- Asbury Automotive Group Inc (NYSE:ABG) said its board of directors increased common stock repurchase authorization by $108 million.
- With the increase, the stock repurchase authorization totals $200 million.
- For the full year 2022, the company repurchased approximately 1.6 million shares of its common stock for $287 million.
- Year-to-date 2023, the company also repurchased about 115,000 shares for $20 million.
- Asbury held $141.3 million in cash and equivalents as of Sept. 30, 2022.
- Price Action: ABG shares closed higher by 3.61% at $200.63 on Thursday.
Cerence Inc Expects Q2 Revenue of $60M-$64M Vs $70.87M Est, FY24 Revenue of $355M-$375M Vs $362.14M Est
Second Quarter and Full Year Fiscal 2024 Outlook
For the fiscal quarter ending March 31, 2024, revenue is expected to be in the range of $60 million to $64 million. GAAP Net Loss is
