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Asbury Automotive (ABG) Reports Q4 Earnings: What Key Metrics Have to Say
ABGAsbury Automotive Group(ABG) ZACKS·2025-01-30 16:36

Core Insights - Asbury Automotive Group (ABG) reported a revenue of 4.5billionforthequarterendedDecember2024,reflectingan18.24.5 billion for the quarter ended December 2024, reflecting an 18.2% increase year-over-year and an 8.96% surprise over the Zacks Consensus Estimate of 4.13 billion [1] - The earnings per share (EPS) for the quarter was 7.26,upfrom7.26, up from 7.12 in the same quarter last year, with a surprise of 19.60% over the consensus EPS estimate of 6.07[1]FinancialPerformanceMetrics−Unitsalesfornewvehiclesreached47,255,exceedingthetwo−analystaverageestimateof42,938[4]−Unitsalesforusedvehicleretailwere35,328,surpassingthetwo−analystaverageestimateof33,574[4]−Theaveragesellingpricefornewvehicleswas6.07 [1] Financial Performance Metrics - Unit sales for new vehicles reached 47,255, exceeding the two-analyst average estimate of 42,938 [4] - Unit sales for used vehicle retail were 35,328, surpassing the two-analyst average estimate of 33,574 [4] - The average selling price for new vehicles was 52 billion, compared to the 50.60billionaverageestimate[4]−Same−storeunitsalesforusedvehiclesretailwere28,357,abovetheaverageestimateof27,998[4]−Averagegrossprofitperunitfortotalnewvehicleswas50.60 billion average estimate [4] - Same-store unit sales for used vehicles retail were 28,357, above the average estimate of 27,998 [4] - Average gross profit per unit for total new vehicles was 3.64 billion, exceeding the average estimate of 3.45billion[4]−Averagegrossprofitperunitforusedvehicleretailwas3.45 billion [4] - Average gross profit per unit for used vehicle retail was 1.45 billion, slightly below the average estimate of 1.47billion[4]RevenueBreakdown−Revenuesfromnewvehicleswere1.47 billion [4] Revenue Breakdown - Revenues from new vehicles were 2.46 billion, compared to the four-analyst average estimate of 2.19billion,representingayear−over−yearchangeof19.42.19 billion, representing a year-over-year change of 19.4% [4] - Revenues from used vehicles were 1.26 billion, exceeding the four-analyst average estimate of 1.13billion,withayear−over−yearchangeof17.81.13 billion, with a year-over-year change of 17.8% [4] - Revenues from parts and service totaled 590.40 million, slightly below the four-analyst average estimate of 598.88million,withayear−over−yearchangeof15598.88 million, with a year-over-year change of 15% [4] - Revenues from finance and insurance net were 198.50 million, surpassing the average estimate of 189.35million,reflectinga16189.35 million, reflecting a 16% year-over-year change [4] - Revenues from used vehicle retail were 1.10 billion, exceeding the average estimate of 956.82million,withayear−over−yearchangeof13.8956.82 million, with a year-over-year change of 13.8% [4] - Revenues from used vehicle wholesale were 159.60 million, above the average estimate of $137.84 million, representing a significant year-over-year change of 55.1% [4] Stock Performance - Asbury Automotive shares have returned +12.9% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]