Asbury Q3 Earnings Miss Expectations, Revenues Rise Y/Y

Asbury Automotive (ABG) reported third-quarter 2024 adjusted earnings of $6.35 per share, which decreased 21.8% year over year and missed the Zacks Consensus Estimate of $6.65. In the reported quarter, revenues amounted to $4.24 billion, which increased 16% year over year but missed the Zacks Consensus Estimate of $4.36 billion.Stay up-to-date with the quarterly releases: See Zacks Earnings Calendar.Segment DetailsIn the quarter, new vehicle revenues rose 16% year over year to $2.16 billion, missing the Zac ...