Asbury Automotive Group

Asbury Automotive Group, Inc. operates as a franchised automotive retailer. It operates through the Dealerships and Total Care Auto (TCA) segments. The Dealerships segment offers a range of automotive products and services fulfilling the entire vehicle ownership lifecycle including the sale of new and used vehicles and the provision of vehicle repair and maintenance services, replacement parts, and collision repair services. It is also involved in providing finance and insurance products. The TCA segment offers extended vehicle service contracts, prepaid maintenance contracts, vehicle theft assistance contracts, key replacement contracts, guaranteed asset protection contracts, paintless dent repair contracts, appearance protection contracts, tire and wheel, and lease wear and tear contracts. The company was founded in January 1995 and is headquartered in Duluth, GA.

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Asbury Automotive Group achieves record year, eyes growth opportunities

Asbury Automotive Group's strong financial performance in 2022 was marked by record revenue and profitability. While challenges like high prices and rates were discussed, management's focus on acquisitions and operational efficiencies presents growth opportunities. The company's strategic initiatives and market outlook for 2023 indicate a proactive approach to navigate the evolving landscape.

Asbury Automotive Group reports robust Q1 performance and growth opportunities

Asbury Automotive Group delivered a strong Q1 performance with record revenue and solid financial metrics.
Challenges in new and used vehicle sales offset by growth in parts and service revenue and digital sales success.
Maintaining healthy margins amidst supply chain challenges positions Asbury well for future stability and growth.
Opportunities exist for growth through strategic acquisitions, digital sales expansion, and new revenue streams.

Asbury Automotive Group reports strong Q2 performance and market opportunities

Asbury Automotive Group showcased strong Q2 performance and financial resilience amidst market challenges.
Preselling vehicles and focus on high PVRs in luxury and import brands highlight market demand and profitability potential.
Challenges include managing SG&A leverage, EV impact on parts and service, and risks to the 5-year plan.
Opportunities for growth include leveraging performance, optimizing balance sheet deployment, and enhancing parts and service offerings.

Asbury Automotive Group reports solid Q3 earnings, eyes strategic growth

Asbury Automotive Group's Q3 performance reflects resilience amidst market challenges, with a focus on strategic expansion and operational efficiency. Despite hurdles in brand mix and sourcing, the company remains optimistic about managing expenses and driving growth through acquisitions and debt management.

Asbury Automotive Group posts robust Q4 earnings amidst market challenges

Asbury Automotive Group's Q4 2023 earnings call highlighted strong financial results, operational challenges, and strategic initiatives for growth. The company aims to address market challenges while capitalizing on opportunities to drive profitability and efficiency.

Asbury Automotive Group reports robust Q1 performance amidst operational challenges

Asbury Automotive Group's Q1 2024 performance showcased strong financial metrics and strategic capital allocation.
Challenges in sourcing quality used vehicles and optimizing parts and service growth require attention.
Opportunities in F&I attachment rates, Clicklane transactions, and market strategies offer growth potential.
Management's focus on profitable growth and operational efficiency underpins the company's strategic direction.

Asbury Automotive Group overcomes outage to achieve record revenue

Asbury Automotive Group demonstrated resilience by achieving record revenue despite the CDK outage impact.
The company's focus on strategic capital allocation and operational efficiency positions it for sustainable growth.
Challenges from the outage highlight the importance of technological preparedness and customer experience management.
Opportunities lie in digital innovation, strategic partnerships, and enhancing service quality for future growth.

Asbury Automotive Group reports resilient Q3 performance amidst challenges

Asbury Automotive Group navigated challenges from severe weather and stop sales to deliver strong financial performance in Q3 2024.
The company's focus on profitability, parts and service business growth, and operational efficiency were key drivers of success.
While facing headwinds in the used vehicle segment, Asbury Automotive Group showcased resilience and strategic decision-making.
Addressing concerns raised by analysts and seizing opportunities for growth will be crucial for the company's future performance.

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Asbury Automotive Group, Inc. operates as a franchised automotive retailer. It operates through the Dealerships and Total Care Auto (TCA) segments. The Dealerships segment offers a range of automotive products and services fulfilling the entire vehicle ownership lifecycle including the sale of new and used vehicles and the provision of vehicle repair and maintenance services, replacement parts, and collision repair services. It is also involved in providing finance and insurance products. The TCA segment provides extended vehicle service contracts, prepaid maintenance contracts, vehicle theft assistance contracts, key replacement contracts, guaranteed asset protection contracts, paintless dent repair contracts, appearance protection contracts, tire and wheel, and lease wear and tear contracts. The company was founded in January 1995 and is headquartered in Duluth, GA.

