Asbury Automotive ( (ABG) ) has released its Q1 earnings. Here is a breakdown of the information Asbury Automotive presented to its investors.
Asbury Automotive Group, Inc., a Fortune 500 company headquartered in Duluth, GA, is one of the largest automotive retailers in the U.S., offering a wide range of automotive products and services, including new and used vehicles, parts and service, and finance and insurance products.
In its first quarter of 2025, Asbury Automotive Group reported a revenue of $4.1 billion, with a net income of $132 million, marking a 10% decrease from the previous year. Despite challenges such as tariff uncertainty and weather impacts, the company achieved an all-time record in Parts & Service gross profit of $343 million and announced a definitive agreement to acquire The Herb Chambers Automotive Group.
Key financial metrics for the quarter included a gross profit of $724 million, a 3% decrease from the previous year, and an operating margin of 5.6%. New vehicle revenue saw a 4% increase, while used vehicle retail revenue decreased by 9%. The company also completed two divestitures contributing to an estimated annualized revenue of $79 million.
Looking ahead, Asbury Automotive Group remains committed to strategic growth and operational resilience. The acquisition of The Herb Chambers Automotive Group is expected to enhance its market position, with management expressing confidence in overcoming current economic challenges and continuing to deliver strong results.