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Asbury (ABG)
NYSE:ABG
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
6.65Last Year’s EPS
7.21Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 0.75%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with record revenue and profit growth, driven by effective cost management and operational improvements. However, challenges persist in the Stellantis brand performance and the used vehicle market. Despite these challenges, the overall sentiment was optimistic, especially with expectations of continued growth and efficiency improvements.Company Guidance
During Asbury Automotive Group's fourth quarter 2024 earnings call, the company provided detailed guidance and key metrics for the upcoming year. They reported a same-store new vehicle volume increase of 7% year-over-year and 12% sequentially, with gross profit per new vehicle rising by $149 compared to Q3 2024. For 2025, they expect new vehicle gross profit per vehicle to range from $2,500 to $3,000. Used vehicle performance showed flat volume but an increase in gross profit per unit for the second consecutive quarter. In Parts and Service, same-store gross profit for fixed operations rose by 11%, with the Customer Pay segment up 13%, projecting sustainable mid-single-digit growth. SG&A costs fell to 63% of gross profit on an adjusted basis. Consolidated Q4 revenue reached a record $4.5 billion, up 18% year-over-year, with gross profit at $750 million and a margin of 16.6%. Adjusted earnings per share were $7.26, with adjusted EBITDA of $254 million. The company remains focused on cost discipline and operational efficiency, highlighted by a 4-store Tekion pilot aimed at enhancing the guest experience.Record Revenue and Profit Growth
Asbury Automotive Group generated a record $4.5 billion in revenue, up 18% year-over-year, and a gross profit of $750 million, up 11%, with a gross profit margin of 16.6% for Q4 2024.
Strong Same-Store Performance
Same-store new vehicle volume was up 7% year-over-year, with a 12% sequential increase. Same-store gross profit for fixed operations business was up 11% and the Customer Pay segment was up 13%.
SG&A Cost Improvement
SG&A costs as a percent of gross profit fell to 63% on an adjusted basis, marking the second consecutive quarter of improvement.
Clicklane Sales Increase
The Clicklane platform retailed approximately 12,000 sales in the fourth quarter, a 6% increase year-over-year, contributing to a total of over 51,000 units for the year, a 13% increase from 2023.
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ABG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ABG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $274.31 | $305.86 | +11.50% |
| Oct 29, 2024 | $225.58 | $231.42 | +2.59% |
| Aug 02, 2024 | $263.43 | $235.35 | -10.66% |
| Apr 25, 2024 | $221.54 | $217.12 | -2.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Asbury (ABG) report earnings?
Asbury (ABG) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Asbury (ABG) earnings time?
Asbury (ABG) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ABG EPS forecast?
ABG EPS forecast for the fiscal quarter 2025 (Q1) is 6.65.
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