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Asbury Automotive Group CEO Discusses Q3 2010 Results - Earnings Call Transcript

Asbury Automotive Group, Inc. (ABG)

Q3 2010 Earnings Conference Call

October 26, 2010 1 PM ET

Executives

Ryan Marsh – Treasurer

Charles Oglesby – President and CEO

Craig Monaghan – SVP and CFO

Michael Kearney – SVP and COO

Analysts

Rick Nelson – Stephens Investment

John Murphy – Bank of America / Merrill Lynch

Dan (ph) – Deutsche Bank

Presentation

Operator

Good day and welcome to Q3 Financial Results Conference Call. Today’s conference is being recorded. At this time I would like to turn the conference over to the treasurer, Mr. Ryan Marsh. Please go ahead sir.

Ryan Marsh

Thanks Jill and good morning to everyone. Welcome to Asbury Automotive Group’s Q3 2010 earnings call. Today’s call is being recorded and will be available for replay later today. As you know, the press release detailing Asbury’s Q3 results was issued earlier this morning and is now posted on our website at AsburyYahoo.com.

Participating with us today are Charles Oglesby, our CEO. Craig Monaghan our CFO, and Michael Kearney our COO.

As always, at the conclusion of our remarks, we’ll open the (inaudible) for your questions and I’ll be available in my office afterwards to address any follow up questions that you may have.

Before we begin I must remind you that the discussion during the call today is likely to contain forward looking statements. Forward-looking statements are statements that are those other than which are historical in nature. All forward-looking statements are subject to significant uncertainties and actual results may differ materially from those suggested by the statements.

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