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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., has been named in Newsweek's World's Most Trustworthy Companies 2024 list. Asbury ranked number 27 in the Vehicles & Components Industry. Newsweek partnered with Statista, a global data and business intelligence platform, to conduct a survey considering all stock listed companies headquartered in a target country with a revenue of over 500 million.

Asbury Automotive Group Named to Newsweek's World's Most Trustworthy Companies 2024

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (“Asbury” or the “Company”), one of the largest automotive retail and service companies in the U.S., announced today the appointment of Shamla Naidoo to its Board of Directors effective January 1, 2025. The Board has appointed Ms. Naidoo to the Audit Committee and the Compensation & Human Resources Committee. Ms. Naidoo's election brings the total number of directors to ten, nine of whom are independent, including Ms. N.

Asbury Automotive Group Elects New Director to Its Board

Agilon Health

A. O. Smith

AOS, AGL and ABG have been added to the Zacks Rank #5 (Strong Sell) List on November 13, 2024.

New Strong Sell Stocks for November 13th

Aquestive Therapeutics Inc

Globalstar

Westlake Chemical Partners LP

Xometry

The 'Undercovered' Dozen series highlights 12 lesser-covered stocks, offering fresh investment ideas and sparking community discussions on their potential. Xometry's AI-driven procurement software in a specialized B2B marketplace shows high-growth potential to Bert Hochfeld, making it a promising investment. Grassroots Trading argues that Boston Scientific's acquisition of Axonics enhances its urology offerings, positioning it strongly in the sacral neuromodulation field.

Undercovered Dozen: Asbury Automotive, Globalstar, Northland Power, Aquestive Therapeutics +

Alerus Financial Corp

Clean Harbors

ALRS, ABG and CLH have been added to the Zacks Rank #24 (Strong Sell) List on November 4, 2024.

New Strong Sell Stocks for November 4th

Asbury Automotive delivered a mixed Q3 given headwinds from Hurricane Helene, and Q4 will likely be equally messy. Vehicle gross margins continue to normalize, but its parts and services business continues to be the critical driver of growth. While profits are declining from their peak, underlying earnings power of $21 creates long-term opportunity for investors.

Asbury Automotive: Attractive Valuation Looking Past Near-Term Noise

ABG reports lower-than-expected third-quarter results, wherein revenues rise year over year.

Asbury Q3 Earnings Miss Expectations, Revenues Rise Y/Y

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., is proud to announce Wendy Reynolds-Dobbs, VP and Chief DEI Officer, has been named a 2024 Automotive News Champion of Diversity. The 2024 class of Champions of Diversity was chosen by Automotive News editors and journalists from scores of nominees. Profiles of this fourth class of Champions of Diversity are available at https://www.autonews.com/awards.

Asbury Automotive Group's Wendy Reynolds-Dobbs is Recognized as an Automotive News Champion of Diversity

Asbury Automotive Group, Inc. (NYSE:ABG ) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Chris Reeves - Vice President, Finance & Treasurer David Hult - President & Chief Executive Officer Dan Clara - Senior Vice President, Operations Michael Welch - Senior Vice President & Chief Financial Officer Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Jeff Lick - Stephens Ryan Sigdahl - Craig-Hallum Capital Group Bret Jordan - Jefferies David Whiston - Morningstar Operator Greetings, and welcome to the Asbury Automotive Group Third Quarter 2024 Earnings Call. [Operator Instruction] As a reminder, this conference is being recorded.

Asbury Automotive Group, Inc. (ABG) Q3 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 September 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) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Asbury Automotive Group (ABG) came out with quarterly earnings of $6.35 per share, missing the Zacks Consensus Estimate of $6.65 per share. This compares to earnings of $8.12 per share a year ago.

Asbury Automotive Group (ABG) Q3 Earnings and Revenues Miss 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 third quarter 2024 net income of $126 million ($6.37 per diluted share), a decrease of 25% from $169 million ($8.19 per diluted share) in third quarter 2023. The Company reported third quarter 2024 adjusted net income, a non-GAAP measure, of $126 million ($6.35 per diluted share), a decrease of 25% from $168 million ($8.12 per.

Asbury Automotive Group Reports Third Quarter 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.

Analysts Estimate Asbury Automotive Group (ABG) to Report a Decline in Earnings: What to Look Out for

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

Asbury Automotive Group Schedules Release of Third Quarter 2024 Financial Results

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Sues to Block Administrative Proceeding by the Federal Trade Commission.

Asbury Automotive Sues to Block Administrative Proceeding by the Federal Trade Commission

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Wins Preliminary Injunction Against CDK Global LLC.

Asbury Automotive Wins Preliminary Injunction Against CDK Global LLC

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Denies Unfounded FTC Allegations Vows a Vigorous Defense.

Asbury Automotive Denies Unfounded FTC Allegations, Vows a Vigorous Defense

ATLANTA--(BUSINESS WIRE)-- #autoindustry--Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented Atlanta-based Asbury Automotive Group (NYSE: ABG) in the sale of Nalley Chevrolet in Union City, a suburb of Atlanta, Georgia, to ALM Automotive Group. This transaction represents Kerrigan Advisors' 276th dealership sold since inception and 70th franchise sold year-to-date. Asbury Automotive Group is one of the largest automotive retailers in the United States,.

Kerrigan Advisors Represents Asbury Automotive Group in Sale of Atlanta-based Nalley Chevrolet

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S, is proud to be recognized as one of America's Fastest-Growing Companies for 2024 by the Financial Times. With an Absolute Growth rate of 114% and a Compound Growth rate 28.88%, Asbury is ranked 327 out of 500 companies with the strongest revenue growth. The 500 companies selected have the highest growth in publicly disclosed revenues, specifically compo.

Asbury Automotive Group Named in America's Fastest-Growing Companies List by the Financial Times

Asbury's (ABG) second-quarter earnings miss estimates due to lower-than-expected gross profit from all businesses.

Asbury (ABG) Stock Declines 11.2% Since Q2 Earnings Miss

Asbury Automotive Group is an auto retailer operating primarily in the Sun Belt and Mountain West of the United States. The company has significantly outperformed the Consumer Discretionary Select Sector SPDR Fund ETF in 2024. I expect this outperformance to continue thanks to an attractive earnings and free cash flow yield, coupled with a sector-wide benefit from lower Fed funds.

Asbury Automotive Group: Looking Past The CDK Outage

Asbury Automotive Group, Inc. (NYSE:ABG ) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Chris Reeves - VP, Finance & IR David Hult - President & CEO Dan Clara - SVP, Operations Michael Welch - SVP & CFO Conference Call Participants John Murphy - Bank of America Rajat Gupta - J.P. Morgan Ryan Sigdahl - Craig-Hallum Capital Group Operator Greetings, and welcome to the Asbury Automotive Group Second Quarter 2024 Earnings Conference Call.

Asbury Automotive Group, Inc. (ABG) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Asbury Automotive (ABG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Asbury Automotive (ABG) Q2 Earnings: A Look at Key Metrics

Asbury Automotive Group (ABG) came out with quarterly earnings of $6.40 per share, missing the Zacks Consensus Estimate of $7.31 per share. This compares to earnings of $8.95 per share a year ago.

Asbury Automotive Group (ABG) Q2 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 second quarter 2024 net income of $28 million ($1.39 per diluted share), a decrease of 86% from $196 million ($9.34 per diluted share) in second quarter 2023. Second quarter 2024 adjusted net income, a non-GAAP measure, decreased 31% year-over-year to $129 million ($6.40 per diluted share) compared to adjusted net income of $18.

News for Asbury Automotive Group Stock (ABG)