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Asbury (ABG)
NYSE:ABG
Earnings Data
Report Date
Jul 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
6.76Last Year’s EPS
6.4Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: 1.54%
|Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance and strategic positioning with record-setting results in parts and service, significant acquisition plans, and robust liquidity. However, uncertainties around tariffs, a decline in used vehicle sales, and market-specific challenges present notable headwinds.Company Guidance
During the Asbury Automotive Group's Q1 2025 earnings call, several key financial metrics were highlighted. The company reported revenue of $4.1 billion and a gross profit of $724 million, resulting in a gross profit margin of 17.5%. Same-store adjusted SG&A was 63.9% of gross profit, while the adjusted operating margin stood at 5.8%. Adjusted earnings per share were reported at $6.82, with an adjusted EBITDA of $240 million. The company achieved a record gross profit in its parts and service business, with same-store gross profit increasing by 5% and customer pay gross profit up by 6%. New vehicle same-store revenue rose by 6%, and units were up by 4%. However, used vehicle unit volume decreased by 8% year-over-year, with a retail gross profit per unit of $1,587. The F&I PVR was $2,263, and the total front-end yield per vehicle was $4,854. On the capital allocation front, Asbury is focused on reducing leverage following the pending acquisition of Herb Chambers Automotive Group, which is valued at $1.34 billion. The transaction adjusted net leverage was 2.75 times at the end of March, with plans to focus on deleveraging over the next eighteen to twenty-four months.Record Gross Profit in Parts and Service
The company posted an all-time record in gross profit for the parts and service business, with same-store gross profit up 5% and customer pay gross up 6%.
Significant Long-term Growth in Customer Pay Gross Profit
Compared to 2014, there has been a 97% increase in customer pay gross profit, demonstrating consistent growth over a ten-year period.
Pending Acquisition of Herb Chambers Automotive Group
Asbury Automotive Group is set to acquire Herb Chambers Automotive Group, a strategic entry into the Boston market expected to close by the end of Q2 2025.
Strong Financial Performance
The company generated $4.1 billion in revenue, a gross profit of $724 million, and adjusted earnings per share of $6.82.
Improvement in Same-Store New Vehicle Sales
Same-store new vehicle revenue increased by 6% year-over-year, with units up 4% due to a boost in March sales.
Liquidity and Capital Allocation
The company ended Q1 with $964 million of liquidity and plans to focus on deleveraging over the next 18 to 24 months.
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
ABG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2025 | $224.45 | $216.26 | -3.65% |
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% |
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.
FAQ
When does Asbury (ABG) report earnings?
Asbury (ABG) is schdueled to report earning on Jul 29, 2025, TBA Not Confirmed.
What is Asbury (ABG) earnings time?
Asbury (ABG) earnings time is at Jul 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 (Q2) is 6.76.