ABG Stock Recent News

DULUTH, Ga.--(BUSINESS WIRE)--The Board of Directors of Asbury Automotive Group, Inc. (NYSE: ABG) ("Asbury" or the "Company"), one of the largest automotive retail and service companies in the U.S., today announced that Senior Vice President of Operations Daniel E. Clara has been promoted to Chief Operating Officer effective February 17, 2025. Mr. Clara has over 23 years of extensive automotive retail experience. Prior to his 5 years as SVP of Operations, he held positions as regional vice pres.

Asbury's big acquisition is likely to boost growth, but inventory woes and macroeconomic uncertainties can limit its stock performance.

ABG puts up a stellar show in the fourth quarter of 2024, driven by higher-than-expected revenues across all segments except parts and services unit.

Asbury Automotive Group, Inc. (NYSE:ABG ) Q4 2024 Earnings Conference Call January 30, 2025 10:00 AM ET Company Participants Chris Reeves - VP, Finance & Treasurer David Hult - President & CEO Daniel Clara - SVP, Operations Michael Welch - SVP & CFO Conference Call Participants John Murphy - Bank of America Rajat Gupta - JPMorgan Jeff Lick - Stephens Ryan Sigdahl - Craig-Hallum Capital Group Bret Jordan - Jefferies David Whiston - Morningstar Operator Greetings, and welcome to Asbury Automotive Group Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

While the top- and bottom-line numbers for Asbury Automotive (ABG) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Asbury Automotive Group (ABG) came out with quarterly earnings of $7.26 per share, beating the Zacks Consensus Estimate of $6.07 per share. This compares to earnings of $7.12 per share a year ago.

DULUTH, Ga.--(BUSINESS WIRE)--Asbury Automotive Group, Inc. (NYSE: ABG) (the “Company”), one of the largest automotive retail and service companies in the U.S., reported fourth quarter 2024 net income of $129 million ($6.54 per diluted share), an increase of 132% from $56 million ($2.70 per diluted share) in fourth quarter 2023. The Company reported fourth quarter 2024 adjusted net income, a non-GAAP measure, of $143 million ($7.26 per diluted share), a decrease of 2% from $146 million ($7.12 p.

Asbury Automotive (ABG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Asbury Automotive Group, Inc. faces uncertainty for Q4 due to Hurricane Milton and stop-sale orders, likely leading to a miss on top and bottom lines. Analysts expect $5.98 EPS on $4.12B revenue, but historical misses suggest overestimation; management hasn't provided guidance. Key concerns include hurricane impact, stop-sale orders on Toyota, Lexus, BMW, and Honda models, and declining Clicklane performance.

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