Asbury Automotive Group (ABG) reported fourth-quarter 2023 adjusted earnings of $7.12 per share, which decreased 21.9% year over year and missed the Zacks Consensus Estimate of $7.74 on lower-than-expected sales from used-vehicle and parts and service segments.In the reported quarter, revenues amounted to $3.81 billion, which increased 3% year over year. The top line surpassed the Zacks Consensus Estimate of $3.77 billion.Segment DetailsIn the quarter, new-vehicle revenues rose 11% year over year to $2.06 b ...

Asbury Automotive Group, Inc. (NYSE:ABG) Q4 2023 Earnings Conference Call February 8, 2024 10:00 AM ET Company Participants Chris Reeves - VP, Finance and Treasurer David Hult - President, CEO & Director Daniel Clara - SVP, Operations Michael Welch - SVP & CFO Conference Call Participants Daniel Imbro - Stephens Inc. John Murphy - Bank of America Merrill Lynch Ryan Sigdahl - Craig-Hallum Capital Group David Whiston - Morningstar Inc. Bret Jordan - Jefferies Rajat Gupta - JPMorgan Chase & Co. Glenn Chin - S ...

For the quarter ended December 2023, Asbury Automotive Group (ABG) reported revenue of $3.81 billion, up 2.9% over the same period last year. EPS came in at $7.12, compared to $9.12 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.77 billion, representing a surprise of +1.20%. The company delivered an EPS surprise of -8.01%, with the consensus EPS estimate being $7.74.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

Asbury Automotive Group (ABG) came out with quarterly earnings of $7.12 per share, missing the Zacks Consensus Estimate of $7.74 per share. This compares to earnings of $9.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -8.01%. A quarter ago, it was expected that this auto dealership chain would post earnings of $8.44 per share when it actually produced earnings of $8.12, delivering a surprise of -3.79%.Over the last four q ...

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 2023 net income of $56 million ($2.70 per diluted share), a decrease of 89% from $353 million ($15.95 per diluted share) in fourth quarter 2022. Fourth quarter 2023 results include non-cash asset impairments of $117.2 million or $4.29 per diluted share. Fourth quarter 2022 results include gains on dealership divestitures of $ ...

The upcoming report from Asbury Automotive Group (ABG) is expected to reveal quarterly earnings of $7.74 per share, indicating a decline of 15.1% compared to the year-ago period. Analysts forecast revenues of $3.77 billion, representing an increase of 1.6% year over year.The consensus EPS estimate for the quarter has been revised 1.6% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☒ EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-31262 ASBURY AUTOMOTIVE GROUP, INC. (Exact name of Registrant as specified in its charter) Delaware 01-0609375 (State or other jurisdi ...

Asbury Automotive Group, Inc. (NYSE:ABG) Q3 2023 Earnings Conference Call October 24, 2023 10:00 AM ET Company Participants George Villasana - SVP, Chief Legal Officer & Secretary David Hult - President, CEO & Director Daniel Clara - SVP, Operations Michael Welch - SVP & CFO Conference Call Participants Daniel Imbro - Stephens Inc. John Murphy - Bank of America Merrill Lynch Rajat Gupta - JPMorgan Chase & Co. Ryan Sigdahl - Craig-Hallum Capital Group Bret Jordan - Jefferies Operator Greetings, and welcome t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☒ EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-31262 ASBURY AUTOMOTIVE GROUP, INC. (Exact name of Registrant as specified in its charter) Delaware 01-0609375 (State or other jurisdiction ...

Asbury Automotive Group, Inc. (NYSE:ABG) Q2 2023 Earnings Conference Call July 25, 2023 10:00 AM ET Company Participants George Villasana - SVP, Chief Legal Officer & Secretary David Hult - President, CEO & Director Daniel Clara - SVP, Operations Michael Welch - SVP & CFO Conference Call Participants Daniel Imbro - Stephens Inc. John Murphy - Bank of America Merrill Lynch Rajat Gupta - JPMorgan Chase & Co. Bret Jordan - Jefferies Operator Greetings, and welcome to the Asbury Automotive Group Second Quarter ...