Asbury Automotive Group (ABG) Tops Q1 EPS by 17c; New Vehicle Revs Up 9%
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Price: $178.84 -7.3%
Revenue Growth %: +77.3%
Financial Fact:
Performance share units: 100K
Today's EPS Names:
TGT, UUUU, EDRY, More
Revenue Growth %: +77.3%
Financial Fact:
Performance share units: 100K
Today's EPS Names:
TGT, UUUU, EDRY, More
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Asbury Automotive Group (NYSE: ABG) reported Q1 EPS of $1.03, $0.17 better than the analyst estimate of $0.86. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.31 billion.
Qtr Highlights:
- New vehicle retail revenues up 9%; gross profit up 12%
- Used vehicle retail revenues up 14%; gross profit up 9%
- Finance and insurance revenues up 14%
- Parts and service gross profit up 11%
- Total gross profit up 12% with increases from all business lines
- SG&A expense as a percent of gross profit improved 220 basis points to 69.4%
- Repurchased $9.4 million of common stock
For earnings history and earnings-related data on Asbury Automotive Group (ABG) click here.
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