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ABG — Asbury Automotive News Story

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Asbury Automotive Q4 EPS beats estimates, revenue misses

Overview

U.S. auto retailer's Q4 revenue rose 4% but missed analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company repurchased 212,000 shares for $50 mln

Outlook

Company did not provide specific guidance for future quarters or years

Result Drivers

USED VEHICLE PROFIT - Same store used retail gross profit increased by 4%, contributing to overall gross profit growth

TEKION IMPLEMENTATION - Continued transition to Tekion with implementation across 15 additional stores

STORE DIVESTITURES - Divested four stores as part of capital allocation and portfolio optimization efforts

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueMiss$4.70 bln$4.89 bln (6 Analysts)
Q4 Adjusted EPSBeat$6.67$6.66 (8 Analysts)
Q4 EPS$3.10
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy." Wall Street's median 12-month price target for Asbury Automotive Group Inc is $250.00, about 5.5% above its February 4 closing price of $237.04 The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago Press Release: ID:nBw4Y0tpca For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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