Core Insights - Asbury Automotive Group reported strong Q3 2025 earnings, with adjusted EPS of $7.17, surpassing estimates and showing a year-over-year increase from $6.35 [3] - Revenues for the quarter reached $4.80 billion, a nearly 13% increase year-over-year, exceeding the consensus estimate [3] Segment Performance - New vehicle revenues increased by 17% year-over-year to $2.53 billion, driven by higher unit sales, with retail units sold totaling 48,070, up 13% from the previous year [4] - Used vehicle retail revenues rose 7% to $1.23 billion but fell short of estimates due to lower unit sales, with retail used vehicle units sold at 37,696, up only 1% year-over-year [5] - Wholesale used vehicle revenues climbed 27% to $185.5 million, exceeding consensus estimates [6] - Finance and insurance business net revenues were $200.3 million, an 8% increase year-over-year, beating estimates [7] - Parts and service revenues reached $659.4 million, up from $593.1 million year-over-year, but missed the consensus estimate [8] Financial Metrics - Selling, general & administrative expenses as a percentage of gross profit increased to 65.7%, up 70 basis points year-over-year [9] - Cash and cash equivalents decreased to $32.2 million from $69.4 million at the end of 2024, while long-term debt rose to $3.6 billion [9] Market Outlook - Following the earnings release, there has been an upward trend in estimates for Asbury Automotive [10] - The company holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [12] Industry Comparison - Asbury Automotive is part of the Zacks Automotive - Retail and Wholesale industry, where competitor AutoNation reported a 6.9% year-over-year revenue increase to $7.04 billion [13]

Core Insights - Asbury Automotive (ABG) reported Q3 2025 adjusted earnings per share of $7.17, exceeding the Zacks Consensus Estimate of $6.80 and up from $6.35 in the previous year, driven by strong gross profits from new vehicle sales, finance and insurance, and parts and service [1][9] - Total revenues for the quarter reached $4.80 billion, marking a nearly 13% year-over-year increase and surpassing the Zacks Consensus Estimate of $4.69 billion [1][9] Segment Performance - New vehicle revenues increased by 17% year over year to $2.53 billion, exceeding the Zacks Consensus Estimate of $2.44 billion, supported by a higher number of units sold, totaling 48,070 (up 13% year over year) [2] - The average selling price (ASP) for new vehicles was $52,609, up 4% year over year, also beating the consensus mark of $52,259 [2] - Gross profit from new vehicle sales was $161 million, a 7% increase from the prior year, surpassing the Zacks Consensus Estimate of $157 million [2] Used Vehicle Performance - Used vehicle retail revenues rose 7% year over year to $1.23 billion but fell short of the Zacks Consensus Estimate of $1.24 billion due to lower unit sales, totaling 37,696 (up 1% year over year) [3] - The ASP for used vehicles was $32,543, up 6% year over year, exceeding the consensus estimate of $31,576 [3] - Gross profit from used vehicles was $61.5 million, a 10% year-over-year increase, but missed the Zacks Consensus Estimate of $63 million [3] Wholesale and Finance Performance - Revenues from the used vehicle wholesale business increased by 27% to $185.5 million, beating the consensus mark of $160 million, although gross profit of $3.8 million fell short of the estimate of $4.15 million [4] - Net revenues from the finance and insurance business reached $200.3 million, an 8% increase year over year, surpassing the Zacks Consensus Estimate of $187 million [5] - Gross profit from finance and insurance was $187.1 million, up 9% year over year, exceeding the consensus estimate of $178 million [5] Parts and Service Performance - Revenues from the parts and service business were $659.4 million, up from $593.1 million in the prior year but missed the Zacks Consensus Estimate of $661 million [6] - Gross profit from this segment was $389.1 million, surpassing the consensus mark of $388 million and reflecting a 9% year-over-year increase [6] Financial Metrics - Selling, general & administrative expenses as a percentage of gross profit rose to 65.7%, an increase of 70 basis points year over year [7] - As of September 30, 2025, the company had cash and cash equivalents of $32.2 million, down from $69.4 million as of December 31, 2024, with long-term debt increasing to $3.6 billion from $3.14 billion [7]

