Asbury Automotive reports Q3 adjusted EPS $7.17, consensus $6.84

Reports Q3 revenue $4.8B, consensus $4.84B. Reports Q3 SSS up 5%. “This was an important quarter in managing our growth strategy for Asbury, marked by the expansion of Tekion to all our stores in the Baltimore-DC market and integrating the Chambers group,” said David Hult, Asbury’s president and CEO. “Our results reflect the resiliency of the team. We intend to maintain our balanced capital allocation approach paired with optimizing our store portfolio while continuing to deliver strong service through these transformative points in our journey.”