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.

Earnings data Q1 2021

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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.

Asbury's (ABG) gross profit surprises in the new-vehicle and finance & insurance segments steer overall earnings growth.

Asbury (ABG) Q4 Earnings Outstrip Estimates, Jump 22.2% Y/Y

Asbury Automotive Group, Inc. (NYSE:ABG ) Q4 2022 Results Conference Call February 2, 2023 10:00 AM ET Company Participants Karen Reid - Vice President and Corporate 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 John Murphy - Bank of America Ryan Sigdahl - Graig-Hallum Capital Daniela Haigian - Morgan Stanley Rajat Gupta - JPMorgan Bret Jordan - Jefferies David Whiston - Morningstar Operator Greetings. Welcome to Asbury Automotive Group's Fourth Quarter 2022 Earnings Call.

Asbury Automotive Group, Inc. (ABG) Q4 2022 Earnings Call Transcript

Asbury Automotive (ABG) delivered earnings and revenue surprises of 10.81% and 2.99%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Asbury Automotive Group (ABG) Tops Q4 Earnings 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 2022 net income of $353 million ($15.95 per diluted share), an increase of 151% from $141 million ($6.44 per diluted share) in the prior year quarter. Fourth quarter 2022 adjusted net income, a non-GAAP measure, increased 24% year-over-year to $202 million ($9.12 per diluted share) compared to adjusted net income of $163 million ($7.46 per diluted share) in fourth quarter 2021.

Asbury Automotive Group Reports Record Fourth Quarter and Record Full Year 2022 Financial Results

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., today announced its board of directors increased the Company's common stock repurchase authorization by $108 million to a total of $200 million.

Asbury Automotive Group Increases Share Repurchase Authorization to $200 Million

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.

Asbury Automotive Group (ABG) Reports Next Week: Wall Street Expects Earnings Growth

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) is Poised to Beat Earnings Estimates Again

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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 fourth quarter financial results before the market opens on Thursday, February 2, 2023. Asbury will host a conference call later that day at 10:00 a.m. Eastern Time.

Asbury Automotive Group Schedules Release of Fourth Quarter 2022 Financial Results

Investors need to pay close attention to Asbury (ABG) stock based on the movements in the options market lately.

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Asbury Automotive Group continues to generate strong sales, earnings, and cash flow growth. This is impressive, but it's only due to acquisitions and favorable pricing.

Asbury Automotive Group: Driving Your Way To More Profits

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Broker-favorite stocks like American Airlines (AAL), Delek US Holdings (DK), Builders FirstSource (BLDR), Asbury Automotive (ABG) and Foot Locker (FL) should be on an investors' watchlist.

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Asbury Automotive Group, Inc. Announces Appointment of Nathan Briesemeister as Vice President, Chief Accounting Officer & Controller

Higher-than-expected gross profit from Parts & Services and Finance & Insurance units leads to Q3 earnings beat for Asbury (ABG).

Asbury (ABG) Q3 Earnings Surpass Estimates, Rise 39% Y/Y

Asbury Automotive Group, Inc. (NYSE:ABG ) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET Company Participants Karen Reid - Vice President & Treasurer David Hult - President and Chief Executive Officer Daniel Clara - Senior Vice President of Operations Michael Welch - Senior Vice President, Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens John Murphy - Bank of America Ryan Sigdahl - Graig-Hallum Capital Group Bret Jordan - Jefferies Rajat Gupta - JPMorgan David Whiston - Morningstar Operator Good day and welcome to the Q3 2022 Earnings Call. This conference is being recorded.

Asbury Automotive Group, Inc. (ABG) Q3 2022 Earnings Call Transcript

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Asbury Automotive (ABG) delivered earnings and revenue surprises of 0.44% and 2.63%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Asbury Automotive Group (ABG) Beats Q3 Earnings Estimates

Asbury Automotive Group Reports Record Third Quarter 2022 Financial Results

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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.

News for Asbury Automotive Group Stock (ABG)