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Stock impact report

Asbury Automotive Group Inc (ABG) Faces Headwinds Despite Revenue Growth in Q4 [Yahoo! Finance]

Asbury Automotive Group Inc (ABG) 
Last asbury automotive group inc earnings: 2/3 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Adjusted Net Income : Adjusted figures show a 28% year-over-year decrease to $146 million. Earnings Per Share (EPS) : Q4 EPS dropped significantly to $2.70 from $15.95 in the previous year. Gross Profit : Saw a 9% decrease to $673 million in Q4. Acquisitions : Completed the acquisition of Jim Koons Automotive Companies. Share Repurchases : Repurchased 246,000 shares for $47 million during Q4. Warning! GuruFocus has detected 4 Warning Sign with ABG. On February 8, 2024, Asbury Automotive Group Inc ( NYSE:ABG ) released its 8-K filing , revealing a mixed financial performance for the fourth quarter of 2023. The company, a leading automotive retail and service company in the U.S., reported a 3% increase in revenue to $3.8 billion. However, net income saw a significant decline, falling 84% to $55.5 million compared to the same period last year. Adjusted net income, which excludes certain non-recurring items, also decreased by 28% year-over-year to $146 million. Asbury Autom Show less Read more
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