CY2016Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	953000000	USD
CY2017Q3	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	947000000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-72900000	USD
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	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	243200000	USD
CY2016Q3	us-gaap	Net Income Loss NetIncomeLoss	32400000	USD
	us-gaap	Net Income Loss NetIncomeLoss	100100000	USD
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	30700000	USD
	us-gaap	Net Income Loss NetIncomeLoss	96600000	USD
CY2016Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-19000000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-56800000	USD
CY2017Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-19600000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-58900000	USD
CY2017Q3	us-gaap	Number Of States In Which Entity Operates NumberOfStatesInWhichEntityOperates	9	states
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	70700000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	217700000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	69700000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	213600000	USD
CY2016Q4	us-gaap	Other Assets Current OtherAssetsCurrent	97000000	USD
CY2017Q3	us-gaap	Other Assets Current OtherAssetsCurrent	117700000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	11700000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	10600000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	400000	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	-1900000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	100000	USD
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	200000	USD
CY2016Q3	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	1000000	USD
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-4800000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	300000	USD
	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	500000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	29900000	USD
CY2017Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	31600000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-2500000	USD
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-2300000	USD
CY2016Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-1500000	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-4200000	USD
CY2017Q3	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	0	USD
	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-700000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	165500000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	39400000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	2700000	USD
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	80100000	USD
	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	19600000	USD
	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	0	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	47300000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	21400000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	10600000	USD
	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	300000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2017Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2017Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	65100000	USD
	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	94200000	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	0	USD
	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	3800000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	815400000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	823000000	USD
CY2016Q4	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	16100000	USD
CY2017Q3	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	16200000	USD
CY2016Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	138400000	USD
CY2017Q3	us-gaap	Receivables Net Current ReceivablesNetCurrent	108700000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	11200000	USD
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	11500000	USD
CY2016Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	611500000	USD
CY2017Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	707800000	USD
CY2016Q3	us-gaap	Revenues Revenues	1683100000	USD
	us-gaap	Revenues Revenues	4861300000	USD
CY2017Q3	us-gaap	Revenues Revenues	1602100000	USD
	us-gaap	Revenues Revenues	4785600000	USD
CY2016Q3	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	200400000	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	584900000	USD
CY2017Q3	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	197200000	USD
	us-gaap	Sales Revenue Services Net SalesRevenueServicesNet	589500000	USD
CY2016Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	185700000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	549200000	USD
CY2017Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	182500000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	549200000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	9100000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	10000000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	279700000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	347300000	USD
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	19497596	shares
CY2017Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	20153622	shares
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	879500000	USD
CY2017Q3	us-gaap	Treasury Stock Value TreasuryStockValue	918900000	USD
CY2016Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22100000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	22900000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20800000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	21000000	shares
CY2016Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22000000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	22800000	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20600000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20800000	shares
	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;padding-left:96px;text-indent:-96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">DESCRIPTION OF BUSINESS</font></div><div style="line-height:120%;padding-top:6px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are one of the largest automotive retailers in the United States, operating </font><font style="font-family:inherit;font-size:10pt;">94</font><font style="font-family:inherit;font-size:10pt;"> new vehicle franchises (</font><font style="font-family:inherit;font-size:10pt;">80</font><font style="font-family:inherit;font-size:10pt;"> dealership locations) in </font><font style="font-family:inherit;font-size:10pt;">17</font><font style="font-family:inherit;font-size:10pt;"> metropolitan markets within </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;"> states as of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">. Our stores offer an extensive range of automotive products and services, including new and used vehicles; parts and service, which includes repair and maintenance services, replacement parts, and collision repair services; and finance and insurance products. As of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2017</font><font style="font-family:inherit;font-size:10pt;">, we offered </font><font style="font-family:inherit;font-size:10pt;">29</font><font style="font-family:inherit;font-size:10pt;"> brands of new vehicles and our new vehicle revenue brand mix consisted of </font><font style="font-family:inherit;font-size:10pt;">46%</font><font style="font-family:inherit;font-size:10pt;"> imports, </font><font style="font-family:inherit;font-size:10pt;">33%</font><font style="font-family:inherit;font-size:10pt;"> luxury, and </font><font style="font-family:inherit;font-size:10pt;">21%</font><font style="font-family:inherit;font-size:10pt;"> domestic brands. We also operated </font><font style="font-family:inherit;font-size:10pt;">24</font><font style="font-family:inherit;font-size:10pt;"> collision repair centers that serve customers in our local markets. </font></div><div style="line-height:120%;padding-top:12px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our retail network is made up of dealerships operating primarily under the following locally-branded dealership groups: </font></div><div style="line-height:120%;font-size:5pt;"><font style="font-family:inherit;font-size:5pt;"> </font></div><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Coggin dealerships operating primarily in Jacksonville, Fort Pierce and Orlando, Florida; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Courtesy dealerships operating in Tampa, Florida; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Crown dealerships operating in North Carolina, South Carolina and Virginia; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gray-Daniels dealerships operating in the Jackson, Mississippi area; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Hare dealerships operating in the Indianapolis, Indiana area; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">McDavid dealerships operating in metropolitan Austin, Dallas and Houston, Texas; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Nalley dealerships operating in metropolitan Atlanta, Georgia; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:6px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">•</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Plaza dealerships operating in metropolitan St. Louis, Missouri. </font></div></td></tr></table><div style="line-height:120%;padding-left:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-left:4px;text-align:left;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our operating results are generally subject to changes in the economic environment as well as seasonal variations. Historically, we have generated more revenue and operating income in the second, third, and fourth quarters than in the first quarter of the calendar year. Generally, the seasonal variations in our operations are caused by factors related to weather conditions, changes in manufacturer incentive programs, model changeovers and consumer buying patterns, among other things.</font></div></div>
	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the periods presented. Actual results could differ materially from these estimates. Estimates and assumptions are reviewed quarterly and the effects of any revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Significant estimates made in the accompanying Condensed Consolidated Financial Statements include, but are not limited to, those relating to inventory valuation reserves, reserves for chargebacks against revenue recognized from the sale of finance and insurance products, reserves for insurance programs, certain assumptions related to intangible and long-lived assets, and reserves for certain legal or similar proceedings relating to our business operations.</font></div></div>

Files In Submission

Name	View Source	Status
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$ABG
ASBURY AUTOMOTIVE GROUP INC Stock $abg

2017 Q4 Form 10-Q Financial Statement

#000114498017000134 Filed on October 25, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ABG ASBURY AUTOMOTIVE GROUP INC Stock $abg

2017 Q4 Form 10-Q Financial Statement

#000114498017000134 Filed on October 25, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ABG
ASBURY AUTOMOTIVE GROUP INC Stock $abg