Asbury Automotive Group (ABG) Surpasses Q4 Earnings and Revenue Estimates

Group 1 - Asbury Automotive Group reported quarterly earnings of $7.26 per share, exceeding the Zacks Consensus Estimate of $6.07 per share, and showing an increase from $7.12 per share a year ago, resulting in an earnings surprise of 19.60% [1] - The company achieved revenues of $4.5 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 8.96%, compared to $3.81 billion in the same quarter last year [2] - Asbury Automotive shares have increased approximately 12.9% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $7.07 on revenues of $4.35 billion, and for the current fiscal year, it is $27.01 on revenues of $17.31 billion [7] - The Zacks Industry Rank for Automotive - Retail and Whole Sales is currently in the bottom 42% of over 250 Zacks industries, indicating potential challenges for stock performance [8] Group 3 - The estimate revisions trend for Asbury Automotive is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] - AutoNation, another company in the same industry, is expected to report quarterly earnings of $4.26 per share, reflecting a year-over-year decline of 15.1% [9]