Asbury Automotive Group: Q3 Earnings Insights

Shares of Asbury Automotive Group ABG fell 1.9% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 75.11% over the past year to $4.08, which beat the estimate of $3.38.

Revenue of $1,845,000,000 rose by 0.16% year over year, which beat the estimate of $1,790,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Oct 27, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/uaoy6ucj

Recent Stock Performance

Company's 52-week high was at $125.00

52-week low: $39.36

Price action over last quarter: Up 9.92%

Company Profile

Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company will operate about 91 stores once the Park Place acquisition closes in 2020, with associated parts and service departments. About 79% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products. Asbury operates in 10 states (mostly Texas and the Southeast), and the company entered Colorado in 2019. Asbury generated $7.2 billion of revenue in 2019.