DULUTH, Ga.--(BUSINESS WIRE)-- #AsburyAutomotiveGroup--Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., announced today additional product enhancements to Clicklane – a technology ecosystem which enables an authentic online car-buying and selling experience. Improvements include a strategic partnership with Insignia Group to provide vehicle customization accessories. Through Insignia Group's visualization platform, Clicklane c

Asbury Automotive Group Enhances Clicklane with Addition of Accessories and Customization Platform Powered by Insignia Group

SALT LAKE CITY, July 8, 2021 /PRNewswire/ --  Salty Dot Inc. , the Embedded Insurance® technology company, today announced a strategic partnership with Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S. to enhance Clicklane – a technology ecosystem which enables an authentic online car-buying and selling experience. Salty  has collaborated with Asbury to expand the capabilities of Clicklane, further simplifying the customer experience.

Salty And Asbury Automotive Group Join Forces

DULUTH, Ga.--(BUSINESS WIRE)-- #AsburyAutomotiveGroup--Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., announced today a significant new enhancement to Clicklane – a technology ecosystem which enables a complete online car-buying and selling experience. Asbury has partnered with Salty to expand the capabilities of Clicklane, further enhancing the customer experience. Customers can now receive a bindable insurance quote throug

Asbury Automotive Group Enhances Clicklane With Salty's Embedded Insurance®

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its second quarter financial results before the market opens on July 27, 2021. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time. The conference call will be simulcast live on the internet and can be accessed by logging onto www.asburyauto.com/company/investor-relations. A replay will be availab

Asbury Automotive Group Schedules Release of Second Quarter 2021 Financial Results

Automotive retailer Asbury Automotive Group, Inc. (NYSE: ABG) has appointed Michael Welch as Senior Vice President and Chief Financial Officer effective August 9, 2021.  Welch has served as the Vice President and Corporate Controller at Group 1 Automotive, Inc. (NYSE: GPI).

Asbury Automotive Appoints Michael Welch As CFO

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., today announced that Michael Welch will join the Company as its Senior Vice President and Chief Financial Officer effective August 9, 2021. “Michael has spent over 20 years working in the automotive retail industry so he brings with him a deep understanding of the auto retail business along with broad experience in financial

Asbury Automotive Group, Inc. Announces Appointment of Michael Welch as Chief Financial Officer

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DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., today announced that Patrick J. Guido provided notice of his decision to resign from the position of Senior Vice President & Chief Financial Officer of the Company effective June 24, 2021 for personal reasons. David W. Hult, Asbury's President & Chief Executive Officer, said, “We thank PJ Guido for his service to Asb

Asbury Automotive Group Announces Departure of Patrick J. Guido as CFO

Asbury Automotive (ABG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Asbury Automotive (ABG) Surges 5%: Is This an Indication of Further Gains?

Asbury Automotive (ABG) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

Asbury Automotive (ABG) is Oversold: Can It Recover?

Asbury Automotive (ABG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Asbury Automotive (ABG) Stock Stands Out in a Strong Industry

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Asbury Automotive (ABG) Shows Fast-paced Momentum But Is Still a Bargain Stock

Asbury Automotive saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 97. The post Asbury Automotive Sees Composite Rating Climb To 97 appeared first on Investor's Business Daily.

Asbury Automotive Sees Composite Rating Climb To 97

Asbury Automotive (ABG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Asbury Automotive (ABG) a New Buy Stock

Asbury Automotive Group, Inc., (ABG) CEO David Hult on Q1 2021 Results - Earnings Call Transcript

Asbury Automotive (ABG) delivered earnings and revenue surprises of 30.73% and 7.21%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Asbury Automotive Group (ABG) Beats Q1 Earnings and Revenue Estimates

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., reported net income for the first quarter 2021 of $92.8 million ($4.78 per diluted share). This compares to net income of $19.5 million ($1.01 per diluted share) in the prior year quarter. The financial measures discussed below include both GAAP and adjusted (non-GAAP) financial measures. Please see reconciliations for our non-GAAP metrics included in

Asbury Automotive Group Announces Record First Quarter 2021 Financial Results

David Abrams ( Trades , Portfolio ) has revealed an addition to his Asbury Automotive Group Inc. (NYSE:ABG) stake for the first time this year according to GuruFocus' Real-Time Picks, a Premium feature.

David Abrams Tops Off Asbury Automotive Group Holding

DULUTH, Ga., April 12, 2021 /PRNewswire/ -- Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., announced that it will release its first quarter financial results before the market opens on April 27, 2021.

Asbury Automotive Group Schedules Release of First Quarter 2021 Financial Results

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Asbury Automotive Group, Inc. (ABG) CEO David Hult on Q4 2020 Results - Earnings Call Transcript

Asbury Automotive (ABG) delivered earnings and revenue surprises of 6.22% and 1.28%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Asbury Automotive Group Stock (ABG)