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.

Asbury Automotive (ABG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Asbury Automotive (ABG) Could Beat Earnings Estimates Again

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 third quarter financial results before the market opens on Thursday, October 27, 2022. 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 https://investors.asburyauto.com/. A replay will be availab

Asbury Automotive Group Schedules Release of Third Quarter 2022 Financial Results

The market has been pessimistic regarding Asbury Automotive Group and its prospects moving forward. Fortunately, financial performance remains robust and shares of the business look cheap.

Asbury Automotive Group: Patience Is Required

Asbury Automotive (ABG) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Here is Why Growth Investors Should Buy Asbury Automotive (ABG) Now

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Asbury Automotive (ABG) could produce exceptional returns because of its solid growth attributes.

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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.

Asbury Automotive (ABG) Upgraded to Buy: Here's Why

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The average of price targets set by Wall Street analysts indicates a potential upside of 31.9% in Asbury Automotive (ABG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Can Asbury Automotive (ABG) Climb 32% to Reach the Level Wall Street Analysts Expect?

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Asbury Automotive Group (ABG) is a Top-Ranked Value Stock: Should You Buy?

The Asbury Automotive Group, Inc. ( ABG , Financial) has ambitions that might launch it into becoming an even bigger player in the auto aggregation business.

Asbury Plans to Triple Revenue by 2025

Asbury (ABG) reports all-time high EPS in the second quarter. The top and bottom lines see robust year-over-year growth.

Asbury's (ABG) Record Q2 Earnings and Sales Beat Estimates

Asbury Automotive Group, Inc. (NYSE:ABG ) Q2 2022 Earnings Conference Call July 28, 2022 10:00 AM ET Company Participants Karen Reid - Vice President and Treasurer David Hult - President and Chief Executive Officer Dan Clara - Senior Vice President of Operations Michael Welch - Senior Vice President and Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens, Inc. Rajat Gupta - J.P. Morgan Dave Whiston - Morningstar Ryan Sigdahl - Craig-Hallum Capital Group Bret Jordan - Jefferies Operator Good day and welcome to the Asbury Automotive Group Second Quarter 2022 Earnings Call.

Asbury Automotive Group, Inc.'s (ABG) CEO David Hult on Q2 2022 Results - Earnings Call Transcript

Asbury Automotive (ABG) delivered earnings and revenue surprises of 13.06% and 3.31%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Asbury Automotive Group (ABG) Beats Q2 Earnings and Revenue 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 record second quarter 2022 net income of $201 million ($9.07 per diluted share), an increase of 32% from $152 million ($7.80 per diluted share) in the prior year quarter. Second quarter 2022 adjusted net income, a non-GAAP measure, increased 47% year-over-year to $223 million ($10.04 per diluted share) compared to adjusted net

Asbury Automotive Group Reports Record EPS of $9.07 for Second Quarter 2022, up 16% Over Prior Year Quarter, and Adjusted EPS (a non-GAAP measure) of $10.04, up 29% Over Prior Year Quarter, and an All-Time Record

Asbury Automotive Group has done well to grow both its top and bottom lines in recent years. Recent performance has been particularly explosive thanks to some acquisitions the firm has made and because of higher vehicle pricing.

Asbury Automotive Group: A Solid Prospect In The Automotive Retail Space

Can Asbury Automotive (ABG) Keep the Earnings Surprise Streak Alive?

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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 Thursday, July 28, 2022. 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

Asbury Automotive Group Schedules Release of Second Quarter 2022 Financial Results

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Asbury Automotive Group (ABG) a Great Value Stock Right Now?

Asbury Automotive (ABG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Asbury Automotive (ABG) Soars 4.5%: Is Further Upside Left in the Stock?

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The consensus price target hints at a 30.1% upside potential for Asbury Automotive (ABG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

News for Asbury Automotive Group Stock (ABG)