Asbury completes all dealership software transitions and focuses on debt repayment
KB KB Financial Group Inc ADR
$117.42 +3.55%
View chart & analysis → - 1Asbury has completed the transition of all dealerships to the Tekion software system.
- 2Asbury recorded a 4.5% increase in used car retail sales volume compared to the previous quarter.
- 3The net leverage ratio relative to Asbury's operating income stood at 3.5x at the end of the quarter.
So what's the key point?
Asbury has switched the software for all its car dealerships to Tekion. With used car sales up 4.5%, the company is now focusing on paying down its debt.
Source The Motley Fool +1 · View original ↗
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