Asbury Automotive Group (ABG) Tops Q4 EPS by 5c

Asbury Automotive Group (NYSE: ABG) reported Q4 EPS of $0.88, $0.05 better than the analyst estimate of $0.83. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.33 billion.

"We are pleased to announce record fourth quarter and full year results from continuing operations," said Craig T. Monaghan, Asbury's President and Chief Executive Officer. "These results reflect the benefits of our operational excellence and disciplined capital allocation. We believe the automotive retail environment will remain healthy in 2014 as more customers take advantage of the extremely attractive financing options to replace their aging vehicles with the many exciting new vehicles available today."

Asbury's Executive Vice President and Chief Operating Officer Michael S. Kearney added, "Our teams produced these record results by providing our customers with the highest levels of service. We believe there continues to be opportunity to grow across all of our business lines in 2014."

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

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