Asbury Automotive (ABG) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Asbury Automotive Group (ABG) reported a revenue of $4.5 billion for the quarter ended December 2024, reflecting an 18.2% increase year-over-year and an 8.96% surprise over the Zacks Consensus Estimate of $4.13 billion [1] - The earnings per share (EPS) for the quarter was $7.26, up from $7.12 in the same quarter last year, with a surprise of 19.60% over the consensus EPS estimate of $6.07 [1] Financial Performance Metrics - Unit sales for new vehicles reached 47,255, exceeding the two-analyst average estimate of 42,938 [4] - Unit sales for used vehicle retail were 35,328, surpassing the two-analyst average estimate of 33,574 [4] - The average selling price for new vehicles was $52 billion, compared to the $50.60 billion average estimate [4] - Same-store unit sales for used vehicles retail were 28,357, above the average estimate of 27,998 [4] - Average gross profit per unit for total new vehicles was $3.64 billion, exceeding the average estimate of $3.45 billion [4] - Average gross profit per unit for used vehicle retail was $1.45 billion, slightly below the average estimate of $1.47 billion [4] Revenue Breakdown - Revenues from new vehicles were $2.46 billion, compared to the four-analyst average estimate of $2.19 billion, representing a year-over-year change of 19.4% [4] - Revenues from used vehicles were $1.26 billion, exceeding the four-analyst average estimate of $1.13 billion, with a year-over-year change of 17.8% [4] - Revenues from parts and service totaled $590.40 million, slightly below the four-analyst average estimate of $598.88 million, with a year-over-year change of 15% [4] - Revenues from finance and insurance net were $198.50 million, surpassing the average estimate of $189.35 million, reflecting a 16% year-over-year change [4] - Revenues from used vehicle retail were $1.10 billion, exceeding the average estimate of $956.82 million, with a year-over-year change of 13.8% [4] - Revenues from used vehicle wholesale were $159.60 million, above the average estimate of $137.84 million, representing a significant year-over-year change of 55.1% [4] Stock Performance - Asbury Automotive shares have returned +12.9% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]