Asbury Automotive's Q1 Earnings Lag Estimates, Revenues Decline Y/Y

Asbury Automotive (ABG) reported first-quarter 2025 adjusted earnings per share of $6.82, which missed the Zacks Consensus Estimate of$6.84 and decreased from $7.21 generated in the year-ago period. Lower-than-expected sales and gross profit from the new and used vehicle business and parts and service business resulted in underperformance. In the reported quarter, revenues amounted to$4.15 billion, which decreased 1.2% year over year and lagged the Zacks Consensus Estimate of $4.4 billion.ABG’s Segment De ...