Core Insights - AutoNation, Inc. reported third-quarter 2025 adjusted earnings of $5.01 per share, a 25% increase year over year, exceeding the Zacks Consensus Estimate of $4.85, driven by strong revenues from retail new and used vehicles, as well as finance and insurance [1][9] - Total revenues for the quarter reached $7.04 billion, surpassing the Zacks Consensus Estimate of $6.86 billion and increasing from $6.59 billion in the third quarter of 2024 [1][9] Revenue Breakdown - New vehicle revenues rose 7.7% year over year to $3.42 billion, exceeding the estimate of $3.2 billion, with retail units sold totaling 66,189, a 4.8% increase year over year [2] - Retail used-vehicle revenues increased 7.6% to $1.87 billion, surpassing the projection of $1.72 billion, with used vehicle retail units sold totaling 68,896, a 3.7% increase year over year [3] - Wholesale used vehicle revenues declined 11.6% to $141.4 million, missing the estimate of $158.8 million, although gross profit rose to $12.3 million from $5.6 million [4] - Finance and insurance revenues amounted to $374.8 million, an 11.7% increase from the previous year, beating the projection of $331.6 million [4] - Parts and service revenues increased by 4.7% to $1.23 billion but fell short of the estimate of $1.26 billion [5] Segment Performance - Domestic segment revenues rose 9.6% year over year to $1.95 billion, exceeding the projection of $1.76 billion, with segment income climbing 30.3% to $81.3 million [6] - Import segment revenues increased 6.2% to $2.17 billion, surpassing the forecast of $2.02 billion, while segment income grew 3.8% to $123.7 million [6] - Premium Luxury segment sales rose 5.5% to $2.56 billion, slightly missing the projection of $2.57 billion, with segment income growing 4% to $160.9 million [7] Financial Position - As of September 30, 2025, the company's liquidity stood at $1.8 billion, including $98 million in cash and nearly $1.7 billion available under its revolving credit facility [8] - Inventory was valued at $3.49 billion, and non-vehicle debt was reported at $3.83 billion [8] - Capital expenditure for the quarter was $68.9 million [8] Share Repurchase - During the quarter, the company repurchased 0.8 million shares for $181 million, with $338 million remaining under its share repurchase program [10]

Core Insights - Asbury Automotive (ABG) reported second-quarter 2025 adjusted earnings per share of $7.43, exceeding the Zacks Consensus Estimate of $6.82 and up from $6.40 in the previous year, driven by better-than-expected gross profits from vehicle sales [1][9] - Total revenues for the quarter were $4.37 billion, reflecting a nearly 3% year-over-year increase but falling short of the Zacks Consensus Estimate of $4.45 billion [1][9] Segment Performance - New vehicle revenues increased by 6% year over year to $2.30 billion, slightly missing the Zacks Consensus Estimate of $2.31 billion, attributed to lower-than-expected selling prices and unit sales [2] - Retail units sold in the new vehicle segment totaled 44,437, a 4% increase year over year, but below the consensus mark of 45,291 units [2] - The average selling price (ASP) for new vehicles was $51,846, up 2% year over year, but missed the consensus estimate of $52,011 [2] - Gross profit from new vehicles was $160 million, up 3% from the prior year and surpassing the Zacks Consensus Estimate of $148 million [2] - Used vehicle retail revenues declined by 3% year over year to $1.13 billion, missing the Zacks Consensus Estimate of $1.15 billion due to lower ASP and unit sales [3] - Retail used vehicle units sold totaled 36,233, down 6% year over year, lagging behind the consensus mark of 36,382 units [3] - The ASP for used vehicles was $31,171, up 3% year over year, but fell short of the consensus estimate of $31,207 [3] - Gross profit from used vehicles was $62.3 million, an 11% increase year over year, exceeding the Zacks Consensus Estimate of $57 million [3] - Revenues from the used vehicle wholesale business rose 11% to $156.3 million, beating the consensus estimate of $153 million [4] - Gross profit from the wholesale unit surged 43% to $6.6 million, surpassing the consensus mark of $2.72 million [4] - Net revenues from the finance and insurance business were $182 million, down 5% year over year and below the Zacks Consensus Estimate of $203 million [5] - Gross profit in this segment was $168.1 million, a 4% year-over-year decline, missing the Zacks Consensus Estimate of $170 million [5] - Revenues from the parts and service business reached $601.5 million, up from $580.9 million in the previous year but missing the Zacks Consensus Estimate of $625 million [6] - Gross profit from parts and service was $354.8 million, which lagged the consensus mark of $359 million but represented a 4% year-over-year increase [6] Financial Metrics - Selling, general & administrative expenses as a percentage of gross profit increased to 63.2%, a decrease of 198 basis points year over year [7] - As of June 30, 2025, the company had cash and cash equivalents of $54.8 million, down from $69.4 million as of December 31, 2024 [7] - Long-term debt stood at $3.05 billion as of June 30, 2025, down from $3.14 billion as of December 31, 2024 [7]

