Asbury Automotive Group Inc. generated file internet revenue of $201.4 million throughout the second quarter, bolstered by dozens of latest Larry H. Miller Dealerships places it bought on the finish of 2021.

That translated to a internet revenue acquire of 32 % in contrast with the second quarter of final 12 months, Asbury reported Thursday. Asbury’s income rose 53 % to $3.95 billion.

Asbury CEO David Hult mentioned Asbury additionally set data with $352.1 million in adjusted earnings earlier than curiosity, taxes, depreciation and amortization, and $10.04 in adjusted earnings per share. Nonetheless, Asbury’s same-store income fell 7.2 %, and same-store gross revenue stood primarily unchanged for the quarter.

“With two full quarters with our expanded dealership portfolio, our unimaginable workforce throughout the nation delivered a sequential enhance in adjusted EBITDA of 5 % and adjusted EPS of 8 % over the primary quarter of 2022,” Hult mentioned in an announcement Thursday.

Asbury Automotive Group purchased 61 Larry H. Miller franchised and used-only shops and finance and insurance coverage merchandise supplier Whole Care Auto as a part of a $3.2 billion deal final December. On the time, Larry H. Miller was ranked No. 8 on Automotive Information‘ record of the highest 150 dealership teams primarily based within the U.S., with 61,097 new autos retailed in 2020. Asbury, of Duluth, Ga., was No. 6 on the record at the moment and moved to No. 5 on Automotive Information’ newest record, with retail gross sales of 109,910 new autos in 2021.

Asbury offered seven Toyota and Lexus shops within the first half of the 12 months to adjust to automaker store-count limits. It held 148 new-vehicle dealerships consisting of 198 franchises as of Thursday.

Q2 income: $3.95 billion, up 53 % from a 12 months earlier

Q2 internet revenue: $201.4 million, up 32 %

Q2 adjusted internet revenue: $222.9 million, up 47 %

Q2 car gross sales: 38,697 new autos, up 22 %; 39,848 used autos, up 48 %

Q2 same-store car gross sales: 21,594 new autos, down 31 %; 25,891 used autos, down 2.3 %

Information: Internet revenue, adjusted EBITDA, adjusted EPS