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