Core Insights - Asbury Automotive (ABG) reported first-quarter 2025 adjusted earnings per share of $6.82, missing the Zacks Consensus Estimate of $6.84 and down from $7.21 in the previous year [1] - Total revenues for the quarter were $4.15 billion, a decrease of 1.2% year over year, and also below the Zacks Consensus Estimate of $4.4 billion [1] Segment Details - New vehicle revenues increased by 4% year over year to $2.14 billion, but fell short of the Zacks Consensus Estimate of $2.24 billion due to lower unit sales [2] - Retail units sold in the new vehicle segment totaled 41,496, up 2% year over year, but below the consensus mark of 43,854 units [2] - The average selling price (ASP) for new vehicles was $51,525, up 2% year over year, exceeding the consensus estimate of $51,133 [2] - Gross profit from the new vehicle segment was $143.1 million, down 12% from the prior-year quarter and missing the consensus estimate of $151 million [2] Used Vehicle Performance - Used vehicle retail revenues declined by 9% year over year to $1.08 billion, missing the Zacks Consensus Estimate of $1.2 billion due to lower ASP and unit sales [3] - Retail used vehicle units sold totaled 35,415, down 10% year over year, lagging behind the consensus mark of 39,161 units [3] - The ASP for used vehicles was $30,465, up 1% year over year, but missed the consensus estimate of $30,476 [3] - Gross profit from the used vehicle segment was $56.2 million, down 14% year over year and below the consensus estimate of $59 million [3] Other Business Segments - Revenues from the used vehicle wholesale business fell by 5% to $157 million, meeting the consensus mark [4] - Gross profit from the wholesale unit increased by 21% to $8.4 million, surpassing the consensus estimate of $2.75 million [4] - Finance and insurance business net revenues were $187 million, down 1% year over year and below the consensus estimate of $189 million [4] - Gross profit from finance and insurance was $173.9 million, down 4% year over year but exceeding the consensus estimate of $165 million [4] Parts and Service Business - Revenues from the parts and service business were $587.6 million, slightly down from $590.4 million in the previous year and missing the Zacks Consensus Estimate of $630 million [5] - Gross profit from this segment was $342.7 million, which lagged the consensus mark of $359 million but rose 3% year over year [5] Financial Position - As of March 31, 2025, the company had cash and cash equivalents of $124.6 million, up from $69.4 million as of December 31, 2024 [6] - Long-term debt was $3.13 billion, down from $3.14 billion as of December 31, 2024 [6] - The company did not repurchase any shares in the first quarter of 2025 [6]

Core Insights - AutoNation, Inc. reported first-quarter 2025 adjusted earnings of $4.68 per share, a 4% increase year over year, surpassing the Zacks Consensus Estimate of $4.35, driven by strong revenues and profits from retail new and used vehicles [1] - Total revenues for the quarter reached $6.69 billion, exceeding the Zacks Consensus Estimate of $6.57 billion and up from $6.48 billion in the first quarter of 2024 [1] Revenue Breakdown - New vehicle revenues increased by 9% year over year to $3.24 billion, exceeding the estimate of $2.83 billion, with retail units sold totaling 62,387, a 6% increase from the previous year [2] - Average selling price (ASP) for new vehicles rose by 2.9% year over year to $52,064, surpassing the estimate of $47,541 [2] - Gross profit from new vehicles was $175 million, a decline of 10.7% year over year, but above the estimate of $112.5 million [2] Used Vehicle Performance - Retail used-vehicle revenues decreased by 2.3% year over year to $1.79 billion, but exceeded the projection of $1.77 billion due to higher ASP [3] - Used vehicle retail units sold were 68,000, down 1.6% year over year, missing the projection of 69,429 units [3] - ASP for used vehicles was $26,354, down 0.7% year over year, but above the estimate of $25,562 [3] - Gross profit from used vehicles increased by 11% to $113 million, surpassing the estimate of $86.3 million [3] Wholesale and Other Segments - Revenues from wholesale used vehicles fell by 19.7% to $130.3 million, missing the estimate of $165.7 million, while gross profit rose to $11.5 million from $9.7 million, exceeding the estimate of $6.2 million [4] - Finance and insurance business net revenues were $352.5 million, a 5.3% increase year over year, beating the projection of $332.2 million [4] - Parts and service revenues contracted by 0.7% to $1.16 billion, missing the estimate of $1.3 billion, while gross profit rose by 2.1% to $567.7 million, below the estimate of $618 million [5] Segmental Performance - Domestic segment revenues declined by 2.2% year over year to $1.71 billion, exceeding the projection of $1.7 billion, with segment income down 8.2% to $69 million, but above the estimate of $60 million [5] - Import segment revenues increased by 3.4% to $2 billion, surpassing the forecast of $1.95 billion, with income contracting by 2% to $126 million, exceeding the estimate of $113 million [6] - Premium Luxury segment sales rose by 6.7% to $2.57 billion, surpassing the projection of $2.44 billion, with segment income increasing by 4.1% to $178.7 million, exceeding the estimate of $160 million [6] Financial Position - As of March 31, 2025, the company's liquidity stood at $1.6 billion, including $71 million in cash and nearly $1 billion available under its revolving credit facility [7] - Inventory was valued at $3.23 billion, and non-vehicle debt was $3.96 billion [7] - Capital expenditure for the quarter was $75.2 million [7] Share Repurchase Activity - During the first quarter of 2025, AutoNation repurchased 1.4 million shares for $225 million, with a total of 1.5 million shares repurchased for $254 million since the beginning of the year [8] - The company currently has $607 million remaining under its share repurchase program [8]