Recap: Asbury Automotive Group Q2 Earnings

Shares of Asbury Automotive Group ABG fell 2% after the company reported Q2 results.

Quarterly Results

Earnings per share were up 5.88% over the past year to $2.52, which beat the estimate of $2.20.

Revenue of $1,445,000,000 decreased by 19.90% from the same period last year, which beat the estimate of $1,420,000,000.

Looking Ahead

Asbury Automotive Group hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 28, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/f6g987ps

Recent Stock Performance

Company's 52-week high was at $123.44

Company's 52-week low was at $39.36

Price action over last quarter: Up 67.24%

Company Description

Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company will operate about 91 stores once the Park Place acquisition closes in 2020, with associated parts and service departments. About 79% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products. Asbury operates in 10 states (mostly Texas and the Southeast), and the company entered Colorado in 2019. Asbury generated $7.2 billion of revenue in 2019.

Posted In: EarningsNews

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.