Recap: Asbury Automotive Group Q2 Earnings

Shares of Asbury Automotive Group ABG fell 2% after the company reported Q2 results.

Quarterly Results

Earnings per share were up 5.88% over the past year to $2.52, which beat the estimate of $2.20.

Revenue of $1,445,000,000 decreased by 19.90% from the same period last year, which beat the estimate of $1,420,000,000.

Looking Ahead

Asbury Automotive Group hasn't issued any earnings guidance for the time being.

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

Conference Call Details

Date: Jul 28, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/f6g987ps

Recent Stock Performance

Company's 52-week high was at $123.44

Company's 52-week low was at $39.36

Price action over last quarter: Up 67.24%

Company Description

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.