Asbury Automotive Group (ABG) Reports In-Line Q3 EPS

October 21, 2014 6:38 AM EDT

Asbury Automotive Group (NYSE: ABG) reported Q3 EPS of $1.08, in-line with the analyst estimate of $1.08. Revenue for the quarter came in at $1.51 billion versus the consensus estimate of $1.51 billion.

New vehicle retail revenues up 8%; gross profit up 6%

Used vehicle retail revenues up 8%; gross profit up 2%
Finance and insurance revenues up 8%
Parts and service gross profit up 12%
Total gross profit up 9% with increases from all business lines
SG&A expense as a percent of gross profit improved 60 basis points to 70.1%; same-store SG&A expense as a percent of gross profit improved 120 basis points to 69.5%
Operating margin of 4.4%

For earnings history and earnings-related data on Asbury Automotive Group (ABG) click here.



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