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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Earnings data Q4 2024

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)--Asbury Automotive Group Schedules Release of Second Quarter 2024 Financial Results.

Asbury Automotive Group Schedules Release of Second Quarter 2024 Financial Results

Asbury Automotive (ABG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Asbury Automotive Group (ABG) Q2 Earnings Expected to Decline

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Announces Appointment of Senior Vice President, General Counsel and Corporate Secretary.

Asbury Automotive Group Announces Appointment of Senior Vice President, General Counsel and Corporate Secretary

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (“we,” “our” or the “Company”), one of the largest automotive retail and service companies in the U.S., learned on Wednesday, June 19, 2024, that one of its vendors (CDK Global) experienced a cyber-attack impacting certain services provided to the Company and many other automotive retailers, including the Company's sales, service, inventory, customer relationship management, and accounting functions. Upon discovery of the i.

Asbury Automotive Group Provides Update on Service Impacts Related to the CDK Cyber Incident

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Board Increases Stock Repurchase Authorization to $400 Million.

Asbury Automotive Group Board Increases Stock Repurchase Authorization to $400 Million

Asbury Automotive Group's stock performance has been disappointing, up only 10% and flat since my recommendation. ABG's Q1 earnings showed a 17% increase in revenue, aided by M&A, and strong earnings are likely this year. While new car sales have contracted and margins have declined, the maintenance and financing units continue to generate steady cash flow and contribute disproportionately to gross profit.

Asbury Automotive: Strength In Maintenance Can Lift Shares

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Asbury's (ABG) first-quarter earnings miss estimates due to lower-than-expected gross profit from new vehicle, parts and service, and finance and insurance businesses.

Asbury (ABG) Stock Falls 1% Since Q1 Earnings & Sales Miss

Asbury Automotive Group, Inc. (NYSE:ABG ) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Chris Reeves - VP, Finance and Treasurer David Hult - President, CEO & Director Daniel Clara - SVP, Operations Michael Welch - SVP & CFO Conference Call Participants John Murphy - Bank of America Merrill Lynch Rajat Gupta - JPMorgan Chase & Co. Ryan Sigdahl - Craig-Hallum Capital Group Bret Jordan - Jefferies David Whiston - Morningstar Inc. Operator Greetings and welcome to the Asbury Automotive Group First Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Asbury Automotive Group, Inc. (ABG) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Asbury Automotive (ABG) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Asbury Automotive (ABG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Asbury Automotive Group (ABG) came out with quarterly earnings of $7.21 per share, missing the Zacks Consensus Estimate of $7.78 per share. This compares to earnings of $8.37 per share a year ago.

Asbury Automotive Group (ABG) Q1 Earnings and Revenues Lag Estimates

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported first quarter 2024 net income of $147 million ($7.21 per diluted share), a decrease of 19% from $181 million ($8.37 per diluted share) in first quarter 2023. “We delivered a strong first quarter, crossing over $4 billion in revenue for the first time in our company's history,” said David Hult, Asbury's President and Chief Execu.

Asbury Automotive Group Reports Record $4.2 Billion in Revenue

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Announces Chief Legal Officer George Villasana to Retire.

Asbury Automotive Announces Chief Legal Officer George Villasana to Retire

Earnings Preview: Asbury Automotive Group (ABG) Q1 Earnings Expected to Decline

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Releases 2023 Corporate Responsibility Report.

Asbury Automotive Group Releases 2023 Corporate Responsibility Report

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Schedules Release of First Quarter 2024 Financial Results.

Asbury Automotive Group Schedules Release of First Quarter 2024 Financial Results

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WILMINGTON, Del.--(BUSINESS WIRE)--The Presidio Group Advises Asbury Automotive Group on the Sale of Koons Wilmington Lexus in Delaware to MileOne Autogroup.

The Presidio Group Advises Asbury Automotive Group on the Sale of Delaware Lexus Store

Asbury's (ABG) fourth-quarter earnings miss estimates on lower-than-expected sales from used-vehicle and parts and service segments.

Asbury (ABG) Q4 Earnings Miss Expectations, Decline Y/Y

Asbury Automotive Group, Inc. (ABG) Q4 2023 Earnings Call Transcript

The headline numbers for Asbury Automotive (ABG) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Asbury Automotive (ABG) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Asbury Automotive Group (ABG) came out with quarterly earnings of $7.12 per share, missing the Zacks Consensus Estimate of $7.74 per share. This compares to earnings of $9.12 per share a year ago.

Asbury Automotive Group (ABG) Q4 Earnings Lag Estimates

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported fourth quarter 2023 net income of $56 million ($2.70 per diluted share), a decrease of 89% from $353 million ($15.95 per diluted share) in fourth quarter 2022. Fourth quarter 2023 results include non-cash asset impairments of $117.2 million or $4.29 per diluted share. Fourth quarter 2022 results include gains on dealership dive.

Asbury Automotive Group Reports Fourth Quarter Financial Results

Evaluate the expected performance of Asbury Automotive (ABG) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Asbury Automotive (ABG) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group Schedules Release of Fourth Quarter 2023 Financial Results.

News for Asbury Automotive Group Stock (ABG)