Asbury Automotive Group, Inc.: Update to credit analysis following outlook change to stable
Asbury Automotive Group's credit profile recognizes its relatively small size as compared to peer group, as well as its strength in highly-competitive markets in which it chooses to operateAsbury Automotive Group is a holding company. Through its subsidiaries, the company is an automotive retailer. The company's stores provide automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, prepaid maintenance, and credit life and disability insurance. The company's new vehicle franchise retail network is made up of dealerships operating under locally-branded dealership groups.
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