Asbury Automotive Group Reports Record $4.2 Billion in Revenue
Asbury Automotive Group Inc (ABG)
Last asbury automotive group inc earnings: 2/3 07:00 am
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US:NYSE Investor Relations:
asburyauto.com/company/investor-relations
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Source: Business Wire
Operating margin of 6.3%EPS of $7.21 per diluted shareParts and service revenue growth of 15%; parts and service gross profit growth of 18%Repurchased approximately 240,000 shares for $50 million 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 Executive Officer. “Our performance was driven by the hard work of our team members, our focus on the same store operations and the strength and strategic fit of our acquisitions - we are accelerating the results of our integration efforts. We delivered on our ongoing commitment to profitably grow same sto
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ABG
News
- Asbury Automotive Group, Inc. (NYSE: ABG) had its price target lowered by analysts at JPMorgan Chase & Co. from $235.00 to $230.00. They now have an "overweight" rating on the stock.MarketBeat
- Prices For Used Cars Are Down For Now, But Nearly-New Ones Still Rare [Forbes]Forbes
- Asbury Automotive Group, Inc. (NYSE:ABG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Asbury Automotive (ABG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
- Asbury Automotive Announces Chief Legal Officer George Villasana to Retire [Yahoo! Finance]Yahoo! Finance
ABG
Earnings
- 4/25/24 - Miss
ABG
Sec Filings
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/19/24 - Form 8-K
- ABG's page on the SEC website